Replies to post #28439 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[BostonTrader]

Saudi Arabia's cost has been estimated in the $4-$7 range per barrel. Now the problem that is bigger is the kingdom will run out of cash reserves in a few years if prices stay this low because of the subsidies they give their citizens.

[pennyplayer777]

Scary. Your post that you posted while I was writing mine was almost exactly the same. Lol

[BostonTrader]

There is almost no chance uwti makes it under $1.00, a reverse stock split would happen first.