Natural Gas Supplies Light up US Natural Gas Fund, Chesapeake, and Devon (CHK, DVN, UNG)

United States Natural Gas Fund, LP (NYSE:UNG)

Shares of the United States Natural Gas Fund, LP (NYSE:UNG) are up 5.9%, Chesapeake Energy Corp. (NYSE:CHK) up 1.28% and Devon Energy Corporation (NYSE:DVN) climbing 1.8% thanks to natural gas supplies dropping for the second week in a row.

Gas Sector a Bargain

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Somebody will eventually make a great profit from the 2008 collapse in natural-gas prices.  Take a look at the chart of SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSE:XOP) and you will see that it absolutely fell off a cliff between July and September 2008.  Ouch if you were hanging on to gas or oil stocks, although this provides a great value play opportunity in 2009.  The problem is

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