BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s): HNUZF

HNUs 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 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.

TSX:HNU - Post by User

BetaPro Natural Gas Leveraged Daily Bull ETF

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Post by robbie25on Oct 15, 2009 12:19pm

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Post# 16390583

Interesting report from the EIA

Natural Gas Weekly Update

https://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

Here's some excerpts that I find interesting.

"...The National Oceanic and Atmospheric Administration (NOAA) predicted that the upcoming winter would be 1 percent warmer than both last winter and the 30-year average "

"....The spot price of natural gas at the Henry Hub averaged $3.06 per thousand cubic feet (Mcf) in September, which is $0.17 per Mcf lower than the average spot price in August. EIA expects prices at the Henry Hub to average $3.85 per Mcf in 2009"

So considering every single futures contract is above the EIA's estimate, what does taht say for HNU? After all Dec is $5.42 right now........That means that for HNU to make any money Dec needs to go higher then that. There's $1.57 between the two prices, and I don't believe the EIA would be THAT wrong on them. Of course, they dont' knwo everything, but if come Dec gas is anywhere near $5.42, then the EIA guys are way, way off. Considering this is what they do, I doubt they would be that off.