The UNG to Reverse Split

Submitted by stockmaster1 on Fri, 02/03/2012 - 17:49

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If at first you don't like your low share price, just reverse stock split. That solves everything.

Classy move by the U.S. Natural Gas Fund ETF (UNG), let's increase the share price so our fund doesn't look so crappy.

ALAMEDA, Calif., Feb. 1, 2012 /NEWS.GNOM.ES/ — United States Natural Gas Fund, LP (“USNG”) announced today that it will execute a four-for-one reverse unit split that will be effective for holders of USNG units (“Unitholders”) after the close of the markets on February 21, 2012. Units of USNG will trade at their post-split prices on February 22, 2012. USNG’s ticker symbol, “UNG”, will not change, and units of USNG will continue to trade on the NYSE Arca. USNG’s new CUSIP number will be 912318201.

Thus if you had 100 shares of the UNG before the split you will have 25 shares after Feb 22nd.

Interested in the UNG, please comment and read up on our article from Monday -- 3 Natural Gas Stocks to Buy

Mastery called the bottom in Natural Gas. Its time to buy the stocks that will benefit.

Natural gas prices have hit bottom and without further adieu, we review the best money can buy to ride the train back to profitability. The line up consists of the U.S. Natural Gas Fund (UNG), Exxon Mobil (XOM), and Chesapeake Energy Corporation (CHK).