Velocityshares 3X Long Natural Gas ETN (UGAZ)

[budmgd]

says natty could benefit from coal destruction:

08:52 ET - Natural gas prices extend gains after Monday's sharp rise, with the front-month contract trading 3.2% higher at $1.84 /mmBtu as investors bet gas demand will rise in a post-coronavirus world as coal continues its fall. "Coal has been on the decline for nearly two decades and was replaced by natural gas as the primary source of electricity in 2016, but a 16-year low in electricity demand brought on by COVID-19 will likely shutter the U.S. coal industry for good," says Lux Research's senior analyst Yuan-Sheng Yu. The rise in natural gas prices comes despite mild weather that's keeping consumption rates low as homes and businesses aren't using heaters or air-conditioners.