The following excerpt from Matt Badiali's interview. He is editory of a monthly natural resource investment newsletter (S&A Resource Report).

"MB: Yes. On the natural gas side, the price outlook is not good; so I would steer clear of the big natural gas producers, companies that are carrying a lot of debt absolutely need gas above $4.25 per 1,000 cubic feet to make their margins. But because we're at or near the bottom of the natural gas price cycle, for investors who aren't thinking about making a profit in the next six months and don't mind making 10% for a couple of years, those natural gas royalties are excellent vehicles.

Now, oil. Oil prices are well outside of the logic of supply-and-demand reasoning. Right now, they reflect a lot of emotion. I am concerned that the same emotion will carry through the summer, if we get a couple more bits of bad news. I've been really worried about tensions in Iran keeping oil prices up in the high $80s and low $90s. Now we have to worry about the fallout from the disaster in the Gulf of Mexico. It's a very emotional issue. If a couple of big hurricanes clobber the Gulf Coast this year—and they're saying it's going to be a very active hurricane season—the price of oil could really spike. If it does, some of the on-shore biggies, out of the danger zone from hurricanes—such as Suncor, Exxon Mobil, Denbury Resources—might snag an easy 35% to 40% this summer, if you buy them now.

That takes care of liquid gold. I know we're talking energy here, but investors absolutely, positively have to own gold stocks now. For the conservative folks, buy Newmont Mining Corp. (NYSE:NEM), buy Barrick Gold Corporation (NYSE:ABX; TSX:ABX), buy Goldcorp Inc. (NYSE:GG; TSX:G). This is an unbelievable bull market, one that you just absolutely have to get your money into. That's it."