This is pure speculation. UNG is trading in low to mid $7 now, with the life low at $6.82. With the current trend and the way the fund is set up, there is no doubt that it will drop below $5.00. This will cause a lot of problem in the financial market. With this, UNG may have to do reverse split, just like what ProShares did with some of its ultra-short ETFs. They did 5:1 and 10:1 reverse splits. The huge contango market really hurts it.