The latest Baker Hughes survey showed rig count was flat W/W at 975. Active rigs rose slightly to 798.This is a positive development for natural gas and drilling stocks.Watch $UGAZ: $UGAZ, VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return / H1 $DO: $DO, Diamond Offshore Drilling, Inc. / H1 $RIG: $RIG, Transocean Ltd (Switzerland) / H1 Related ETFs: USO, UNG, OIL, UGAZ, UWT, DGAZ, UCO, DWT, SCO, BNO, BOIL, DBO, DTO, USL, KOLD, UNL, DNO, OLO, SZO, DCNG, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, GAZB, USOD, UBRT, DBRT, USAIRisk: UDW and natgas stocks have yet to bottom. The risk is high that the downtrend will continue. In particular, avoid Chesapeake Energy $CHK: $CHK, Chesapeake Energy Corporation / H1 Its debt burden is too high.