August 12, 2022 | Daily JAM, LNG, Morning Briefing, TELL, UNG, Volatility |
Yesterday, August 11, U.S. liquefied natural gas (LNG) exported Freeport LNG said it was still pulling in small amounts of natural gas from pipelines at its shuttered LNG export plant in Texas to fuel a power plant. And, this is the important part, it still expects the liquefaction plant, which shut due to a fire on June 8, to return to at least partial service in early October. Thursday, U.S. gas futures jumped about 8% on talk of increased gas flows to the Freeport LNG plant, a drop in gas output, and forecasts for more demand for the fuel over the next two weeks than previously expected. The U.S. Natural Gas Fund (UNG) gained 6.06%.
July 26, 2022 | CORN, Daily JAM, Jubak Picks, UNG, Volatility |
At the close today, July 26, the Teucrium Corn Fund (CORN) was up 2.55% and the Teucrium Wheat Fund (WEAT) was ahead 4.11%. Both of those commodity plays outgained the U.S. Natural Gas Fund (UNG) with its 1.38% move higher. But for consistent gains–and the potential for more–I’d have to say that natural gas is my favorite commodity.
July 20, 2022 | Daily JAM |
There are the base-load power plants that run all the time and meet the bulk of normal electricity demand. And then there are the power plants that are only intermittently called into service when demand spikes. In the United States the majority of the plants used to meet “spiking” demand run on natural gas. So you can imagine what something like the current heat wave now gripping much of the country does to electricity demand for air conditioning and to demand for natural gas.
June 17, 2022 | Daily JAM, Jubak Picks, Stock Alerts, Volatility |
I’m using the continued weakness in natural gas prices and in the U.S. Natural Gas Fund (UNG) to add the shares to my Jubak Picks Portfolio. The U.S. Natural Gas Fund was down another 5.90% today to close at $23.78.
June 16, 2022 | Daily JAM, Videos |
My one-hundred-and-forty-sixth YouTube video “Quick Pick U.S. Natural Gas Fund–update” went up today. The fire at the Freeport Liquified Natural Gas facility has disrupted U.S exports of natural gas. That’s resulted in a short-term glut in U.S. markets and what I think is a short-term buying opportunity for long-term gains in natural gas and this fund. Especially with winter and its surge in natural gas use just a few months away.
June 16, 2022 | Daily JAM, Jubak Picks, Morning Briefing, Volatility |
Yesterday, the stock market was up with the Standard & Poor’s 500 gaining 1.46% on the day and the NASDAQ Composite up 2.49%. Listening to the Federal Reserve’s policy statement after the June 15 meeting of its Open Market Committee, Wall Street chose to hear a promise of interest rate cuts as early as the end of 2023 and certainly in 2023. Aggressive interest rate increases in 2022, from this perspective, are just a necessary precondition to those interest rate cuts. Today, the stock market is down with the Standard & Poor’s 500 falling 3.25% and the NASDAQ Composite off 4.08% at the close. The narrative on investors’ and traders’ minds today is the rising odds of a recession–75% odds in favor by 2024 a Bloomberg survey of economists says with 25% odds of a recession in 2023. For a day that trumps the hopes for 2024 interest rate cuts (which would, after all, only materialize if the economy has, indeed, tumbled into recession. I expect this “War of the Two Narratives” to continue for a while
May 6, 2022 | Daily JAM, Videos, Volatility |
My one-hundredth-and-thirty-first YouTube video “Quick Pick: U.S. Natural Gas Fund” went up today. Natural gas hit an 18-year high in the United States on Thursday, May, even as oil was sliding. Consequently I’m looking for a pick that focuses on natural gas and not oil: my pick this week is United States Natural Gas Fund (UNG). I’ll use today’s drop in the price of natural gas and the 8.04% decline in UNG to add this pick to my Volatility Portfolio on Monday. I think that we’re going to see even higher gas prices as the war in Ukraine (and sanctions against Russia) grind on and as everyone rushes to build stock piles ahead of the inter heating season.
July 22, 2016 | CHK, Friday Trick or Trend, Volatility |
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April 25, 2016 | CHK, Daily JAM, KMI, Morning Briefing |
Natural gas futures for May delivery rose 3.5% on Friday to give the commodity a 13% gain for the week. That’s the best performance for natural gas since the week that ended on January 1. At this point and with so much short covering, I’d be very cautious about chasing prices here. This rally is, though, part of a recovery in the sector and I’ve got suggestions for what stocks to watch
