Lyondell Basell Industries NV (LYB/NYSE)

The position: Recent short

Why don’t you like it? This chemical company has benefited from low U.S. natural gas prices and management has done a good job of executing, coming out of its recent bankruptcy protection.

However, Burchell believes gas prices will edge higher and noted the stock’s valuation is above its historical range.

“Don’t get me wrong, the management team has done a great job, I just worry that the stock is a crowded long,” he said.

Potential positive: Natural gas prices remain

low.