Is Natural Gas a Buy?
Since mid 2008 natural gas has been completely decimated by the market with the past eight months have been particularly bearish, cutting natural gas stocks in half. Take a look at UNG for instance, down close to 60% from it’s June high of 12.32 a share. So with natural gas bouncing off it’s all time low is it time to take a bullish stance on the commodity? Recent options activity has spiked dramatically, with a call to put ratio of more than six to one. With options activity a good forward looking indicator of investor sentiment, this is generally a very bullish … Read more