Replies to post #12565 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[BurningMan]

These things are so hard to judge. It produces some massive swings though

[porgyrusty]

This has to be a few cents from being at the bottom, for christ sakes it probably takes more than this to get NG out of the ground.

[Rock_nj]

According to this chart, every US nat gas field is extracting gas at a loss with the current price drop.

$DGAZ $UGAZ $GASL $UNG $OIL Break-even prices for #natgas and #oil #oilandgas pic.twitter.com/nGxRlRCcQ4

— Bluegold Trader (@bluegoldr) December 14, 2015

It's got to be killing producers. Many wells will likely be shuttered.