Decay yes...both DWTI and UWTI are ETNs that experience decay. But to say that long term UWTI won't see big gains due to decay is to say last year that DWTI couldn't run from the low $20s into the mid $100s due to decay.
You won't see UWTI in the $100s but long term most certainly you could see this in the $10s. Even at $4.50 we're looking at 100% ROI...easily reached within next 1-2 years. Patience is key here. This isn't a penny play.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.