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Dennis Gartman Recommends PGH, SJT, CHK, DVN, FAX, JRCC, ACI



January 06, 2010 – Comments (0)

Dennis Gartman Recommends PGH, SJT, CHK, DVN, FAX, JRCC, ACI


Posted on 01/06/10 at 6:11pm by Craig Jones

Weather forecasts from AccuWeather suggest that we can expect one of the coldest winters since 1985. Cold weather is threatening US, Great Britain, China and others and could hurt crops and livestock.

Dennis Gartman said on CNBC's Fast Money that the right trade on the weather forecast is natural gas and coal play. He recommends Pengrowth Energy Trust (USA) (NYSE: PGH), San Juan Basin Royalty Trust (NYSE: SJT [FREE Stock Trend Analysis]), Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN) and Aberdeen Asia-Pacific Income Fund, Inc. (AMEX: FAX [FREE Stock Trend Analysis]) as a good natural gas play.

Among the coal stocks, he likes James River Coal Company (NASDAQ: JRCC) and Arch Coal, Inc. (NYSE: ACI).

Pengrowth Energy (PGH [FREE Stock Trend Analysis]) jumped 2.27% today, while San Juan Basin Royalty Trust (SJT), Chesapeake Energy Corporation (CHK) and Devon Energy Corporation (DVN [FREE Stock Trend Analysis]) dropped 1.41%, 1.10% and 0.30% respectively. FAX gained 0.47% in today's trading session.

James River Coal (JRCC) spiked 7.33% and Arch Coal (ACI) jumped 6.35%.


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