Bullboard - Stock Discussion Forum BetaPro Crude Oil Inverse Leveraged Daily Bear ETF T.HOD

Alternate Symbol(s): HBTPF

ng of shareholders on July 2, 2020 (see Recent Developments). HOD's investment objective, which became effective at the close of business on July 9, 2020, is to seek daily investment resHOD's investment objective was changed after gaining approval at a meetiults, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two... see more

Add To Watchlist

TSX:HOD - Post Discussion

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF > For 30+ years

View:

Post by goldenrivit on Jun 16, 2022 7:24am

For 30+ years

I have studdied the effect of oil prices on the global economy and traded oil.My first education was reading the Prize The Epic Quest For Money Power And OIL by the "Warren Buffett" of oil Dan Yergin.Right now the headlines of oil supply crunch is popular.But the collapse of the oil price to -$40 in 2020 ushered in the current supply shortage.No company wanted to spend money on E&P in a money losing oil price.The needle went minus -$40 to +$130.That swing usherd the current demand destruction and WHITE HOT inflasion.The UK says inflasion is heading to 15%.So with global demand destruction with a near like depression in 2023 the loss of 3 million BPD from Russia will be met with 3 million BPD demand destruction putting the market in balance by 2023.Oil prices trade at $50 in balance.So ajusting for current inflasion my target is $55 to $60 in 2023.Want to profit in a near like depression when everyone is losing their shirts in markets?Sell HOU go long HOD.I see HOD at $10 by year end.

107