2024-07-07 06:57:53 ET
Summary
- Natural gas prices have rallied in 2024, leading to increased production and potential oversupply.
- The opening of the Matterhorn Express Pipeline may further decrease Henry Hub prices, impacting natural gas producers.
- FCG ETF, which includes natural gas producers, MLP companies, and oil enterprises, is now a 'Hold' due to changing market dynamics.
Thesis
Back in December 2023 we wrote an article arguing why it was a good time to buy the First Trust Natural Gas ETF (FCG) given the historic low levels in natural gas prices. The fund has delivered an outstanding return since:
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Read the full article on Seeking Alpha
For further details see:
FCG: Moving To Neutral On This Energy ETF