TSX HNU Natural Gas Bull Plus 2X ETF
TSX HNU Natural Gas Bull Plus 2X ETF
Long position from Natural Gas Index price of $2.73 equivalent to $3.54 in HNU.
Inventories announced biggest surplus injection yet this year leading to massive sellof last five days.
This is an excellent entry for a long position if you are willing to bet on hotter weather developing this summer.
Coal fired power generation plants are being phased out due to environmental regulations, replaced by natural gas burning turbine generators.
The gas drilling rig count is sharply reduced from last year's numbers so there is no expecation of significant production capacity coming online.
Long position from Natural Gas Index price of $2.73 equivalent to $3.54 in HNU.
Inventories announced biggest surplus injection yet this year leading to massive sellof last five days.
This is an excellent entry for a long position if you are willing to bet on hotter weather developing this summer.
Coal fired power generation plants are being phased out due to environmental regulations, replaced by natural gas burning turbine generators.
The gas drilling rig count is sharply reduced from last year's numbers so there is no expecation of significant production capacity coming online.
