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VelocityShares 3x Inverse Natural Gas ETN (DGAZ)

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26.0401+0.3701 (+1.4418%)
As of 9:30AM EDT. Market open.
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  • j
    jerry062425
    jerry062425
    We have a report, that the young man says, You rubbed his chest, and his bum. This report comes on the heels of another report that states America's shale natural gas production is about to surge 12% in September. It's all coming from the Anadarko Formation is Texas and Oklahoma, a formation that was there long before the borders of certain states were defined. You see, above every crude oil prospect there is a dome of caprock. The dome shape is formed by the pressure of the methane that sits atop the oil itself, and under the caprock. It is the collection of fumes and light hydrocarbon fractions from the crude oil over the eons. In addition to methane, butane, propane, hexane and other light gasseous and extremely flammable light hydrocarbons sit there, under tremendous pressure, waiting for that drillhead to pierce the dome of caprock.
    PFFFFFT!!!!!!!!!!!!!! It explodes out of the well with a deafening hiss before the column of black crude bursts forth and jets 300 feet into the air. I was a chemist with Shell's petroleum solvents division for 27 years. The light hydrocarbon fractions such as hexane are part of the homologuous series.
  • j
    jerry062425
    jerry062425
    America’s shale gas production is about to surge 12 percent.

    The Energy Department issued a report Monday estimating that the nation’s prolific shale formations will yield 59.4 billion cubic feet a day in September, a massive jump from the roughly 53 billion projected for August. The difference: The agency began including the more than 6 billion cubic feet a day of gas flowing out of the Anadarko basin of Oklahoma and Texas.

    The addition of the Anadarko is testament to the flood of gas flowing out of shale formations known better for their oil riches. Almost half of the country’s shale gas is now being produced in crude plays, pulled out of oil wells as a byproduct. These supplies, known as associated gas, threaten to squash any meaningful recovery in an already oversupplied market.

    “This is again telling us why we are in a perpetual bear market in natty gas,” said Stephen Schork, president of Schork Group Inc., a consulting group in Villanova, Pennsylvania. “We are finding more and more gas. It’s giving the bears more ammo.”
    ‘Already Established’

    Better drilling and well completion techniques have revived the Anadarko, which the Energy Department described as an “already well-established oil and gas producing basin.” The region was home to 129 active drilling rigs as of July, second only to Texas’s Permian Basin, the agency’s monthly report showed.

    Gas futures have been battered this year by a shale-driven supply glut that has persisted for much of the past two years. Prices have dropped 21 percent this year, settling Monday at $2.96 per million British thermal units on the New York Mercantile Exchange.
  • H
    Hailey
    Hailey
    Things seem to be getting overextended for DGAZ. awe-some*sto-ck*s recently alerted this company i think. google them.
  • F
    Fred
    Fred
    I was wrong in my guess that it would go down to 24,93 it went much lower, ok lets guess how low for tomorrow, i say it will only hit 22.89, whats your guess?
  • j
    jerry
    jerry
    Nat gas consumption will hit a brick wall. It will be in the 70s for the next 2 months in the Midwest, the comfort zone requiring no indoor temperature modification at all. No A/C, no heating for 2 months. There will be a glut of nat gas from that. A big glut, they are Fracking away like crazy.
  • n
    ninghai
    ninghai
    broken 200 and 50 sma 😇 same day today!!!!👹👹👹👹👹
  • n
    ninghai
    ninghai
    short more before giving up!😈😈😈😈😈
  • j
    jerry
    jerry
    There is too much natural gas. Fracking releases giant quantities of methane, CH4, nat gas, all different names for the same thing. Each carbon atom has its valence shell occupied with 4 hydrogen atoms. Flammable as hell.
  • j
    jerry
    jerry
    Not a good ETF for homosexuals to own. Too volatile.
  • n
    ninghai
    ninghai
    wow, NG is up to....my short position of dgaz looks better and better 👹👹👹👹👹
  • F
    Fred
    Fred
    Lets guess what DGAZ will be tomorrow, i say 24.93 and remember lets play nice
  • j
    jerry
    jerry
    Natural gas is in oversupply. Looking for $2.75/mmbtu, and then $2.50
  • S
    Sharon
    Sharon
    Mikey,you are super idiot
  • n
    ninghai
    ninghai
    Short it.👹👹👹👹👹
  • n
    ninghai
    ninghai
    I will cover dgaz around 20?👹👹👹👹👹
  • m
    mikey
    mikey
    Realistically 35 is coming. I am all in Dgaz. Buy all you can!
  • W
    Wing
    Wing
    It is going to be hot in the NYC again.
  • C
    Chloe
    Chloe
    The last time DGAZ did something like this it blew up. check out awe*some*stocks, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
  • W
    Wing
    Wing
    17 bfc injection? Where is all the NG gone?
  • W
    Wing
    Wing
    Where is all the NG gone? I have never seen the injection 28 bfc so low in the middle of summer