Seeking Alpha
 

VelocityShares 3x Inverse Natural Gas ETN (DGAZ)

- NYSEARCA
  • Fri, Jul. 31, 7:52 AM
    • According to Reuters, the value of merger and acquisition deals through July 30 was $436.4B, including 14 deals worth over $5B apiece. Although down from June's torrid pace of $546.8B, it still ranks as the seventh busiest month on record. Leading the pack was Teva's $40.5B purchase of Allergan's generic drugs business.
    • The top investment bank in terms of the total value of transactions was Goldman Sachs (NYSE:GS), involved in 35 deals worth $148.8B, including half of the top ten. JP Morgan (NYSE:JPM) was second with 30 deals worth $116.1B while Morgan Stanley (NYSE:MS) was third with 33 deals valued at $95.9B.
    • Global M&A so far this year is $2.64T, up 41% from last year. The action in the U.S. is up 66%.
    • Energy and healthcare are the leading sectors. There have been 1,557 deals in energy worth $407B. Healthcare is close behind with 1,577 deals worth $395B.
    • ETFs: UNG, USO, OIL, UGAZ, UCO, DGAZ, UWTI, BIB, SCO, BNO, BOIL, GAZ, DBO, DWTI, DTO, UGA, KOLD, USL, GRX, UNL, IRY, BIS, IXJ, DNO, BME, UHN, DBE, OLO, SZO, DCNG, GRN, RJN, FUE, OLEM, JJE, ONG, UBN
    | 1 Comment
  • Wed, Jun. 10, 2:45 PM
    • U.S. coal companies worried about the Obama administration’s proposed clean air rules actually face a bigger threat: cheap, abundant natural gas, which is crushing coal prices with no letup in sight, according to a Bloomberg report.
    • Shale formations in the eastern U.S. are yielding record amounts of gas, pushing prices of the fuel in the region below coal, which already had been 60% less expensive on average since 2001; as power generators use more gas, coal is piling up at the fastest rate since 2009.
    • U.S. utilities are on track to end 2015 with 171M tons of coal in reserve, the highest since 2012, says a BB&T analyst - “It’s going to be ugly,” says Doyle Trading's Hans Daniels. “When stocks build up like that, it just defers the pain for the coal companies.”
    • Most coal names are sharply lower: BTU -2.1%, ANR -9.7%, ACI -8.4%, CLD +0.9%, WLB -1.9%, CNX -1.1%, WLT -1.6%.
    • ETFs: UNG, UGAZ, DGAZ, KOL, BOIL, GAZ, KOLD, UNL, DCNG
    | 78 Comments
  • Fri, Jan. 16, 5:36 PM
    | 1 Comment
  • Dec. 22, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: VNDA +22.2%. EXK +4.6%. EGO +3.8%. DGAZ +3.7%. AG +3.6%.
    • Top losers, as of 5:15 p.m.: SCS -5.1%. UGAZ -2.7%. ACMP -2.6%. ALLT -1.6%. CSIQ -1.4%.
    | 4 Comments
  • Dec. 22, 2014, 10:45 AM
    • Natural gas prices fall 9.5% to near two-year lows at $3.133/mmBtu, in the biggest one-day percentage loss since February and the lowest intraday price since January 2013, on mild weather forecasts and inventory that is above year-ago levels.
    • Prices are now down more than 15% in three straight losing sessions and are 30% lower than the six-month high closing price of $4.489/mmBtu it hit just a month ago.
    • Weather has been unseasonably warm for December, limiting demand for home heating and allowing relatively low stockpiles to catch up to where they were a year ago and encouraging traders to sell based on the belief that supply is relatively healthy.
    • Gas producers are among the biggest early decliners: XOM -1.1%, CHK -7.3%, APC -2.6%, SWN -6%, DVN -2.2%, COP -2.3%, BP -1.5%, COG -4%, BHP -1.9%, CVX -1.3%, ECA -5.1%, EQT -4.3%, RDS.A -1.7%, UPL -12%, WPX -6.9%, EOG -1%, OXY -1.1%, RRC -6.1%, APA -2.3%, AR -3.2%, CNX -3%, QEP -4.8%, LINE -4.9%, NBL -1.6%, SM -2.6%, XEC -4.2%, PXD -2.9%, NFX -5.1%.
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, NAGS, DCNG
    | 47 Comments
  • Dec. 12, 2014, 5:39 PM
    | Comment!
  • Oct. 20, 2014, 11:53 AM
    • Last year's brutal winter left stockpiles at their lowest since 2003, but a production boom has essentially replenished those supplies ahead of the heating season, and the price of natural gas is at its lowest level of the year.
    • Stockpiles this spring were less than half of their 5-year average, but should be just 8.7% below normal by Nov. 1, according to the EIA.
    • Alongside the fall in prices, traders have cut long positions in natural gas futures to their lowest since August, according to the CFTC, a major reversal from the heavy bullish sentiment as the winter of 2013/14 wrapped up.
    • Weather forecasts aren't helping - the NOAA predicts heating degree days will be 12% lower than a year ago (below-normal temperature is still expected, but not as bad as last winter).
    • UNG -2.3%
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG
    | 19 Comments
  • Jul. 7, 2014, 3:59 PM
    • Chesapeake Energy (CHK -4.7%) suffers sharp losses as natural gas prices tumble to their lowest in nearly six months after weather forecasts over the weekend showed lower than expected temperatures ahead.
    • Cooling patterns expected to hit the U.S. midwest and northeast over the next 6-10 days have investors betting utilities won't need to burn as much natural gas in the weeks ahead, as summer demand for electricity to run air conditioners eases.
