Bought $NFX cheap & levered to $UNG nat gas.Set to ramp higher
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ECA got NFX assets dirt cheap and is now a nat gas and oil powerhouse. Nat gas has been ripping higher and ECA has not participated as it digests the acquisition. This gives a great opportunity to buy in at a steep discount and I am looking for a minimum 20-25% move higher as an initial target on a gap fill to $10+ from NFX purchase.