Natural gas has rebounded since briefly falling below $2 earlier this year. We were in a crisis of sorts, as there was so much production that the trajectory of injections into storage suggested we might hit storage capacity. Months later, we've seen below-average injections for a while as rig counts have come down substantially. Assuming we experience an average winter, we should trek back toward $4 natural gas.

One of the stocks to play during a continuing natural gas rebound is Southwestern Energy. It's a low-cost producer with a good balance sheet, returns-focused management, pretty decent hedges in 2013, and several oil plays, any of which would transform the company's production mix meaningfully. Watch the video for Paul and Matt's full discussion.

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