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United States Natural Gas ETF Message Board

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  • montyya montyya Sep 4, 2009 10:19 AM Flag

    Why NG up3%-UNG up 1%

    The question is why is UNG up at all. Ther is still 12% premium and ~2.000 contango loss to work off. So it needs to drop another 3.00. Fundamentals still way out of whack. I guess the new shares have to actually hit and the rollover has to actually take place for that to happen. I don't see why the market does not discount those certainties immediately, though.

    So, you should see that UNG should track NG, after a NG rises 45%. Until then UNG should actuall be much lower.

 
UNG
15.48-0.13(-0.83%)Dec 26 4:00 PMEST

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