First Trust ISE-Revere Natural Gas (AMEX:FCG)
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I'm calling this one up. The chart looks to be consolidating in a channel. Serious support in the 17.20 area. And although the chart is bad, teh huge negative volume hasn't moved it through that support, so I'm calling up!
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LPG vs oil based products play
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gas , cheap, good when no-one has any money and oil becomes a luxury only for rich bankers.
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My alternative to UNG.
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ETF with largest nat gas firms as economy reenters growth mode
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Exxon's pick is my pick. FCG is shadowing the crowd, showing momentum as it travels upward. Federal government will endorse this segment as the answer to global warming. Strong backing will continue to set the sail in motion.
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etf comprised of midcap nat gas companies.
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Nat Gas may be reaching maximum storage capacity but it won't in the long term. That and there was 5+ Billion in the stimulus package to research alternatives to oil. Pickens' Plan is going after some of that $$$ and in the long run I'm sure he'll get some of it. Plus markets do tend we weed out oversupply with undersupply especially when we're talking finite resources here.
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cold winter is coming
no brainer
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Once again and eventually all will realise that Natural Gas like Oil is running out ... the dramatic drop in prices over the last couple of years is like a gigantic spring waiting to explode... and explode it will!!
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After all the concerns over UNG and their current predicament, now basically operating as a closed in fund, this seems to be a good more reliable alternative to play natural gas. I also like that it invest to correspond to the ISE-REVERE Nat Gas Index as apposed to future contracts. GAS is another alternative, which is an investment in the distribution side of natural gas.
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Natural Gas is going to be the bridge between Petroleum and Alternative Energy. Although the US has plenty of reserves, exploration has been halted in most areas due to falling demand. When demand picks up supply will not be able to catch up for a year or two at the least. Beginning next year supply will play catch-up over the next 5-8 years.
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Natural gas traders looking to avoid contango complications will invest here. FCG doesn't have to roll contracts at a loss, so it will make a good investment to profit from the improving market situation for gas.
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I think Nat Gas has nowhere to go but up.
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