I'm doing some research on Natural Gas. The price of natural gas seems to be at an all time low.
Currently in Canada, natural gas is trading around $3 per whatever unit they trade at. NGX.com
As we all know, crude OIL is making a comeback this summer. It was $30 a barrel a few months ago and now it is over $60 and many analyst are prediction $80 a barrel by August 2009.
I wouldn't be surprise if Natural Gas does the same. A few months from now it will be trading at $6.
Here is a snapshot of the US Market for Oil and Gas:
Currently there are two ETFs that track Natural Gas on the Toronto Stock Exchange. Claymore GAS.TO and HNU.TO (Horizon Betapro 2x NG Bull.)
I don't recommend holding HNU for Long Term as it's a leveraged ETF which is reserved for short term day traders. Claymore gas hit it's 52week low last week at $6.72.
I am wondering what others are thinking about the price Natural Gas? Are you bullish as I am?
Disclosure: I own 400 shares of GAS.TO at $6.86. Holding it until next summer.
Currently in Canada, natural gas is trading around $3 per whatever unit they trade at. NGX.com
As we all know, crude OIL is making a comeback this summer. It was $30 a barrel a few months ago and now it is over $60 and many analyst are prediction $80 a barrel by August 2009.
I wouldn't be surprise if Natural Gas does the same. A few months from now it will be trading at $6.
Here is a snapshot of the US Market for Oil and Gas:
Currently there are two ETFs that track Natural Gas on the Toronto Stock Exchange. Claymore GAS.TO and HNU.TO (Horizon Betapro 2x NG Bull.)
I don't recommend holding HNU for Long Term as it's a leveraged ETF which is reserved for short term day traders. Claymore gas hit it's 52week low last week at $6.72.
I am wondering what others are thinking about the price Natural Gas? Are you bullish as I am?
Disclosure: I own 400 shares of GAS.TO at $6.86. Holding it until next summer.