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NAGS vs. ETF Alternatives
The Teucrium Natural Gas Fund (NYSE: NAGS) provides investors unleveraged direct exposure to natural gas without the need for a futures account. The Teucrium Natural Gas Fund was also designed to reduce the effects of contango and backwardation. As a result of the diversified futures structure the Fund has also been specifically designed to reduce the cost of rolling the investment when compared to other funds that hold only a single month.
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Monday, Mar 33:17 AM
Monday, Mar 33:17 AM| 16 Comments
- 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%.
- 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
Monday, Feb 249:56 AM
Monday, Feb 249:56 AM| 4 Comments
- 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
Thursday, Feb 133:11 PM
Thursday, Feb 133:11 PM| 8 Comments
- 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
Tuesday, Feb 412:00 PM
Tuesday, Feb 412:00 PM| 12 Comments
- 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
Tuesday, Jan 288:01 AM
Tuesday, Jan 288:01 AM| Comment!
- After a quick decline yesterday as temperatures actually pushed above 30 in some parts of the northeast, natural gas is up more than 5% this morning as the door to the arctic freezer swings open again for several more days.
- The move brings the price back over $5 per mmBtu.
- UNG +2.9% premarket
- Related ETFs: UNG, UGAZ, GAZ, BOIL, DGAZ, UNL, KOLD, NAGS, DCNG
Friday, Jan 242:45 PM
Friday, Jan 242:45 PM| 39 Comments
- 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.
Thursday, Jan 1610:24 AM
Thursday, Jan 1610:24 AM| 1 Comment
- 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
Friday, Jan 311:24 AM
Friday, Jan 311:24 AM| Comment!
- Mildly supportive EIA inventory numbers aren't enough to pull oil out of a big slide begun just before the new year. Off 1% today to $94.50 per barrel, February WTI crude was over $100 on December 27. USO -1.3%.
- Natural gas is steady as the EIA reports a 97 bcf draw on inventories. Total stocks of 2.974 tcf are off 562 bcp from a year ago, and 289 bcf below the 5-year average. UNG +0.3%.
- Crude ETFs: USO, OIL, UCO, SCO, DBO, DTO, BNO, CRUD, USL, DNO, SZO, UWTI, OILZ, DWTI, OLO, OLEM, TWTI
- Nat gas ETFs: UNG, UGAZ, GAZ, BOIL, DGAZ, UNL, KOLD, NAGS, GASZ, DCNG
Thursday, Jun 272013, 11:56 AMNatural gas (UNG -4.5%) plummets following a larger than expected inventory build as well as a continued outlook for moderate summer temperatures in the Northeast. Total stocks now stand at 2.533T cubic feet, off 522B from a year ago, and 31B below the 5-year average. |Thursday, Jun 272013, 11:56 AM| 10 Comments
Thursday, Jun 62013, 10:45 AM
Thursday, Apr 182013, 12:59 PMNatural gas (UNG +4.2%) rises to its highest price since mid-2011 after a smaller-than-expected add to stocks. At play here, suggests Tradition Energy, is an unusually cold spring adding to heating demand. Warmer temps and the looming restart of idled nuclear plants could limit future gains. |Thursday, Apr 182013, 12:59 PM| 3 Comments
Friday, Apr 52013, 10:32 AMBill Barrett (BBG +5.2%) is upgraded to Buy from Neutral at Goldman Sachs, which believes the surplus in natural gas is over and prices should rise to the upper end of $4.00-$4.50 per MMBtu. Goldman says BBG is "in the early stages of an improving resource base trading at an attractive valuation likely to be supported by rising gas prices." COG +2.5%, SWN +2%. |Friday, Apr 52013, 10:32 AM| Comment!
Monday, Mar 182013, 10:24 AMNatural gas is threatening $4/MBTUs for the first time in 17 months as winter has shown no sign of exiting and MDA Weather Services is predicting lower-than-normal temps for most of the country for the rest of the month. "We could see three more weeks of (storage) withdrawals" at a time when most are positioned for additions, says an analyst. UNG +2.5%. |Monday, Mar 182013, 10:24 AM| 9 Comments
Friday, Feb 152013, 12:02 PMNatural gas names such as Chesapeake (CHK -1.4%), Petroquest (PQ -3.8%) and EOG (EOG -2.7%) slump after experts say the Marcellus Shale gas boom will slow this year as drillers wait for pipelines to expand, new markets to develop and wholesale prices to rise. Hiring has tapered off, a big difference from recent years when production soared and companies spent billions on leases, well drilling and infrastructure. |Friday, Feb 152013, 12:02 PM| 6 Comments
Monday, Jan 282013, 10:47 AM
Wednesday, Jan 22013, 2:10 PMGas producers are missing out on today's rally, as a forecast that colder-than-average weather in most of the U.S. this week would give way to above-normal temperatures leads to a sharp drop in natural gas prices. The late-2012 run-up in nat gas was driven by hopes of a cold winter and not fundamentals, Argus’ Phil Weiss adds. COG -3%, CNX -3.9%, BTU -3.2%, EQT -1.8%. |Wednesday, Jan 22013, 2:10 PM| Comment!