Merck & Co., Inc. (MRK): Whoa, Astex Pharmaceuticals, Inc. (ASTX), Niska Gas Storage Partners LLC (NKA)! What Just Happened to My Stock?

Exactly a year ago I said Niska Gas Storage Partners LLC (NYSE:NKA) would stand to benefit from drillers that continued to pump out more natural gas, and now with a winter that seemingly won’t end, cold weather is causing natural gas prices to rise — they’re at levels not seen since 2011 — and there’s even more production in the field. Yet with the cold snap inventories have fallen enough where they’re now almost in equilibrium with their five-year historical averages.

Niska Gas Storage Partners LLC (NYSE:NKA) has gained more than 70% since I marked it to outperform the broad indexes on Motley Fool CAPS, attaining half of that appreciation this year alone. As a toll collector on the natural gas superhighway, I’m more inclined to side with the Stifel analysts in suggesting Niska Gas Storage Partners LLC (NYSE:NKA) is a buy because the industry may finally be ready for a rebound.

The article Whoa! What Just Happened to My Stock? originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson.

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