Saturday, July 1, 2017

Natural Gas 2017

The wide swings for natural gas stocks appears to be over for now because a lot of long and short traders have exited the natural gas trade.  You can read this article at Seeking Alpha to see why natural gas is not attractive this summer.

The price of natural gas is basically uncertain because we have plenty of supply and demand, and the two are balancing out now.  I own a lot of UGAZ because I thought there would be a summer spike due to utilities using natural gas for cooling.  We are also exporting more natural gas.  Currently, I will probably have to wait until the fall season before I will make any noticeable profit.