The United States 12 Month Natural Gas ETF, LP (UNL) - NYSEARCA
  • Fri, May 13, 11:28 AM
    • Natural gas producers have been among the stock market’s worst performers in recent years, but this year they have ranked among the best amid signs a glut could shrink soon.
    • Four of the nine top performing S&P 500 stocks YTD are natural gas producers, making them among the best-returning commodity stocks and outperforming peers in oil; Southwestern Energy (SWN -1.5%), Range Resources (RRC +1.5%), Cabot Oil & Gas (COG +0.1%) and EQT (EQT -0.4%) were up more than 35% so far this year.
    • Indications of easing supply have helped natural gas prices rebound 31% over the past two months after hitting new lows in March, but the question now is whether the rally marks the start of a powerful turnaround in gas prices, supported by deep cuts from producers, or a short-lived surge based on optimistic forecasts.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, KOLD, UNL, DCNG
    | Fri, May 13, 11:28 AM | 3 Comments
  • Mon, Feb. 1, 8:29 AM
    | Mon, Feb. 1, 8:29 AM | 20 Comments
  • Thu, Jan. 21, 3:49 PM
    • Crude oil futures settled more than 4% higher on the back of perceived oversold conditions, despite a higher than expected inventory build; March WTI jumped 4.2% to settle at $29.53/bbl after trading as high as $30.25, while Brent surged 4.9% to $29.25.
    • Crude prices were supported by the inventory increase in this morning's EIA report, which was less than the API’s report released on Wednesday, says Phil Flynn, senior market analyst at Price Futures Group; also, reports of Libyan oil tanks on fire eased speculation that Libya would be exporting more oil soon.
    • Also supportive for prices, oil production in the lower 48 states edged lower for the first time in seven weeks, “which is at least ‘less bearish’ for the extremely oversupplied global oil market,” says Tyler Richey of The 7:00’s Report.
    • The energy sector is bouncing after hitting a multiyear low yesterday: XOM +1.4%, CVX +2.7%, RDS.A +3.8%, BP +3.7%, TOT +2.3%, STO +4.5%, COP +6.2%, MRO +12.2%, APC +10.3%, OXY +2.1%, EOG +6.4%, PXD +2.7%, APA +8.2%, HES +7%, KMI +15.5%, EPD +3.3%, ETP +6.8%.
    • ETFs: UNG, USO, OIL, XLE, UGAZ, UCO, DGAZ, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, BOIL, GAZ, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, KOLD, BGR, USL, XES, IYE, IEO, UNL, IEZ, DNO, FENY, PXE, PXI, FIF, PXJ, OLO, SZO, NDP, RYE, DCNG, FXN, OLEM, DDG
    | Thu, Jan. 21, 3:49 PM | 116 Comments
  • Wed, Jan. 20, 3:48 PM
    • Southwestern Energy (SWN +13.2%) reverses sharp early losses and power to strong gains, as gas-focused E&P companies may be seen as a safe haven for investors seeking energy stocks but are anxious to avoid exposure to crude oil prices near 13-year lows.
    • "Gas is actually gives a bit of stability here,” Subash Chandra, managing director of Guggenheim Securities, tells Bloomberg, as gas producers already have adjusted to lower prices and are taking measures to stem a supply glut, similar to the one that crude oil is now navigating.
    • Other notable gas-focused gainers today include Chesapeake Energy (CHK +5.8%), EQT Corp. (EQT +3.5%), Cabot Oil & Gas (COG +3.6%), and Range Resources (RRC +7.1%).
    • "Gas has absolutely nothing to do with oil,” Oppenheimer's Fadel Gheit says, adding that the equities will advance if nat gas reaches $3.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Wed, Jan. 20, 3:48 PM | 43 Comments
  • Dec. 8, 2015, 12:27 PM
    • Wholesale gas for January delivery has nosedived, dropping 6.3% just this week to just above $2/MMBtu, the lowest for any January-delivered futures contract in 17 years and sinking shares of the biggest gas producers.
