Crude Oil Discussion Board

[JohnCM]

NRGU

My first buy is right here with CRUDE below $20.00

But if you look at NRGU it was up after hours. I am waiting for $2.00.

And $1.75 and if you are lucky $1.50.

Simply hold until CRUDE rebounds to $30.00 within 3 months. for a double.

Description

The return on the MicroSectors™ U.S. Big Oil Index 3X Leveraged ETNs (3X ETNs) is linked to a three times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the Solactive MicroSectors™ U.S. Big Oil Index. The Solactive MicroSectors™ U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors™ provide concentrated exposure to 10 stocks in a given sub-sector, or “microsector”.

The ETN seeks a return on the underlying index for a single day. The ETNs are not “buy and hold” investments and should not be expected to provide a leveraged return of the underlying index’s cumulative return for periods greater than a day.