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I've been waiting two years for this to come in line with oil prices. It seems to be inching up. Is a breakout near? I looks like fracking may not be all it's cracked up to be, and their may be huge environmental risks.
I've been waiting two years for this to come in line with oil prices. It seems to be inching up. Is a breakout near? I looks like fracking may not be all it's cracked up to be, and their may be huge environmental risks.
Fracking "IS all its Cracked up to be".....Just not all Fracking.
Yes it could be risky then again every investment is risky.
Even if the feds regulate fracking to death it will be bullish for this stock. Supply and demand. Personally I think there is lots of upside potential for NG demand. As oil gets more expensive we going to switch to NG, no question about it!
Actually a good buy right now would be Kinder Morgan Energy Partners (KMP). They specialize in natural gas pipelines and infrastructure, are a large stable company that will be around for years to come, and pay a high dividend (~6% this year). They would be less affected by fracking regulations, but an increase in NG prices would still support their business.
And you can buy it cheap right now. They reached a high of 77.83 back in April, but the threat of a change to their tax structure caused people to sell their shares. Last Friday it was 74.33.
I bought 134 shares at this price and I'll let you know how it does. I think once investors realize the tax structure change is a bluff by politicians, investors will want back in. The risk is...Capital Hill changing the tax structure would send shares lower, however that's a risk I'm willing to take.
Never buy UNG,it constantly rolls over a 30 day futures contract.Nat Gas is in Contango,meaning next months futures are more expensive than this months.Unless there is a sharp spike up in price,this ETF slowly sinks to zero.
I've been waiting two years for this to come in line with oil prices. It seems to be inching up. Is a breakout near? I looks like fracking may not be all it's cracked up to be, and their may be huge environmental risks.
First why would natural gas prices fall into line with oil prices. They are two completely different types of fossil fuels that are used two different ways in terms of demand.
Despite the urging of folks like T. Boone Pickens, natural gas has yet to catch on as a transportation fuel for trucks and cars on a level comprable to gasoline. Also it still competes with coal as a fuel for electrical plants.
The more hydro-fracking that gets done the more there are reports of enivronmental damage and people suffering from adverse health conditions.
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