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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

Comment by Barolo12on Dec 29, 2010 1:50pm
323 Views
Post# 17902521

Will see how it closes

Will see how it closesRight now still holding my HNU.  Waiting to see what the price of NG does during the last 1/2 hour.  Annonymous was shouting last Friday about how NG would fall on Monday & Tuesday, gave multiple reasons for it etc and the opposite happened.  Cold weather in Florida & a gas leak in underground storage helped push it up.

The gas leak is the most intriguing for me because the market has always assumed that once in storage there is no reduction unless it is used.  Well this has put a new twist into the equation.  If you can "lose" NG from storage,  how accurate are the storage numbers?  How much is being lost due to the leak?  What will this do to gov't regulations for storage of NG?

The market hates unknowns so I see this story as having significant emotional impact on NG trading.

My inclination is to sell my HNU today,  but I might keep some and roll the dice for tomorrow.
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