Despite the historically low natural gas prices, U.S. producers are still pumping out more natural gas since most of the country’s gas is produced alongside crude-oil production and more profitable liquids, reports Dan Strumpf for The Wall Street Journal. Analysts expect prices could fall even further before producers cut back on output.
According to a press release, UNG will undergo a four-for-one reverse split after the close of the markets on February 12, 2012. Consequently, share prices will quadruple in size.
- iPath DJ-UBS Natural Gas ETN (NYSEArca: GAZ)
- US Commodity 12 Month Natural Gas Fund LP ETF (NYSEArca: UNL): down 8.7% year-to-date
- Teucrium Natural Gas Fund ETF (NYSEArca: NAGS): down 9.7% year-to-date
U.S. Natural Gas Fund
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Max Chen contributed to this article.