Don’t Forget What UNG Is
Five Thousand Over Libor submits:
UNG has enjoyed a very nice run of late as gas futures exhibit proof that it's tough business keeping prices under $4 going into winter. Recent buying has been spurred by exogenous forces detailed here in earlier articles and the recent shift in expectations for weather in December. A few venerated meteorologists in the energy space have freshly suggested that this December could be analogous to December 2000 when we had a full-blown La Nina in the Pacific, but a very strong higher-latitude blocking in the upper atmosphere near Greenland, which works to funnel cold air that builds in northwest Canada through the Great Lakes and into the southeastern U.S. Weather models are pointing to a less robust view, but an upper-air pattern that certainly allows for shots of c
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