Opinions
Richard Croft
HBP NYMEX Oil Bull+ ETF
HOU-T
PAST TOP PICK
Oct 23, 2009
(Top Pick Dec 24/08 23%) Natural gas was so low. His expectation is now worse than oil, which is $85 in a year.
$10.510
Stock price when the opinion was issued
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Levered at 2x, hedged to the CAD, holds futures contracts but not shares of oil producers.
If you want to speculate on oil, is this a good vehicle? Very, very risky.
One good thing about being in the stock market is that if you don't get it right, right away, over the long term you tend to get bailed out. Products like this have serious tracking errors. You have to be very careful. Only for very short term. He wouldn't use it. The oil price is manipulated.
Lots of oil stocks are pretty cheap, pay nice dividends, have good shareholder returns. That's what he'd do. It's more boring, but less risky.
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