United States Natural Gas Fund, LP (UNG)

All Comments on UNG

  • commenter
    blanco-dee
    Sep 01 09:31 AM
    A Compelling Energy Ratio [view article]
    MDC has some excellent insights on just what might happen in a bearish energy market,

    some of us investors just buy positions for the future, and options are downright dangerous,

    I'll just sit back and wait for the next upturn , because the downturn is likely to be ugly. Even though oil prices are still high, and coming down they will mark the beginning of incredible bargains for developing long positions as nat gas stocks take a nosedive again.

    Its a market alright - and the short term mentality of so many traders in options shows how insane it gets in highly volatile trading markets. I would hope that the news-meisters would recognize that many are truly investors in energy over the long term, and that it isn't the high price of commodities that makes us all look bad - its the promotion of short term trading strategies for a quick buck that we all have to live with.

    whipsawn again,

    so much for patience.     Reply
  • commenter
    mikengineer
    Sep 01 09:27 AM
    More on Russian Gas [view article]
    Sure! Trust the Putin, Chavez and Saudees Reply
  • commenter
    basehitz
    Sep 01 09:11 AM
    A Compelling Energy Ratio [view article]
    Your technical analysis makes sense. The previous poster noting storage is bearish, but everyone knows that already. The forecast I've heard for a cooler winter is bullish. The economy/demand is bearish. Politics are bullish (international tensions and US likely Dem win in Nov). . . Opposing arguments are both strong. Perhaps that is the reason for the volitility. And that is exactly what I'm playing. So the volume spike/selloff I bought aggressively but sold the previous spike > 40. Tomorrow looks like another drop, will add. If we get a huge drop like previous poster talked about (I've heard other energy traders warn of the early 90's), good to keep some powder dry. Opportunity to trade almost daily. But I agree the long term is bullish so that is the bias.

    Reply
  • commenter
    CLH
    Sep 01 09:06 AM
    More on Russian Gas [view article]
    Your conclusion I agree with. Energy independence is nonsense. The only real replacement for oil and gas is nuclear. Reply
  • commenter
    MDCigan
    Sep 01 03:59 AM
    A Compelling Energy Ratio [view article]
    "Given that cooler weather will begin to make itself felt in the weeks to come, the prognosis for natural gas looks promising."

    Not sure what you mean or are implying here, but cooler weather is most certainly NOT bullish for NG.

    *EXTREME* temperatures, either extreme heat or extreme cold are bullish for NG, because that results in either substantially increased air conditioning which increases usage of NG generated electrictity, or increased NG usage for heating. The *WORST* possible situation is middle of the road temperatures (slightly warm or cool) because then you have NEITHER air conditioning nor heating, and thus NG usage drops off considerably.

    I'd be careful with using this ratio at this time, because there may be some strong bearish factors for NG at play. One could be that crude oil prices continue to drop substantially if global demand is weakening, and secondly there is a ton of domestic production presently. Look at the last month or so of actual storage numbers versus estimates. Not bullish.

    I'm long some NG producers (CHK and XTO) but definitely concerned about downside at the present. Buying UNG here might be risky. 4-6 might very well be in the cards.     Reply
  • commenter
    steve Ward
    Sep 01 03:53 AM
    Obama's Green Promise [view article]
    Most of ole T. Boone's gas for our future transportation fuel,-that frees us from the clutches of OPEC and Russia, comes from un nvebntional resources that require alot of water to produce.
    Will be interesting to see the O'Bama Administration
    pick through the minefield of enviro nuts as to what they are going to do, Enviro nuts don't like oil and gas men messin with the water.

    But have no fear--after a couple of indecisive years in office the Republicans take over Congress again and justlike Clinton a Republican Congress will resurrect O'Bama and suddenly O'Bama is a big advocate of drilling and a big advocate of liberal this and liberal that as well.
    And just like Clinton he gets re-elected with the help of a Republican Congress that saves his butt, just like Clinton.
    The R's will give him direction and something to say he accomplished and something to oppose.
    Gee, sounds like the roaring 90's all over again.     Reply
  • commenter
    ndm
    Aug 31 11:00 PM
    NBC Refuses Pickens Plan Ad [view article]
    only if NBC was as diligent about the news both political parties put out... Reply
  • commenter
    Loopy
    Aug 31 09:50 PM
    Obama's Green Promise [view article]
    Keep digging the furrow deeper in your brains so you can continue the one track tax chant while ignoring billions squandered and just plain vanished in Iraq and you don't even care.
     Reply
  • commenter
    firboy4
    Aug 31 09:42 PM
    Obama's Green Promise [view article]
    I'm all for taxing gas to keep it high. I would want to ensure that these taxes could only go towards subsidizing solar and a few other renewable energy resources. However, that's harder than it seems. As one person commented, some politicians would probably find ways to divert the taxes to other things. Even if they didn't, these politicians would see that they have more money overall to spend. But I still think it's worth a try, or maybe we should just make sure that our representatives promise to use a certain amount of money for alternative energy, and also tax gas to keep it high, but make these two acts independent of each other.

