With natural gas prices falling off a cliff the last 12 months, it's become significantly cheaper compared to oil on a relative basis. 

Investors with a long-term investment horizon are eagerly eyeing the spread between oil and natural gas prices with a mind to profit. The energy sector is full of  long-shot big-payout stocks like Kodiak Oil & Gas and more natural-gas-focused EXCO Resources, but Austin likes low-cost Ultra Petroleum(OTC:UPL) over all of them. Ultra's low-cost structure ensures an earlier break-even point than other companies in this space, and its Marcellus shale position continues to push production higher. It's a high-quality natural gas stock that should play out for years to come as price parity with oil returns.

There are many other ways to play this space as well. Our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.