Tourmaline Oil Corp (Alberta) T.TOU

Just to correct myself, went long both in TUO + HNU

[CriticalMind55]

Makes more sense doesn' it?

[7Twiggy]

Can anyone give a short lesson on How HNU works with the positives and negatives.  Looks like a money  maker when nat gas makes a come back.

[Deuteronomy818]

HNU like HOU are daily trades linked to the daily performance of the commodity index and then re-set at the end of each day.  Not for long term hold.  As long as the price keeps rising day after day you'll do well but the daily spot price goes negative you lose the hedge and if it keeps dropping you'll lose big time the longer you hold it. At least that's my perspective, here

[CriticalMind55]

To put things in perspective, if you were on the right side HND or HNU, you could have made or lost 86% last year.  

[7Twiggy]

Thanks for all who provided info.  Did a little research and added a couple of positions HNU close to the end of the trading day.  Here is hoping. You would think we a near a ng bottom.  Now long on both HNU and TUO

[7Twiggy]

Headline and comment should read TOU