    I liked Obama's idea of using 150 billion dollars to get us off of dependence on foreign oil. It's probably not enough money but it's a start. I just wish we had not spent all of that money and a lot more on a war. We could have used it as Obama is planning to do.

    Anyway, I think it's a good article.     Reply
  • commenter
    Loopy
    Aug 31 09:34 PM
    Obama's Green Promise [view article]
    In June, 1979, President Jimmy Carter proposed a “new solar strategy” to “move our Nation toward true energy security and abundant, readily available energy supplies.” In an effort to set an
    example for the country, Carter had solar panels installed on the roof of the White House West Wing. One of Ronald Reagan's 1st acts as president was to remove the solar panels.     Reply
  • commenter
    DougM
    Aug 31 08:43 PM
    Obama's Green Promise [view article]
    You propose an import tax on oil to make it more attractive for companies to produce more oil at home. News flash: it's *already* plenty attractive for them. They go literally to the ends of the earth to find oil and yet still can't replace their reserves. They're being tossed out of the most promising areas abroad by the likes of Chavez and Putin. What's stopping them here then? Obama, Pelosi, and Reid have slammed the door in their faces on our most promising resources. An import tax may or may not be a good idea, but by itself it won't be enough to raise production at home. The most likely effect is that it will raise prices on consumers (good, because it will get them out of wasteful SUVs) and create a profit windfall for the companies as their remaining domestic reserves rise in value to the new market price inside the country. Reply
  • commenter
    JOETRADER
    Aug 31 05:29 PM
    Obama's Green Promise [view article]
    gee jjason - you must have very a large microwave oven. where do find one of those? Reply
  • commenter
    Matt
    Blackman
    Aug 31 05:02 PM
    My Website
    Spreading Oil and Natural Gas: A Post-Labor Day Plan [view article]
    Brad;
    Excellent analysis! I also wrote about the NG/Oil spread this week at
    tradesystemguru.com/co...

    Steve Moore in his excellent reference The Encyclopedia of Commodity and Financial Spreads (Wiley 2006) ( ca.wiley.com/WileyCDA/... ) notes that a strategy to buy Nov natural gas calls and sell Oct NG calls on Aug 29 and exit Sept 14 has a 100% win ratio over the last 15 years... Nothing to sneeze at.     Reply
  • commenter
    jjason
    Aug 31 03:29 PM
    Obama's Green Promise [view article]
    Some good points and lots of misinformation from you bloggers.

    But none of you talk about:

    stopoilspeculationnow..../

    WAKE UP AMERICA!!!

    Take the link and do something to stop the speculation in commodity futures.

    Also, I use solar and my microwave to heat hot water. I have an empty 250 gallon fuel oil tank. I am looking into solar heat and electricity.

    My electric bill in the summer is about $28.00 a month...I hardly need AC in NEPA.

    A bitter guy in PA. who LOVES OBAMA AND BIDEN.

    OBAMA / BIDEN 08     Reply
  • commenter
    aullman
    Aug 31 03:23 PM
    My Website
    Obama's Green Promise [view article]
    Most of the proposed alternative fuels are going to take time and money to develop. An effective energy policy needs to include programs to reduce consumption and increase efficiency of energy consumption.

    There is a real easy solution to reducing consumption and increasing efficiency for daily commuters. Currently, the roads are congested by daily commuters driving back and forth from home to some centralized office. In this time of high speed internet, VOIP, VPNs and conference calling, there is no reason for workers to commute across town each day.

    Remote Office Centers make it possible for workers to work remotely from an office near where they live. Remote Office Centers lease individual offices, internet, and phone systems to workers from different companies in shared centers located around the suburbs.

    Remote Office Centers are fairly new, but can be found in most cities by doing a web search for "Remote Office Centers" in quotes.

    Alternative fuels are needed, but they are going to take time to develop. For both the short and long term, this country needs to make sure it is using energy as efficiently as possible. Driving back and forth to an office that could just as easily be located down the street is not an efficient use of oil.

    Many people need to be onsite to work, but these workers can still gain the benefit of lower overall gas demand and less cars on the road.

    America has always been good at innovating. Innovation is just a matter of using existing technology in a new way. Rather than wait for new technology, American workers can start working remotely using existing technology and save oil immediately.     Reply
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