United States Natural Gas Fund, LP (UNG)
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UNG Forum Topics
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- General Discussion on UNG
- New Technology Makes Natural Gas a Viable Replacement for Oil [view article]
- Oil Industry: Farewell, Good Old Days [view article]
- Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
- U.S. Automakers Can't Afford to Overlook Natural Gas Opportunities [view article]
- Recent World Events Are Bullish for Metals [view article]
- Two Ideas to Capitalize on Distressed Sellers [view article]
- Carbon ETN Outpaces Oil and Natural Gas ETFs [view article]
- NBC Refuses Pickens Plan Ad [view article]
- Today's True Safe Haven Investments [view article]
- Bespoke's Commodity Snapshot (9/22/08) [view article]
- Commodities Meltdown as Dollar Surges [view article]
- 5 Ways to Diversify Away from the Dollar [view article]
loading ...Recent UNG Articles
- Oil Industry: Farewell, Good Old Days
- Two Ideas to Capitalize on Distressed Sellers
- New Technology Makes Natural Gas a Viable Replacement for Oil
- U.S. Automakers Can't Afford to Overlook Natural Gas Opportunities
- Carbon ETN Outpaces Oil and Natural Gas ETFs
- Some True Safe Havens Are Still (Surprisingly) Undervalued
- 5 Ways to Diversify Away from the Dollar
- Natural Gas To Play Larger Role in Many Markets
- Bespoke's Commodity Snapshot (9/22/08)
- Fed Up Friday: Green Day in the Offing
- Full List of Articles »
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Wednesday Outlook: Commodities, Emerging Markets [view article]
looks like big money still in the sidelines... ReplyWednesday Outlook: Commodities, Emerging Markets [view article]
Thanks for the graphs and explanations - always looking forward to your articles! ReplyWednesday Outlook: Commodities, Emerging Markets [view article]
Great TA, as always. I'm surprised you didn't mention the very, very weak volume in the markets. ReplySpreading Oil and Natural Gas: A Post-Labor Day Plan [view article]
not sure if anyone mentioned this but why is UNG trading at $33 with NG at $7.20? The two previous times UNG traded at $33, NG was 4.50 and 5.10. I'm assuming the volume in UNG is far larger and it's a one way trade but does anyone else have anything to add to why there is such a difference in the spread? Thanks. ReplyNBC Refuses Pickens Plan Ad [view article]
did not tbooone's mesa power buy 600 + wind turbines from GE?Seems like he has some stroke here. Reply
Editor
Spreading Oil and Natural Gas: A Post-Labor Day Plan [view article]
If you trade oil and natural gas, one long and one short, whether you know it or not, the NYMEX clearinghouse will count the two positions on your broker's book as a spread.The reason for variances in the spread, again, relate to the energy equivalence of crude oil and natural gas. Power plants, for example, can be designed to run on oil or gas. The decision to opt for one fuel over another will be made by engineers based upon the prevailing and projected cost per unit of energy.
To say "convergence without correlation is not possible" is nonsense. Correlation measures directionality, yet the spread can improve for the trader whether the two commodities move in concert or in disparity with one another, as long as the DEGREE of movement is favorable.
Once again, it's a SEASONAL trade with a duration of only 3 1/2 months, not a long-term position. Reply
Spreading Oil and Natural Gas: A Post-Labor Day Plan [view article]
Shouldn't the ratio of futures contracts for energy equivalency be 5.8 nat gas vs 10 crude? Nat gas is 10,000 mmbtu/contract and 58 long contracts of NG vs only 10 short crude would have had seriously bad consequences post Gustav. ReplyMore on Russian Gas [view article]
Fred, who in their right mind would invest in Russia with the very real threat of seeing their investment nationalized? ReplyMore on Russian Gas [view article]
Hey Fred, regarding hanging Afghan poppy production on Reagan. They've been growing it for centuries. How about blaming those responsible for the bump in production, The Taliban.flstearns-I agree Plain's experience isn't as much as a VP candidate should have. The trouble is, Obama has even less experience and he's running for the top job. At least Palin, who may never be the President if her tocket wins, should have the opportunity to get some on the job training.
jjason-Are you going to spam every thread with your Obama drivel?
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Crazy 2008 [view article]
Today wasn't just crazy, it was demented with money pouring into the market (the DOW), then draining out. Oil down despite the fact that 14 refiners are shut down in the Gulf and a lot of the oil business may take weeks to restart. Not to mention that gasoline stocks are low. Funny crazy, and not in a good way. Damage losses in the area are in the many billions and more hurricanes are stacked up and headed our way.And all that is the least of it. The financial fundamentals haven't changed. Go, resources. Go, commodities. Go, gold.
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NBC Refuses Pickens Plan Ad [view article]
This is blatant censorship. Freedom of speech? Yah, right... If you're willing to pay for ad time, who is GE or NBC to deny anyone presenting an idea or thought? We are getting closer and closer to solialism by the day. Where's the flow of free ideas? ReplyA Compelling Energy Ratio [view article]
Matt, thanks for the article. Something to keep in mind though:Could the downward trend in your first graph imply that since 2003 oil is seeing more upwards pressure on the cost of production than natural gas?
I think some of us sense that the "low hanging fruit" is gone with respect to the world's major oilfields.
That it pays (and pays well!) to scrape up two tonnes of dirt in the tar sands just to squeeze out one bbl should tell you something.
Unless the cost of producing natural gas also rises to meet the historical norm, this might be a long-term downward trend and you might not see a bounce to the extent you are expecting. Reply
NBC Refuses Pickens Plan Ad [view article]
I'll try to get this away from a political discussion, back to the intent of the article. Most posts have been posturing who's the best conservative/libertari... or liberal/moderate democrat."Clearlead" said:
Gore is correct that America needs to use its natural gas for power generation that can fuel electric cars that cause less pollution than using this fuel directly for transportation uses (just b/c Iran is doing it, doesn't make me think that it necessarily the way to go).
Though I'm suspicious of Pickens as a person, he is VERY clear about his intent for Nat Gas vehicles. Natural gas is the natural fuel for heavy duty moving equipment and trucks. His more modest approach is to divert the nat gas fuel away from electric production and initially into heavy duty equipment. That's where the 20% reduction in oil comes from.
Unless Detroit et.al. rush to remanufacture and we have thousands of new re-fueling stations -- neither very likely in the ten years envisioned by the plan -- this approach seems sound.
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NBC Refuses Pickens Plan Ad [view article]
Appropriately, Alaska will be sending the USA several billion cubic feet of Natural Gas in the not too distant future, If the stars align.... Pickens' plan bolsters this necessity, I support the concept of America's revitilization. You do this through ingenuity. TBP has that in his blood. Replyr
Bespoke's Commodity Snapshot (9/2/08) [view article]
Orange Juice and Sugar are my bets to go up significantly in the next year or so. Reply