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United States Natural Gas Message Board

  • mootrack mootrack Sep 12, 2009 3:25 PM Flag

    Question: Is this good for Natural Gas?

    I understand Short position was so high in UNG due to their decision to stop issuing shares and the 11% premium on shares (units) to underlying value.

    Tonight I heard on Fast Money that UNG has reversed their decision and will again start issuing shares (units). The premium should disappear and shorts who shorted due to this imbalance will go away.

    May be wrong but expect this is bullish for Nat Gas. Very short term bearish for UNG but it will bounce back quickly and I suspect push up the price of Nat. Gas.

    I'm neither long or short UNG but am long HNU, so I'll be happy if Nat Gas goes up again. Its certainly about time!

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