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ProShares UltraShort Bloomberg Natural Gas ETF (KOLD)

- NYSEARCA
  • 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
  • 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. 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
  • Jan. 28, 2014, 8:01 AM
    | Comment!
  • Jan. 24, 2014, 2:45 PM
    • As the U.S. freezes and stocks plunge, benchmark U.S. natural gas futures topped $5/mmBtu for the first time since Aug. 2010 on expectations that continued cold weather would keep demand high for the heating fuel.
    • Natl gas has moved well into overbought territory during the last few days as consumers have pumped up their thermostats, and the spike may last a while longer given that the cold snap is set to continue all of next week.
    • Despite the run-up in prices for Jan. and Feb., longer-dated prices for the spring and summer remain below $4.50/mmBtu, providing little incentive for the likes of Chesapeake (CHK -0.1%), Devon (DVN -0.8%) and EOG (EOG -2%) to switch from oil to gas drilling.
    • The shift to backwardation is a big boost to United States Natural Gas Fund (UNG +8.2%) and even bigger to the leveraged VelocityShares 3X Long Natural Gas ETN (UGAZ +24.4%).
    • Other ETFs: GAZ, BOIL, DGAZ, UNL, KOLD, NAGS, DCNG.
    | 39 Comments
  • Jan. 16, 2014, 10:24 AM
    • It's another big day in the natty pits ahead of the EIA storage report, with consensus estimating a record draw of 299 billion cubic feet pulled amid early January's polar vortex freeze.
    • Meanwhile, MDA Weather Services is calling for another brutal cold snap in its 11-15 day forecast.
    • UNG +3%
    • ETFs: UNG, UGAZ, GAZ, BOIL, DGAZ, UNL, KOLD, NAGS, GASZ, DCNG
    | 1 Comment
  • Jan. 3, 2014, 11:24 AM
    | Comment!
  • May. 1, 2013, 10:41 AM
    Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%).
    | 5 Comments
  • Mar. 5, 2012, 2:17 PM
    Select coal names take a beating off of a double whammy of a drop in natural gas prices and word that China cut its GDP target. Big movers: PCX -9.1%, JRCC -8.6%, ANR -6.6%, BTU -4.6%, OXF -9.5%.
    | 1 Comment
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KOLD Description
ProShares UltraShort Bloomberg Natural Gas seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Natural Gas SubindexSM.
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