Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s 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%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Post by Hqzuj12on Feb 13, 2009 12:58pm
395 Views
Post# 15777578

HOU very speculative

HOU very speculativeIn my opinion suppose the price of Oil were to increase to $50, then it is expected that the future price on contracts will be higher. So HOU would trade higher. But in this market Oil is dropping and some speculate that it will go to $25 per barrel. Why would refineries want to buy $42 dollar oil when it is now at $35. I'm staying away from this ETF for now at least untill the economy looks better. I'm sorry I got into it and now with a loss.
Bullboard Posts