I'm looking at buying stocks and noticed that the price of natural gas is almost at an all time low. In particular I'm looking at a stock called UGAZ (3x leverage) This seems like a good buying opportunity to me because I don't feel that these natural gas prices can stay so low. However, that's just speculation.
Is there a fundamental reason gas is so low right now? And what would cause it to recover? Aren't these prices too attractive not to buy?