Range Resources Corp. (RRC), Chesapeake Energy Corporation (CHK), EQT Corporation (EQT): Natural Gas Is Fueling This Growing Industry

Perhaps the best entry level for investors, though, is through the CNG fueling stations. EQT Corporation (NYSE:EQT) seems to be best positioned to reap the benefits of the transformation. Not only does it run its vehicles on CNG and produce the natural gas like Chesapeake Energy Corporation (NYSE:CHK) and Range Resources Corp. (NYSE:RRC), but EQT owns and operates a fueling station.

In December 2012, EQT Corporation (NYSE:EQT) sold over six times more CNG than in January the same year. Now, it is expanding its station size to meet the growing demand. This brief analysis does not even consider the numerous federal and state incentive programs available to companies that utilize CNG. For instance, EQT Corporation (NYSE:EQT)’s CNG station was launched in part because of $700,000 made available through the Pennsylvania Department of Environmental Protection.

Conclusion
Natural gas is plentiful, drilling companies are looking to improve their bottom line, automakers are making new models, and government agencies are offering incentives. All of these items are correlated. By understanding the connection, investors can be first movers in an industry that could fuel their ambitious investing goals.

The article Natural Gas Is Fueling This Growing Industry originally appeared on Fool.com and is written by Brendan Marasco.

Brendan Marasco has no position in any stocks mentioned. The Motley Fool recommends General Motors and Range Resources. The Motley Fool has the following options: long January 2014 $30 calls on Chesapeake Energy.

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