staria

UNG Gets Creative, Secures $500M Natural Gas Swap

The shorts are “cornered” by the decision of UNG to halt the issue of new shares and must cover their positions through the stock market..... (on 14. August the short position in UNG was 13.159.730 shares)

Natural Gas ETFs: Not a Good Investment

If you look to explain the huge NAV-premium try this: the shorts are “cornered” by the decision of UNG to halt the issue of new shares and must cover their positions though the stock market. On 14. August the short position in UNG was 13.159.730 shares.

Wednesday Outlook: Commodities, Global Markets

If you look to explain the huge NAV-premium try this: the shorts are “cornered” by the decision of UNG to halt the issue of new shares and must cover their positions though the stock market. On 14. August the short position in UNG was 13.159.730 shares. Try to cash in this premium.

U.S. Natural Gas ETF: What You Need to Know

If you look to explain the huge NAV-premium try this: the shorts are “cornered” by the decision of UNG to halt the issue of new shares and must cover their positions though the stock market. On 14. August the short position in UNG was 13.159.730 shares. Try to cash in this premium.

The Closed-End Fund Discount Quandary

I'm a portfolio manager in a mutual fund company and we have a lot of open end funds. The problem since last fall is, then when the market doesn't function and you have redemptions.... you can sell only your best ....and most liquid assets..... The closed end funds doesn't have this problem.... and this is a huge advantage in today crazy world. With discounts to NAV.... a huge investment opportunity, one in a lifetime.

Oil Price Economics the 60 Minutes Way

The oil companies started to hedge future oil deliveries in a big way after the break of the up-trend last fall... but at the same time some of the big speculators in this market as Lehman, Goldman etc. had other problems in the fall as to be on the other side of such trades. Supply and demand as always.... of money and oil.

Adams Express: A Cheap Closed-End Fund

It's very simple. If you can by something with value of 100 for 85, do it. Better, take credit and by a lot of it, It's a byuers market right now, a lot of fear in the air, a lot of weak hands.... This is the time to make money. ADX is may be one of the the best buy-stories right now. Look also at GAM

Housing: Did We Learn Nothing from the Dotcom Bust?

I think there is a lot of value in the Homebuilders sector longer term. Value the sector at Price to Sales. I assume that at the bottom of the cycle homebuilders are going to build let say 800tsd. homes p.a. The average price nationwide is around 200 tsd. USD. Makes around 160bn USD Top Down Sales. You pay for the sector as a whole right now ca. 40bn USD market cap (~ the same you pay for Merrill Lynch....). The average margin for the sector longer term is 8-10%. And for such a margin the stock market shold pay ca. 1 Price to Sales.... Buy the whole homebuilder sector right now ... and if you want an alpha trade, sale Merrill againts it....