Microsectors US Big Oil Index 3x Leveraged ETN (NRGU)

[Steady_T]

IIRC there was mention of the possibility of a reset in the prospectus. Does anyone have any insight into that possibility or process?

[Taurus69]

$nrgu $1.56 v -0.02 (-1.27%)
Volume: 4,117,517 @09/30/20 4:36:15 PM EDT

[nssrr5]

Now come on 2

[nssrr5]

I will be buying more there if you are correct but will also be buying more at 2. These levels are a ridiculous gift.

[I-Man]

Or as I hear a potential exists for this "Fund" to be dissolved too...

Just watching from sidelines. If it dropped say around 1.50 and based a while. I "may" entertain a small position but I have many fish in the frying pan to manage now

[The_Free_Nebula]

I added a few down here myself...Winter months coming in the north...

[dealerschool2006]

since we don't know when the bottom will be, buying more NRGU will actually be beneficial by next year, or even eoy...

[nssrr5]

Buy low sell high. Buying all I can down here and waiting.

[totffe]

Careful here. We could be in a slide down for quite awhile. The impact of the virus shut down is just now starting to be felt and the V recovery that economists had hoped for may not be reality. Oil demand is weakening and can't get above $40 for long. NRGU could go south of $1 and be reset. We might not get any strength until we get a vaccine and the November election chaos is behind us. GLTA

[nssrr5]

Just bought another chunk getting my average to 2.21. Ready for this to turn. Good Luck all...

[maent]

Watch for the AH spike back up to the 1.80 range.

[maent]

I'll continue to add below $2 as funds become available.

[Steady_T]

Gutsy move. Good luck.

[maent]

Added another pile at 1.64

[Steady_T]

It's getting giftier by the minute.

[maent]

Anything under $2 is a gift!

[needfaspeed]

When will the bleeding stop...geesh. Hope we can bottom out here.

[pay streak]

Looking to test lows?

[dealerschool2006]

felp wasn't an ETN company like NRGU...

[nssrr5]

Long term love the play. Thanks.

[RJ Trotts]

Steady. This is a great one to trade. With the market volatility. Great seeing you here. Best to you.

[Steady_T]

Hey RJ. Good to run into you.

Just discovered NRGU and am learning about it.

[RJ Trotts]

I picked up 1.88 earlier today. Hoping for a nice bounce. I think you will be fine. Best of luck to you.

[nssrr5]

I just made my second very large buy. Got a nice chunk with an average of 2.68 now. I should have waited with my first buy which was at 3.08 but still like the average. Good Luck to anyone playing...

[Cuppy]

Thanks for your detailed analysis!

[JohnCM]

Not interested. But thanks ...

go back research FELP earlier this Spring

[I-Man]

JOhnCM, PLEASE go back research FELP earlier this Spring, which was a trust also, and see what happened to all of us Shareholders in that energy trust by the fkng lawyers who ran it !!! I held like 250,000 shares myself...

Wall Street and US securities markets need to be overhauled in every sector ...

[I-Man]

Cuppy my advice BE careful here !

I recently had another energy related company (FELP then FELPQ after was delisted to OTC) go into a fast BK few months back (screwed all Shareholders bad), and when they did, they had IRS forms sent to all Shareholders calling themselves a "fund" and such, they wanted every shareholder to take a piece of the share losses on this IRS tax form and send to IRS !!! They called Shareholders "Unit holders of the Trust", and thus, each management stated every Shareholder ought to be responsible for percentage of the company losses going into bankruptcy due to management's inept ability to run the said corporation correctly !!!

Nobody ever heard of such a thing, we had our business CPA look into it, and in the end, is "Be careful" with anything called a "Trust" out there... Very dubious things going on everywhere...

This is an intra-Bank (Bank of Montreal) Noted trading deal of some sorts from what we can find out- Very high risk and TD itself has massive margin requirement of at least 90% on it right now...

GLTA

[JohnCM]

It's a trade!

[Lowjack]

Gulf oil production will be shut down again over the weekend. New storm.

[Cuppy]

Just discovered this and am starting DD on it.

Some comments regarding the potential dissolution of the fund. How does that even happen? Presumably the fund owns the ten oil companies listed in the intro... so one day the management just says "sell all our positions" and that's that?

I would think they would have to then distribute the proceeds to the shareholders before doing so.

How are the management fees for this fund?

What does the fund DO to get the 3x leverage?

thanks!

[nssrr5]

It may but it will still continue to trade. So no big deal.

[JohnCM]

Careful. The fund may be dissolved like so many others this year.

[nssrr5]

Loading all I can down here...

[JohnCM]

You might be wondering, why is NRGU sucking in the 80's?

[JohnCM]

This ticker might be left hung out to dry by Microsectors.

If not, buy in big here.

[Taurus69]

$nrgu $1.94 ^ 0.05 (2.65%)
Volume: 4,678,585 @09/11/20 8:00:00 PM EDT

[RJ Trotts]

Prob so. I am on the sideline. Watching for now. Best to you.

[totffe]

I am thinking we go lower. Maybe a lot lower. Crude inventories are growing again and WTI price is sinking. Oil demand is, to me, a serious indicator of economic health. The big cap oil companies that drive this ETF are all sinking. Exxon is going to have to cut its dividend. Keep some powder dry in case we get the chance to buy lower. GLTA

[nssrr5]

Has to be. This is crazy indeed.

[RJ Trotts]

I am watching for an entry. Best to all here. Crazy that we are under $2. I did not expect this, however it is probably a great opportunity.

[nssrr5]

Under 2

[nssrr5]

I should have waited on my first buy but my second buy will be under two bucks. I am going to grab all I can as well.

[totffe]

Yep, and I'll buy all I can.

[nssrr5]

Looking that way.

[pay streak]

WTIC still has that gap around 22 to fill, so under 2 this goes

[Lowjack]

Did you see the prospectus with a capped 20% upside but unlimited downside!

Play: Sucking sound!

[nssrr5]

In for quite a bit - if she pulls back more I will pounce again!

[nssrr5]

I am getting in today - good luck

[Taurus69]

$nrgu $2.99 ^ 0.15 (5.28%)
Volume: 3,587,481 @08/28/20 8:00:00 PM EDT