June 4, 2009
SpeculatingStocks.com Stock Pick: United States Natural Gas (UNG)
Stock Price: $14.32
United States Natural Gas (UNG) is an exchange traded fund (ETF) trading on the NYSE ARCA. The fund seeks to replicate the performance of natural gas.
UNG is a great way to play a possible move higher in natural gas prices. Natural gas is currently at $3.53, which we believe is undervalued and a move higher in natural gas prices could be imminent. The timing looks strong.
The last time natural gas prices made a move higher in early May, UNG moved from the $13 level to over $17.50.