Making Hay While The Sun Shines

In this case, the sun is the plummeting price of natural gas. Utilities are "making hay" buying up natural gas companies.

I have been opining for some time now that something is up in the natural gas business. I continue to see more stories validating my hunch that natural gas will be the bridge to a new energy framework for the United States. T. Boone Pickens and others have advocated for increased use of natural gas in the US but to date not much seems to have changed. But I think, off the radar scope, smart folks are buying up natural gas at bargain-basement sale prices.

In today's Boston Globe there is another report of utilities buying natural gas companies. Utility company UIL will buy three natural gas companies this year: Southern Connecticut Gas Co., Connecticut Natural Gas Corporation, and the Berkshire Gas Company. These companies serve customers in Massachusetts and  Connecticut.

[October 11, 2014: the Boston Globe link is broken; the story is available at Reuters.]