RE:RE:Possibly at $ 0 ?Chris_toronto wrote: Flamand wrote:
If crude oil return at a negative price, Do you think HOU would reach $ 0 and we would lose everything?
Good question. Anyone have an answer?
Facts we know: HOU is 2X the July contract which now is $21.25 and at which HOU NAV is $0.525
Chris, HOU is now operating at 1X, please go to their webstie and read the new releases highlighting all the changes...
As long as the front contract suffers the cost of no storage, as we approach roll over (may 20ish), we are somewhat protected holding the 2nd contract.
However, the curve keeps coming down and that does effect us.
We need it to become more flat, remove the contango, but the world continues to price in the issues, short term, and be some what optimistic med to long...
Not the best setup for HOU