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Anyone make any $'s from natural gas since last spring?
I recall natural gas bottoming at about $1.95 per unit in March or April. Has anyone been able to make any money from this bottom move with any of the available investment vehicles? Thank you. Catch
Charting UNG and GASFX since April you notice UNG up 40% but, with a lot of movement:
The problem I have with this sectors is the long term performance of ETFs like UNG...here it is over 5 years compared to GASFX:
I still see mid-stream companies being profitable as a result of inexpensive inputs (price of Natural Gas) and the premium charged for the services they provide (pipeline delivery, electrical generation, fertilizer production, etc)
Guilty as charged. I was also touting down around $2 and asked for play suggestions. I ended up with FCG, GASFX and some FSNGX in wifey's Roth. And like OJ, nothing large and no oversized gains as of yet.
As the rally in ng continues, we should also start seeing results filter thru to nat res funds and whatnot. Plus, with Obama relected, watch the story unfold with fracking. It if screws up the ground water, you'll see the brakes put on it to a greater or lesser degree. We'll have to see.
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The problem I have with this sectors is the long term performance of ETFs like UNG...here it is over 5 years compared to GASFX:
I still see mid-stream companies being profitable as a result of inexpensive inputs (price of Natural Gas) and the premium charged for the services they provide (pipeline delivery, electrical generation, fertilizer production, etc)
jack welch-natgas could be bigger than the internet
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Guilty as charged. I was also touting down around $2 and asked for play suggestions. I ended up with FCG, GASFX and some FSNGX in wifey's Roth. And like OJ, nothing large and no oversized gains as of yet.
As the rally in ng continues, we should also start seeing results filter thru to nat res funds and whatnot. Plus, with Obama relected, watch the story unfold with fracking. It if screws up the ground water, you'll see the brakes put on it to a greater or lesser degree. We'll have to see.
However, for the nonce, the trend is your friend.
peace,
rono