    • The absence of extreme heat has helped chip away at a record natural gas shortage following last year's unusually severe winter; last week, the EIA reported an eighth consecutive week of producers adding more than 100B cu. ft. of natural gas to storage.
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG
    | 7 Comments
  • Jun. 26, 2014, 10:49 AM
    • The EIA minutes ago reported an inventory build of 110 bcf vs. expectations for an increase of 102. Flat ahead of the print, August natural gas futures are off 2.2% to $4.469.
    • UNG -2.3%
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG
    | 6 Comments
  • May 1, 2014, 10:52 AM
    • The EIA reported 82B cubic feet of gas added to storage in the week ended April 25 vs. expectations for an add of 73B-77B. Total stocks now stand at 981B cubic feet, still way below the year-ago level of 1.77T and just half the 5-year average.
    • Trading around $4.80 per million BTUs ahead of the number, June futures dip further to $4.73. UNG -1%
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG
    | 3 Comments
  • Apr. 17, 2014, 10:53 AM
    • With natural gas in storage at more than a decade low, there needs to be plenty of inventory-building this spring and summer, but the season is off to a slow start with the EIA reporting a build last week of just 24 bcf vs. 36 bcf expected. Stocks today stand at 850 bcf, 50% off the level from one year ago and vs. a 5-year average for this time of year of 1 trillion cubic feet.
    • Futures jump in response, with the May 2014 contract up 4% to $4.707. UNG +3.5%
    • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG
    | 14 Comments
  • Mar. 4, 2014, 2:36 AM
    | 18 Comments
  • Mar. 3, 2014, 3:17 AM
    • U.S. Secretary of State John Kerry is traveling to Kiev today to "reaffirm the United States' strong support for Ukrainian sovereignty" as Russian troops take control of Crimea and threaten a full-scale invasion. In response, Ukraine has mobilized its reserves.
    • The U.S. has threatened to isolate Russia economically and is considering a range of sanctions unless it withdraws from Ukraine, including freezing assets, visa bans, action against banks and even expulsion from the G8. However, some European countries rely on Russia for energy so forging a widespread agreement on sanctions could be tough.
    • All sides are examining a get-out option for Russia that would involve sending international observers to Crimea and eastern Ukraine to protect the rights of ethnic Russians - one of Vladimir Putin's ostensible reasons for seizing Crimea - under any new government in Kiev.
    • The crisis has sent Russian markets tumbling and prompted the country's central bank to temporarily hike interest rates to 7% from 5.5%. The USD-RUB is +1.2% to 36.457 after earlier hitting 36.65. The  broad ruble-based MICEX stock index is -9.4% and the dollar-based RTS is -11.1%.
    • Previous
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, RUDR, GUR, ESR, USO, OIL, UCO, SCO, DBO, DTO, BNO, CRUD, USL, DNO, UWTI, SZO, DWTI, OLO, OLEM, TWTI,UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG
    | 16 Comments
  • Feb. 24, 2014, 9:56 AM
    • While forecasts for another brutal winter blast extending into March have sent natural gas prices to 5-year-highs (now above $6 per MBtu), money is exiting ETFs tied to the commodity. The largest of the funds - the U.S. Natural Gas Fund (UNG +0.3%) - has seen $366M, or about 36% of assets drain out this year. About $8M has flowed out of the $23M U.S. 12-month Natural Gas Fund (UNL +0.7%).
    • John Hyland - CIO of the issuer of the UNG - says this curious behavior (!) - is typical for the fund. "What you tend to see is  that spikes in prices generally are associated with drops in … shares outstanding ... This tends to surprise people since, although we all know that the object is to buy low and sell high, we are always shocked when people actually do it."
    • The flip side: Money has poured into funds which would profit when natural gas prices fall. The VelocityShares 3x Inverse Natural Gas ETN (DGAZ +0.7%) has attracted $449M this year.
    • Nat gas ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG
    | 4 Comments
  • Feb. 13, 2014, 3:11 PM
    • It's been a steady climb throughout the session for of-late wildly volatile natural gas prices (UNG +6.4%) following EIA data showing inventories 22% below the 5-year average and 30% less than last year's level. Added to that are weather forecasts for continued below-average temperatures in the U.S. for the next few weeks (though next week promises temps in the 50s in the mid-Atlantic region).
    • ETFs: UNG, UGAZ, DGAZ, GAZ, BOIL, UNL, KOLD, NAGS, DCNG
    | 8 Comments
  • Feb. 4, 2014, 12:00 PM
    • Natural gas (UNG +6.5%) is flying today amid a brutal winter in much of the country that just won't quit, and ahead of Thursday's supply numbers which are expected to show another near-record draw on storage.
    • There's also bottleneck issues in some of the Northeast, especially curious given the Marcellus production boom is nearby. Production growth from Marcellus reached 4 Bcf/day in 2013, but consumer prices have barely benefited (gone lower), notes the team at Goldman.
    • Related ETFs: UNG, UGAZ, GAZ, DGAZ, BOIL, UNL, KOLD, NAGS, DCNG
    | 12 Comments
Visit Seeking Alpha's
DGAZ vs. ETF Alternatives
DGAZ Description
The VelocityShares 3x Inverse Natural Gas ETNs linked to the S&P GSCI® Natural Gas Index ER (the “ETNs”) are senior, unsecured obligations of Credit Suisse AG (“Credit Suisse”) acting through its Nassau branch. The ETNs seek to provide inverse exposure to three times (3x) the daily performance of the S&P GSCI® Natural Gas Index ER (the “Index”) plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub