Top 5 Consumer Service Stocks To Watch For 2015: United States Natural Gas Fund LP (UNG)
United States Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca). The investment objective of USNG is for the changes in percentage terms of its units net asset value (NAV) to reflect the changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana as measured by the changes in the Futures Contract on natural gas traded on the New York Mercantile Exchange (NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire. The Companys general partner is United States Commodity Funds LLC (the General Partner) and is responsible for the management of USNG.
USNG invests in futures contracts for natural gas, crude oil, heating oil, gasoline, and other petroleum-b ased fuels that are traded on the NYMEX, ICE Futures or other United States and foreign exchanges (collectively, Futures Contracts). USNG also invests in other natural gas-related investments, such as cash-settled options on Futures Contracts, forward contracts for natural gas, cleared swap contracts, and over-the-counter transactions that are based on the price of natural gas, oil and other petroleum-based fuels, Futures Contracts and indices based on the foregoing (collectively, Other Natural Gas-Related Investments). USNG invests in Natural Gas Interests to the fullest extent possible. In pursuing this objective, the primary focus of the General Partner is the investment in Futures Contracts and the management of USNGs investments in short-term obligations of the United States of two years or less (Treasuries), cash and/or cash equivalents for margining purposes and as collateral.
Advisors' Opinion:- [By Paul Ausick! ]
The US Natural Gas Fund (NYSEMKT: UNG)is up 2.3% at $18.77 in a 52-week range of $16.59 to $24.09. The Market Vectors Oil Services ETF (NYSEMKT: OIH)is up 1.6% at $45.12 in a 52-week range of $36.24 to $46.78. The first fund tracks spot prices; the second includes major drillers and services companies.
- [By Paul Ausick]
The U.S. Natural Gas Fund (NYSEMKT: UNG) is down 1.2%, at $18.56 in a 52-week range of $16.59 to $24.09. The Market Vectors Oil Services ETF (NYSEMKT: OIH) is down 0.6%, at $45.45 in a 52-week range of $36.24 to $46.78. The first fund tracks spot prices; the second includes major drillers and services companies.
- [By James Roemer]
As far as natural gas goes and (UNG). We had an incredible late cold winter and 30% rally in prices during March and April, which we caught as well as a 20-25% break in summer prices. At times, the summer has been hot. For now, we may be range bound the next few months, due to more bearish weather coming up, with cooler weather again at times and no hurricanes. On the other hand, lower rig counts and natural gas being the more favored fuel versus coal, when prices fall below $3.30, are the only friendly arguments I see. Longer term, the development of further infrastructure to export LNG could be a bullish development for natural gas, but is still a long ways off. For now, I expect modest rallies in natural gas, if we have them, to be met with selling heading into September.
- [By David Fabian]
However, since the beginning of the year, the United States Oil Fund (NYSE: USO) has gained 6.12 percent and the United States Natural Gas Fund (NYSE: UNG) has jumped nearly 26 percent. Weather-related factors have played a big role in the first quarter surge for natural gas this year.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-consumer-service-stocks-to-watch-for-2015.html
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