Replies to post #14773 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Jiminy Cricket]

UGAZ goes up and DGAZ goes down. UGAZ goes down and DGAZ goes up.

So you are on DGAZs side?

[dude iligence]

tmorr55 I think he has it backwards. NG storage peaked a few months ago at 4 trillion. The price didn't go up it went down. There will never be a storage problem for NG. One reason

FLARING

Any excess is simply burnt off. I was in a strip club in OKC one night sitting at the bar started talking to a guy, asked him what he did. said he worked for one of the big NG production companies, his job was to go out to remote locations and flare or simply release NG into the good ole atmosphere. Makes the skys bluer.

In the old days they simply dumped excess crude on the ground or in the nearest river. Now they have to have storage facilities on the ground the rest goes on tankers. Can you imagine the nerve of the EPA!

See NAT: bought it at $10.2s sold at !2.65 rebought at $11s now $14 and climbing. NAT I bought at mid 11s is paying 15-16% dividend. Profitable heres the deal As crude went down supply went up Tanker rates went up as well simple supply and demand for storage, while their operating costs went down with the cost of fuel and profits went up.

NG didn't rally on the report yesterday we may see a brief relief rally in NG but I dont think it will get above $1.83ish due to warm mild wx and small withdrawls, then come back down. But it could also gap down on Sunday night. risk vs reward.

Im not in UGAZ at the moment but playing the oil/NG producers instead with GUSH COP DVN SGY. Some of these I may hold long term. If it were the second week of April I would have a more bullish outlook on NG.