VelocityShares 3x Long Crude Oil (UWT) is an exchange-traded note (ETN) issued by Citigroup Global Markets Holdings Inc. It is currently trading at $0.23 but was trading over $45 in 2018. It is one of …
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Category: Commodities
Why Chesapeake (CHK) is Filing Bankruptcy
Chesapeake Energy Corp. (NYSE: CHK) just threw out its outlook and dramatically reduced its $8.5 billion in assets. This has caused the stock to drop significantly because CHK investors are worried about the company filing …
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Brent Crude Technical Analysis May 6 2020
Brent crude is forming an uptrend on the 4-hour chart. The trading is near the upper border of Bollinger bands, a downward correction is observed, the indicator cloud is expanded, which indicates a likely resumption …
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Gush Stock Continues to Collapses. End of Leveraged ETFs?
GUSH Stock continues to drop and is down an additional 30% today. DIREXION SHARES ETF TRUST DAILY S&P OIL & GAS EXP & PRD BUL 3X (GUSH) fell 81% on last Monday, or $4.11, to …
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Diamond Offshore Drilling (DO) Bankrupt
We warned investors that Diamond Offshore Drilling (NYSE: DO) was at risk of going bank on April 16. DO lost over $350 last year which was 2x the loss in 2018. Diamond has almost $2 BILLION …
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