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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 BUTLER4U2on Dec 19, 2008 3:29pm
407 Views
Post# 15658005

Why are we talking $30 oil

Why are we talking $30 oilI don't think too many producers can make money at $30.00 oil these days,the wages ,the rigs etc. are  a lot more expensive than they used to be.Low oil price means exploration cuts down and gets less oil pumped out of the ground.then a lot of small oil and gas companies go bankrupt.soon you see a shotage of oil hitting the market and BOOM up climbs the price.These oil companies are not going to pump it IF THEY CANT MAKE A HEALTHY PROFIT.
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