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Bullboard - Stock Discussion Forum 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... see more

TSX:HNU - Post Discussion

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Post by bull_runz on Apr 04, 2024 1:18pm

Natural Gas Futures

US natural gas futures fell more than 2% to below $1.8/MMBtu, following the EIA's storage draw report. The government data showed that US utilities withdrew 37 billion cubic feet of natural gas from storage last week, compared with expectations of a 38 bcf draw. The report also showed gas in storage is 38.9% above the seasonal norm. Pressure on prices was further heightened by milder weather and more modest output declines. The estimated output decline so far in April was revised down from a preliminary 4.1 bcfd on Tuesday to 2.3 bcfd on Thursday. Looking ahead, meteorologists predict cooler-than-usual weather until April 7, followed by a warmer pattern from April 8-19. However, forecasts indicate increased demand in the coming weeks due to rising gas flow to LNG export plants like Cheniere Energy's facilities in Louisiana and Texas. Flows to Freeport LNG's plant, however, remains restricted.

 
Comment by bull_runz on Apr 04, 2024 9:05pm
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