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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

BetaPro Natural Gas Leveraged Daily Bull ETF > NG Futures
View:
Post by bull_runz on Apr 08, 2024 12:21pm

NG Futures

US natural gas futures increased to over $1.8/MMBtu due to expectations of higher demand this week and ongoing reductions in gas production. Gas prices fell to their lowest levels in over three years earlier this year, prompting drilling companies to cut back on operations, particularly in areas like the Haynesville shale basin. The Haynesville shale saw a decrease in active drilling rigs, with only 34 rigs currently operating, the lowest since August 2020. Additionally, electric grids across the US are preparing for a total solar eclipse, which will temporarily reduce solar power generation and increase the need for gas-powered electricity.

Comment by BobbyBoy on Apr 08, 2024 1:13pm
Opressive Texas heat and rolling blackouts about one month away...."To the moon Alice!!"  HNU heading to $50.
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