United States Natural Gas Fund, LP (UNG)

All Comments on UNG

  • commenter
    User 187557
    May 15 01:19 PM
    ETF Update: Oil Service ETFs, Natural Gas Plays [view article]
    UNG has been doing a poor job of tracking the actual price of the Henry Hub Natural Gas. In the past 52 weeks, price of Natural Gas has risen more than 40%, and UNG was up about 4% in the same period. FCG, on the hand, has been up more around 45% in the past 52 weeks, which tracks the price of Natural Gas much more closely. I believe UNG and FCG are the only 2 Natural Gas ETF available in the U.S. right now. Reply
  • commenter
    User 150045
    May 15 11:48 AM
    ETF Update: Oil Service ETFs, Natural Gas Plays [view article]
    Great map Reply
  • commenter
    Tomas T
    May 15 10:40 AM
    Oil and Natural Gas Due for a Pullback? [view article]
    Check ticker GAZ, I did very well for the past 2 weeks (10% +), (from user 193917) Reply
  • commenter
    g.pincheot
    May 15 10:06 AM
    ETF Update: Oil Service ETFs, Natural Gas Plays [view article]
    I'm starting to hear more about nuclear energy. I see that Invesco
    has a new ETF, PKN - a global nuclear energy fund. Any chance you could give us a sense of where we are with nuclear and potential
    future profit directions?     Reply
  • commenter
    Tomas T
    May 15 09:32 AM
    Oil and Natural Gas Due for a Pullback? [view article]
    I agree with the pullback, something's got to give soon. Pullback is due, even that Oil is still Favored sector. In general the price of oil will never be the same, people can just forget for 1 or 2 bucks per gallon, this is history. Chances are that there is going to be a pullback and then pirces will sky rocket again. Reply
  • commenter
    JREwing
    May 15 04:23 AM
    Commodities: Bubble or Not? [view article]
    Xyrus

    Excuse me, fella. Since I am a German I know a little bit about Hitlers rise to power.

    Journalists, who disagreed with the Nazi parties views were 'convinced' otherwise. As long as there was a parliament in place, the SA (a gathering of urban street thugs) prevented all MPs, who were likely to oppose the Nazi party, from entering the parliament.

    After this 'parliament' gave Hitler absolute power, there was essentially only one newspaper, only one radio channel, only one party and everyone, who opposed Hitler was imprisoned and/or executed.

    Excuse me again. But none of the above happened during the Bush administration. I guess, that about 90 out of a 100 journalists in the US share an intense hatred for Mr. Bush and criticize him on a daily basis. Of course they are well within their to do so and no one prevents them from exercising their rights.

    So don't You ever compare Mr. Bush to Adolf Hitler, for You do not know what You are talking about. If You had to live under the rule of the Nazi Party, you would pray on your knees for a live under the Bush Administration.


    Reply
  • commenter
    george h.
    May 14 05:34 PM
    Bespoke's Commodity Snapshot (5/12/08) [view article]
    does this mean oil should come down?
    Reply
  • commenter
    bkinn
    May 14 08:49 AM
    Commodities: Bubble or Not? [view article]
    On the other hand, if commodities are all that we hold valuable in a growing society, how much progress will we be making?

    During the late 90's OPEC had a hard time keeping oil above $20 a barrel. At $120 a barrel, do you really think that our supply line has changed that drastically within a 10 year period? If we continue to live in a commodities bubble, valuation for innovation outside of commodities related interests will continue to flounder and we will suffer due to a lack in demand for technology growth. Where will that leave our economic development when one of the most valuable assets the US has traditionally offered has been innovation? Sure, innovations on greater food sources is fantastic, but I don't see a blossoming economy based soley on food nor tech based on defending our energy positions, do you?

    My point here is that we need to look at history to find the answer to the question: "are we in a bubble or will this commodities based market simply continue forever?". Historically, we have always seen periods like this. Each time someone has said "yes but it is different this time because... blah blah blah". Sure there are differences .. if there weren't there would not be repeat markets. This commodities boom will pass .. just as it always has. Tech and innovation will return, just as it always has. People don't want to live their lives within a context of simply "finding enough food to eat". As humans, we always reach for more; we always have, and we always will.




    On May 11 04:14 PM phillips49 wrote:

    > OPEC is working very hard to produce only what is necessary to meet
    > demand. They can keep oil prices at current levels for the foreseeable
    > future. Some nations, including the USA have already reached peak
    > oil production and output is in decline.
    > The dot com bubble was based on speculation over assets and demand
    > that existed only in the minds of the participants. The real estate
    > bubble was based on demand for tangable but optional assets, that
    > are worth only what someone else was willing to pay for them. <br/>Natural
    > resources are very real needs, the demand is very real, and the supply
    > is limited and controlled. It is not in the suppliers best interest
    > to flood the market with product.
    > There may be some froth due to speculation, but bubble, I think not.
    >
    > I like investments with solid demand for products that people NEED,
    > where there is limited supply that provides some pricing power, with
    > limited competition and high prospects for continued growth. For
    > me, oil, natural gas, oil field services, pipelines and distribution,
    > metals, mining, mining equipment, seed, fertilzer, weed and pest
    > control all satisfy these criteria and in my opinion are the investments
    > to be in for the long haul because a growing world needs these things.     Reply
  • commenter
    bkinn
    May 14 08:35 AM
    Commodities: Bubble or Not? [view article]



    On May 12 03:46 AM JREwing wrote:

    > To those above who blame the Iraq War for high oil prices should
    > read one of the pieces on STRATFOR once in a while.
    >
    > The real reason for the Invasion of Iraq was to make sure, that Iran
    > never ever controls the oil reserves of Iraq, Kuwait, Saudi Arabia
    > and the Emirates.
    >
    > Iran obviously tries to gain influence over the countries of the
    > region from Lebanon to Pakistan.
    >
    > If you think the Invasion of Iraq is responsible for the rise in
    > oil, think how high the oil price would be, if Iran would control
    > the bulk of the worlds oil reserves.
    >
    > Democratically elected governments don't go to war unless they absolutely
    > have to, for the peoples of the world hate wars. Since the goal of
    > every politician is to get reelected, it is illogical to think they
    > go to war for the fun of it.

