to $50 is we follow the conversion rate to break Even for Nat Gas to the UNG ETF
$1 increase in Nat Gas at the Henry Hub Market = $10.88 in the UNG ETF
now Nat Gas trades at $2.1 per MMBTU 9 or BTU for shore.
The break even for Nat Gas cost of extraction is circa $7 or $7.5
That imploes that $50 for the UNG is very likely as a target.
Nat gas users should consider hedging.
$1 increase in Nat Gas at the Henry Hub Market = $10.88 in the UNG ETF
now Nat Gas trades at $2.1 per MMBTU 9 or BTU for shore.
The break even for Nat Gas cost of extraction is circa $7 or $7.5
That imploes that $50 for the UNG is very likely as a target.
Nat gas users should consider hedging.
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