Opinions
Terry Shaunessy
HBP NYMEX Nat'l Gas Bull+
HNU-T
DON'T BUY
Jul 05, 2017
$5.710
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
Over long periods of gas, there will be a natural decay in net asset value. Short term trading could pay off. Buy high and sell low. Natural gases are doing well right now, but he would prefer to play it through ETFs and equity exposure. Natural gas is a relative winner in the next few years. There has been significant under investments.
E.T.F.'s
PARTIAL BUY
Leverage play for natural gas. Clearly getting a breakout in the short term. Thinks oil is capped out and natural gas should trade relative to oil. Can see front month natural gas contracts going for $5. Forward pricing looks like there is room into next year to move further up. An okay way to do it if you can handle leverage. Not for a long term buy and hold.
E.T.F.'s
ETF’s are an incredibly convenient thing to use, but they are not the only things. If you are buying something like this, a bullish or bearish commodity bet using an ETF, it is very expensive and an unreliable way of going. He would encourage you to use the futures market. It is much easier to do, and a much purer move.