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Hugoton Royalty Trust: A Stock for the Natural Gas Contrarian

I might be completely wrong, but I have seen misleading reserves vanish into thin air in the past.
In Texas we are seeing these "fantastic" shale gas wells deplete at alarming rates after a couple of years of flush production from the enormous fracs used to open the reservoirs.
I suspect the shale plays are somewhat over-hyped, and reserves are overstated for most. Time will tell.

In the meanwhile nat gas is trading at such low prices I simply can not pass up buying some, as it is much cheaper to buy it, than to drill for it.

Surprising Upturn for the Energy Sector

Many are thinking oil and natgas are due a pullback, and I sure can't say they are wrong.
However, if there is a pullback, I believe it will be shallow and short lived.
The massive flood of Obamamoney has started flowing into the system. Serious inflation projections are about to be tested.
Historically, there has never been such an injection of capital of this magnitude. In the same vein, we will have never experienced the inflationary pressure that comes with such.

In addition, I still believe that some people view "the market" in what I call short term tunnel vision. They are measuring the oil and gas market with short sighted "current market conditions".
The market actually is looking ahead, and the pending economic recovery is outweighing ALL of the standard measures of supply and demand.
This is due to the fact that demand will overwhelm the currently suppressed supply in very short order with any recovery.
Yes, supply can be added, but it always comes after prices have escalated.

To me, it would be too risky to be shorting any commodity, (especially oil and natgas) or most any energy stock.