From Motley Fools:

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Considering the depressed state of natural gas, there's an awful lot of interest heating up in the sector. We're awash in a sea of natural gas, yet with all the talk of expansion going on, it looks like that's not about to change anytime soon. Baker Hughes reported last week that industrywide natural gas rig counts in the U.S. had risen again to 941, some 42% more than last July when the rig count bottomed at 665. Little wonder then that the most active natural gas contract was off 20% for the month of March and down 31% for the quarter.

The Marcellus Shale is the focus again these days, with Dominion Resources (NYSE: D) selling Appalachian E&P assets to CONSOL Energy (NYSE: CNX) and Atlas Energy possibly partnering up with India's Reliance Industries. Even Sempra Energy might tag along.

While prices are depressed, if the long-sought-after economic recovery ever rolls through, gas prices could stage a rally. And Atlas, after seeing proved reserves grow to over 1 trillion cubic feet equivalent from continued development of its Marcellus acreage, would be a beneficiary. It was the addition of more than 3,100 drilling locations in the shale deposits there that had CAPS member EnigmaDude joining the Atlas bulls.

Although 88% of CAPS members rating the independent gas producer believe it will outperform the market, some 92% of the All-Stars on the Atlas Energy CAPS page believe it will surpass the returns of the broad market averages