Opinions
Greg Newman
HBP NYMEX Nat'l Gas Bull+
HNU-T
COMMENT
Jul 28, 2017
$6.050
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
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Continue to Short this? Natural gas prices are probably coming down over the next couple of years. If this is a levered play, you want to be very, very careful. The way they do these things is that they roll them on a futures contract, and then have to keep buying the expiry. If you want to play natural gas, be very careful of the underlying structure that you are looking at.