Velocityshares 3X Long Natural Gas ETN (UGAZ)

[fitzwell11]

Agree with your sentiment and was lucky enough to saddle up with $22.60s.

Two thoughts,

1. I think the oil recovery will be slower than 2016 which will mean less fracking and less NG supply.

2. With people stuck at home, we could see more NG use, especially if we get a hot spring.

The big unknown as you mention is how bad the demand shock is from Covid. Willing to dice roll down here.