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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Comment by myNEXTmillionon Oct 23, 2010 11:31am
346 Views
Post# 17602796

RE: NO CLUE!

RE: NO CLUE!Facts to consider:
1. 200 year potential resource of gas in ground and in storage in North America.
2. North American economy in the toilet.
3. Storage units are full...no more place to store it.
4. Coal still cheaper than gas for electrical generation.
5. Gas powered vehicles not in major use.
6. Winters are getting warmer.
7. Gas will be priced at the marginal cost of production (Encana can make a profit at $2.00 per MCF).

In short, excess supply outstrips demand...where do you think the nat gas price will be?  At no change in price, HNU likely will not go up.  For the next 2 to 3 years, I do not see the situation changing.  IMHO, we may see a seasonal blip in gas prices to maybe $4.50 to $5.00 but I think it will be very short lived.

I think it was last year, HNU did a reverse split (10:1 ???) so it may be heading that way again if it goes below $1.
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