to $50 is we follow the conversion rate to break Even for LNG

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.