Post by
7Twiggy on Mar 02, 2024 10:42am
My thoughts
Posted this on the HNO board
Your are right, comments on this board have no impact on this etf. I have only been following it for a few weeks. You are wrong about the uptick, actually there were two in this last short period. Missed the first one, I was greedy, but sold half my position on the second. Did fairly well. Had a lot of help from a couple of posters on this and the TOU board. Did not know much about this etf. One poster suggested that I plot a graph of natural gas prices against the etf prices, and he or she was right, this follows the price of natural gas extremely close. When ng falls so does this etf and a similar one in American funds.(BOIL) Both these etf's are priced at levels near the bottom of their 52 week range.
HNU 3.50 to 38.50 and BOIL 13.45 t0 159.40, yes 159.40. Had a position in American funds that was sitting still so I moved the proceeds to BOIL. Got in a bit early, but think it has a lot of potential. It is volitile and risky but I think the upside for natural gas is far greater than the downside. Don't think we will see these levels forever. Many companies reducing production and a new pipeline opening up later this year in Canada to allow sales to overseas countries. Thanks for the posters that helped me understand this play.
Hopefully my bets will work out, however I have been wrong before. TOU is another story, less risky by far, however looks to me and numerous analysts as a very good buy. Started adding at 53 and will continue to add unless the prices goes out of sight. What's not to like about a 2% dividend and four special dividends.
To add the icing to the cake, did I mention Mike Rose has been named outstanding executive of the year and bu the way I think the seasonality of natural gas should be heading upward.