A New Contender in Natural Gas

Natural gas prices have fallen this month, as warmer weather and growing supply eased fears of a global power crunch. Natural gas stocks stalled, too. That gives investors another chance to buy into the industry.

One stock worth considering is Coterra Energy (ticker: CTRA), the product of a merger between two companies focused on natural gas—Cabot Oil & Gas and Cimarex. The new company is more committed than most of its rivals to returning cash to shareholders, and is well-positioned financially to benefit from strong natural...