    • The traditional pattern is for U.S. gas use to soar in January, as an exceptionally warm start to the cold weather season has undercut forecast gas consumption thanks to El Niño effects that have caused mild temperatures across big northern cities such as New York and Chicago.
    • Meanwhile, gas production from areas such as the Marcellus Shale of Pennsylvania and Utica Shale of Ohio has kept rising in spite of lower prices.
    • Chesapeake Energy (CHK +0.4%) has dropped 18% in the past week, Cabot Oil & Gas (COG +3.2%) has lost 9%, and EQT (EQT +0.3%) has slid 7%.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Dec. 8, 2015, 12:27 PM | 32 Comments
  • Nov. 20, 2015, 3:54 PM
    • U.S. natural gas in storage cracked the 4T cf level for the first time, according to the latest data from the Energy Information Administration, 10% higher than a year ago and nearly as much gas as the U.S. can store - a milestone that "should terrify energy investors," writes Heard On The Street's Spencer Jakab.
    • Inventories traditionally peak at the end of the April-October season when heating demand for the fuel is low or nonexistent, but despite subdued new drilling activity, the EIA thinks storage at the end of Q1 2016 will end with a far higher than usual 1.9T cf, which creates a risk of storage filling up even sooner in next year's April-October period.
    • Jakab says the situation will add to the woes among beleaguered natural gas producers, some of which are in financial distress - which could grow more acute; in related news, Chesapeake Energy (CHK -5.6%) is down another 5% today, recording new multiyear lows.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Nov. 20, 2015, 3:54 PM | 79 Comments
  • Oct. 27, 2015, 11:34 AM
    | Oct. 27, 2015, 11:34 AM | 40 Comments
  • Oct. 26, 2015, 2:18 PM
    • Natural gas futures are down ~8% as supplies rise toward record levels amid expectations of a warm start to the winter, sending shares of energy companies with heavy exposure to natural gas sharply lower; CHK -8.7%, SM -7.7%, RRC -7.4%.
    • Adding to the volatility is the expiration of the November futures contract Wednesday, which recently was trading at $2.06/MMBtu, a level last seen in 2012.
    • "This could be a blow off bottom," says Again Capital's John Kilduff, who says the price is hit by expectations that a record amount of natural gas will soon be in storage; weekly data show gas storage at 3.81T cf vs. a record 3.93T cf in November 2012.
    • Weather forecasts released last night called for “significant warm trends” across much of the U.S. in the next two weeks, according to MDA Weather Services.
    • Crude oil prices also are lower, as lingering concerns over a global supply glut and weakening demand send prices toward their lowest settlement in six weeks.; WTI -1.5% at $43.95/bbl, Brent -0.8% at $47.61.
    • ETFs: UNG, USO, OIL, XLE, UGAZ, UCO, DGAZ, UWTI, VDE, ERX, OIH, SCO, BNO, BOIL, GAZ, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, KOLD, BGR, USL, IYE, UNL, DNO, FENY, FIF, PXJ, OLO, SZO, RYE, DCNG, FXN, OLEM, DDG
    | Oct. 26, 2015, 2:18 PM | 44 Comments
  • Jul. 31, 2015, 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
    | Jul. 31, 2015, 7:52 AM | 1 Comment
  • Jun. 10, 2015, 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
    | Jun. 10, 2015, 2:45 PM | 78 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
    | Dec. 22, 2014, 10:45 AM | 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
    | Oct. 20, 2014, 11:53 AM | 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
    | Jul. 7, 2014, 3:59 PM | 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
    | Jun. 26, 2014, 10:49 AM | 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
    | May 1, 2014, 10:52 AM | 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
    | Apr. 17, 2014, 10:53 AM | 14 Comments
UNL Description
The United States 12 Month Natural Gas Fund, LP ("UNL")
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