UNG Price maybe showing signs of a bottom. Supply will be cut as the price of gas is outpacing the production costs. The reason you see them flames on the top of the rigs is the gas simply been burnt off.
Also many coal plants being forced to close and a towards spring / summer there will be greater demand for electricity.
UNG we start covering natgas via UNG. Any price sub 6, we will be net long. Any price below 6.5 can be considered to scale in. Seasonality wise natgas should be around the lows, peak happens end of September and mid october.