The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor Charly Travers discuss topics across the investing world.

Charly has started looking very closely at some companies in the natural gas space. He's hunting for well-run companies with solid balance sheets that are currently on sale. Surprisingly, his favorite idea is a titan in the energy space that is likely to do well in this area over the long term.

Charly Travers has no positions in the stocks mentioned above. John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of Ultra Petroleum and has the following options: long JAN 2014 $30.00 calls on Ultra Petroleum, long JAN 2014 $40.00 calls on Ultra Petroleum, and long JAN 2014 $50.00 calls on Ultra Petroleum. Motley Fool newsletter services recommend Range Resources and Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.