Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF T.HOD

Alternate Symbol(s):  HBTPF

ng of shareholders on July 2, 2020 (see Recent Developments). HOD's investment objective, which became effective at the close of business on July 9, 2020, is to seek daily investment resHOD's investment objective was changed after gaining approval at a meetiults, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the inverse (opposite) of the daily performance of the Horizons Crude Oil Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYCLER). HOD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HOD employs absolute leverage.


TSX:HOD - Post by User

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF
Bullboard Posts
User Avatar Image
(0)
•••
Comment by wizwizon Jan 22, 2009 11:23pm
632 Views
Post# 15722858

RE: specboy & catmandue 666

RE: specboy & catmandue 666POINT 1 - 6 MILLION BARRELS WITH WTI...WHY WOULD REFINERS PURCHASE SOMUCH OIL AND STORE IT IF THEY THOUGH OIL WAS HEADING LOWER. CRACKSPREADS FOR GASOLINE HEADING HIGHER.

Because they bought the oil at the spot price of $37 and have already sold it for the December contract price of around $55. All they have to do now is hold it for 11 months and they make $18 a barrel. Their $55 is guaranteed. That's why all those tankers are sitting full of oil, they will deliver the oil in December for $55 as promised. As we get closer to December, the spot price and futures price will merge. Whether it is higher than $55 or lower than $30 is anyone's guess. We'll just have to wait and see what the demand is like. Can oil go lower than $32? I wouldn't bet against it. A lot has to do with demand (inventory) and the U.S. $.

WizWiz
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities