Playing the drilling and exploration companies is risky. If nat gas does not rebound, and with mild winters and low demand, it looks like it won't. Companies like CHK are saddled with high debt. The lower nat goes goes and stays, the more likely these companies will go bankrupt. They simply can't operate with these low prices.
On Aug 27 10:20 AM Andiroo wrote:
> What do people think about EP or CHK as a better play on a boost > in NG prices than UNG?
I bought UNG at 33, back in early fall, because I was so sure with winter coming on and demand would rise, that it too would rise. I sold it at 29 and glad i did. Its now 19. With winter winding down and industrial demand down, I don't see nat gas breaking 5 bucks any time this year.
How Low Can Natural Gas Prices Go? [View article]
On Aug 27 10:20 AM Andiroo wrote:
> What do people think about EP or CHK as a better play on a boost
> in NG prices than UNG?
The Case for Natural Gas [View article]