This can't goes up forever. Vote for a price reversal below.
S
3 months ago $UNG conversation well, i said yesterday that we would see $6 or so and i think we saw $7.35 for natural gas. if things keep at the pace we should see steady $6 + maybe $6.85 march gas and this will shore up UNG and maybe see $26 to $28 for UNG in the next few weeks
ReplyReplies (3)121
B
Glad UNG is giving me green in the portfolio today! YIKES!
R
Nat gas down 3% +/- Ung down .85% +/-
Impressive performance.
P
Have you guys ever heard of (http://Themaxgains.tech)? The picks on there are way better than UNG
J
$natgas is way above it's 200MA. Every time this has happened in the past, there has been a sharp pullback. UNG trades above it's NAV. Political pressure is mounting against high energy costs for consumers. Global recession means less demand. Summer = warmer weather. But hey...there is a bullish speculative case to be made...apparently.
S
Start the conversation Stanley a gain of 89 B in storage is a number to be questioned! the number is problematic. Sometimes when they report a number that is favorable to the big money guys they will have an omission of a mistake that causes the number to be low and will have a large gain next week GuidelinesPost Temporary Network Error. Please try again later.
G
Natural gas only commodity up over 4.8% today. Europe in need of all the LNG they can get regardless of the high prices. GLTA
R
We Fall....................
J
My target remains $37.10.
c
Why would anyone invest in an LP, that does not pay a dividend, and with such a high expense ratio?
Someone clue me in, please.
R
Once upon a time (election noise) it was all about renewable energy. Solar, wind, hydro, nuke, etc.
Well, a lot of the renewables like cwen or bep are at 52 week lows!!
Oil, nat gas and even coal are at multi year highs!!
We will always need multiple sources of energy, always. Energy markets always correct.
D
Glad I bought 110 Jan 2024 put options (11K shares) yesterday when UNG hit $28. If it goes back up above 29 ( and it may well do that ) I'll buy more. And I'll buy again if it goes past 31 and 33 etc. I'll keep buying Jan 2024 put options because that gives me 21 ~ 22 months for the price of UNG to drop back down and make a good profit. Historical patterns support this strategy. Worth the risk for me.
J
Chart looks great for a run to 40.00. ALL ABOARD!
G
Like all natural resources there is a finite supply of natural gas. Demand for natural gas use will continue to increase despite development of alternative energy sources. I'm staying long knowing that cost, availability and convenience is what drives demand.
b
should still make new highs today
j
Who knows why UNG is falling sharply (9% today )??????
R
One thing for certain, when Im wrong, Im wrong big..........
$UNG conversation
well, i said yesterday that we would see $6 or so and i think we saw $7.35 for natural gas. if things keep at the pace we should see steady $6 + maybe $6.85 march gas and this will shore up UNG and maybe see $26 to $28 for UNG in the next few weeks
ReplyReplies (3)121
Ung down .85% +/-
Impressive performance.
Stanley
a gain of 89 B in storage is a number to be questioned! the number is problematic. Sometimes when they report a number that is favorable to the big money guys they will have an omission of a mistake that causes the number to be low and will have a large gain next week
GuidelinesPost
Temporary Network Error. Please try again later.
Someone clue me in, please.
Well, a lot of the renewables like cwen or bep are at 52 week lows!!
Oil, nat gas and even coal are at multi year highs!!
We will always need multiple sources of energy, always. Energy markets always correct.