Keep an EYE on natural gas

Natural gas is extremely low and looks like it is stabilizing for the short term swing. We are in the winter season and last thursday, the EIA natura gas report shows that it rose less than expectation. Oil prices has been rising, therefore, natural gas may start looking more and more attractive.

However, Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (HNU.TO) has announced on Nov.10,2011 is intends to consolidate the units of the ETF 1:4 ratio. Back in history, whenever it consolidates it normally goes down when it is announced, then up a little the day before and the day after consolidation occurs, and then falls even more.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.