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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZD

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

Post by ub40ehon Jul 20, 2011 11:30am
468 Views
Post# 18851780

POLL-US natgas stocks seen up 62 bcf in weekly EIA

POLL-US natgas stocks seen up 62 bcf in weekly EIA
25 minutes ago by Thomson Reuters

* Injection estimates ranged from 50 bcf to 80 bcf

* Median build in the Reuters poll was 61 bcf

NEW YORK, July 20 (Reuters) - U.S. natural gas inventories are expected to have risen 62 billion cubic feet last week, a Reuters poll of industry traders and analysts showed on Wednesday.

The U.S. Energy Information Administration (EIA) will release gas storage data for the week ended July 15 on Thursday at 10:30 a.m. EDT (1430 GMT).

There were 25 participants in the Reuters poll, with injection estimates ranging from 50 bcf to 80 bcf.

Storage rose an adjusted 55 bcf for the same week last year. The five-year average build for that week is 67 bcf.

The median build in the survey was 61 bcf.

The U.S. National Oceanic and Atmospheric Administration said there were 83 cooling degree days last week, four cooler than the previous week and seven cooler than the same week last year but 10 warmer than normal.

Degree days, a measure of departure in the mean daily temperature from 65 degrees Fahrenheit (18 Celsius), are used to reflect demand to heat or cool homes and businesses.

In last week's report, for the week ended July 8, overall storage climbed 84 bcf to 2.611 trillion cubic feet, well above the Reuters estimate of 76 bcf and the year-ago rise of 78 bcf but below the five-year average gain for that week of 88 bcf.

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