The UNG to Reverse Split
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
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).
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Is the Dollar's Momentum Easing? Is Deeper Pullback in the Stock Market Likely? | ZeroHedge
- Socialist Exceptionalism | ZeroHedge
- Meet Loretta Lynch – Obama’s Attorney General Nominee Who Might Be Even Worse than Eric Holder | ZeroHedge
- Dollar Is Wandering Off Track | Financial Sense
- Gold, Silver, & Weed | iBankCoin.com
- SWIFT and Yuan-Internationalization | Financial Sense
- Superpower Blunders: Czechoslovakia In 1938 | ZeroHedge
The most relevant financial news and articles from the Internets
- Serena wins first set of Australian Open final... | Business Insider
- A Tokyo real estate company is selling apartments with stripper poles to encourage... | Business Insider
- Amazon's Hit Man | BusinessWeek
- Snapchat is launching its first web series, and it stars Steven Spielberg's daughter | Business Insider
- Morgan Stanley thinks Russia's doomed | Business Insider
- The Amazon is burning | Business Insider
- Three Chad soldiers, 123 Boko Haram militants killed... | Business Insider