    I wish I could believe that     Reply
  • commenter
    GMiki
    May 13 07:29 PM
    Bespoke's Commodity Snapshot (5/12/08) [view article]
    Look at a much longer chart of gold if you think it's trending down. Reply
  • commenter
    Luca
    Avellini
    May 13 06:46 PM
    General Discussion on UNG
    Can anybody help me understand why there is a discrepancy between UNG (Natural Gas ETF) which should track front-month futures, and the Continuous Contract Index quoted on the NYMEX? Although the correlation seems to have improved over time, over 1-year period is all over the place. Today for example UNG was +1.3% and the index I believe was +0.08%.
    Thanks     Reply
  • commenter
    WayneS
    May 13 01:07 PM
    ETF Update: Use Oil, Gold ETFs to Offset Gas Price Increases [view article]
    Credit card companies are the only ones with increasing profits from rising gasoline prices.
    They get a set percentage of the total price of gasoline.
    More people will be using credit cards to buy gasoline.
    More people will be paying late fees.
    More people's interest on balance will be raised.
    There is no risk and short term profit from stocks.     Reply
  • commenter
    OJO Zafado
    May 13 09:08 AM
    ETF Update: Use Oil, Gold ETFs to Offset Gas Price Increases [view article]
    As in a previous alpha alert it is explained that owning these Futures trade or commodity funds may at year end have some onerous tax consequences. I think if you are trying to create a hedge against oil prices for paying for your rising personal gasoline and heating oil/Nat Gas costs you would do better investing in O&G trusts. PBT,CRT,SJT(San Juan?).BPT and NGT. While there are the vagaries of the foreign tax situation the Canadian Trusts for the most part remain undervalued. It is the tax cloud hanging over them that makes them the value they are. The BTE is screaming higher, the PVX and PWE remain true "value plays" in the sector,while crack spreads remain problematic for HTE. It is in great shape to rebound if there are indeed gasoline shortages do develop in the summer months. PGH with very large reserves is chugging along and should continue to reflect the market. Along with BTE, AAV are both prime candidates for aqcusition by larger entities like ERF or PWE. Many of these are getting involved in oilsands projects. These are not great investment for trust owners as they have long lead times to producing accretive cash flows. ERF is one I would avoid on that basis. It is a long term soundly run trust but... Of some interest is the ETF ENY which has a rotational platform strategy to be invested in oil sands for the most part but also under certain market conditions rotate out into the O&G trusts. The dividend s in that one seem to vanish down a rabbit hole. Anyone have a thought on that? Nearly all these trusts in Canada pay out tax advanged/qualified dividends. That is a vagary as well in terms of future US tax laws. The foreign tax credit that is now allowed on these trusts' witholdings may be reduced or eliminated as well. The US Dollar is in the strengthening mode we are told by the talking heads. Owning the Loonie assets in a country very uncomfortable with the erosion of it's current accounts SURPLUS down to $3billion dollars may not be all that risky. These trusts mostly pay monthly income streams that if you use a separate credit card to pay for your gasoline with you can apply it directly to the monthly bill. The US dollar can only have a short lived rally with the Gov't and the 2 year politicians commited to inflating the nation out of the collapsed economic model built on a foundation of personal, town & city,County,State and Federal Gov't debt. The shoes continued to drop in Europe this week with more major banks and financials writing down huge losses. Soc Gen, Fortis and Credit Agricole were amoung the usual suspects fessing up to billions more in losses. Meanwhile C and Deutsche banks were trying to pawn off some of their Leverasged buyout debt on a european Warren Buffet type "guy". It seems Guy Hands of Terra Capital found their offers to sell this junk not to his likeing for lack of an "adequate risk return" Also from over the pond they are shaking the LIBOR trees again. Shocked!, shocked! we are to find LIBOR numbers, 2.68% for 3 months to be not "quite right"! I say...! Not to worry Ben the Dollar Slayer floated out a doubling of the TRCA last week to the ECB and SNB to the tune of $100 billion. So the Europeans now have lots of liquidity to deal with the problems we exported to them in the first place. Mean while the developing nations most of which receive US forein aid continue to subsdise the price of gasoline to their consummers. We give Egypt $1,7 Billion a year in aid so they can indirectly subsidise the price of gasoline @ $0.90/gal. Pay no attention to the men behind the curtains Reply
  • commenter
    JREwing
    May 13 04:47 AM
    Bespoke's Commodity Snapshot (5/12/08) [view article]
    Thanx, guys very interesting as always.

    The oil chart looks very orderly compared to some of the others.     Reply
  • commenter
    richjoy
    May 12 07:31 PM
    Commodities: Bubble or Not? [view article]
    I appreciate the compliment from StateofCon, but I must respond to his comments on population growth:

    Population growth in the USA is (fortunately) a bit above maintenance; it has declined over the last couple decades. Our growth is in large part due to peoples who have come here from other countries...both illegially and legally. (In fact, it is because we need population growth to support our economy, that our government, either democrat or republican, will only give lip service to border enforcement).

    Europe is in a much more serious situation with respect to population -- many European countries, including Italy!, have declining populations. European social welfare costs are going to become staggering in a few years.

    Yes, we do have a few Mormons here, and they do tend to have large families; however, their contribution to our population growth is not significant.     Reply

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