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Re: MEA_1956 post# 2018

Tuesday, 04/17/2012 11:38:23 PM

Tuesday, April 17, 2012 11:38:23 PM

Post# of 2468
Have you not read the recent posts? UNG is a horrible investment. Natural gas prices have to double every year for UNG's price to remain unchanged.

Google: contango UNG

Read the many articles like this one: http://seekingalpha.com/article/334152-natural-gas-contango-and-ung

There is a ETF GASZ that is long natural gas and goes up almost everyday but is designed to take advantage of UNG's horrible business model. UNG loses more than 7% a month through futures rolls.

There is a huge glut of natural gas and it is very expensive to rent storage space. That huge expense makes UNG a very bad investment.
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