Michael B. Krause

UNG Hasn't Changed the Laws of Natural Gas Supply and Demand

Contrarian to himself.... Probably will work, just because it is the opposite of what makes sense to him.

Feb10 gas is already 5.71. If front month did nothing, UNG would still be in the mid-12s as gas prices had recovered more than 50%. Strong contango is hard to fight. The bright side: if storage fills up and price can't go any lower even after producers are forced to shut in production, maybe that'll catalyze a big move up? Maybe, maybe not. Flip a coin.