This an equity ETF, not some futures mess like the U.S. Natural Gas Fund (NYSE: UNG).
Also, the energy ETFs, UNG for natural gas and USO for oil, may be expected to rise long term.
FORBES: Saudi's Have Reduced Production, But Don't Believe It's Because of Reduced Demand
Two days later, America did refuse to recognise Ung Huot, partly because his appointment had not received Prince Ranariddh's blessing.
United States Natural Gas Fund, symbol UNG, is an exchange traded fund designed to track the performance of natural gas.
We also like UNG because it often moves independent of the stock market, a plus in these uncertain times for stocks.
Hun Sen and his handpicked co-premier, Ung Huot, issued a four-page rebuttal.
In the interest of full disclosure, UNG was a buy recommendation for our newsletter portfolio on June 6, so we, our subscribers, and our associates have positions from somewhat lower prices.
Sihanouk, who never was enthusiastic about the Japanese initiative, had said that he would not grant the pardon unless Hun Sen and new First Prime Minister Ung Huot specifically made a written request.
Just more pain for longsuffering UNG (UNG) holders.
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At Marketocracy, his 10STX portfolio is limited to cash (35%), short gold ( DZZ), long natural gas ( UNG), short the market ( TWM), and long a too big to fail banking disaster ( BAC).
Bloomberg Businessweek discussed this in an article called Amber Waves of Pain as it related to U.S. Oil Fund ( USO), U.S. Natural Gas Fund ( UNG), PowerShares DB Agriculture Fund ( DBA) and others.
Though the missive was not signed by Ung Huot -- interpreted by some as a ruse, by others as his ineffectualness in the partnership with Hun Sen -- Sihanouk acquiesced and issued a pardon, one that presumably covered the fine as well.
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