Opinions
Richard Croft
VelocityShares 3x Long Natural Gas
UGAZ-N
DON'T BUY
May 13, 2015
$2.780
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
A triple leverage on Nat Gas to the upside. You are trading the front month futures in these leveraged natural gas ETFs. These are not good for long term holds. There is not a lot of steepness in the gas price futures curve. Hurricane activity is likely to be high this fall and that could disrupt supply. Investors need to be cautious with triple levered ETFs.
E.T.F.'s
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He is not a gas bull. He sees no surge in the gas or oil markets. He would rather use an option than to use a doubly leveraged ETF.