United States Oil Fund, LP (USO)

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Apparently it gets all of the downside and none of the upside. What a horrible fund.

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Joakim Gasslander Jun 15, 2020 14:46

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SARS COVID-19 will be around forever. This will impact how people travel and no fossile transport should expect to recover from that fact in this decade. Will be a huge impact in oil related companies and other related assets.

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Nabeel Qabane Jun 15, 2020 10:48

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Is this a good time to buy to achieve the goal of 3 or 4 dollars profit per share within a short period ??

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Joakim Gasslander May 23, 2020 14:57

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‪Shale Drillers Face Multibillion-Dollar Hedging Crunch Amid Rout https://www.bloomberg.com/news/articles/2020-05-20/shale-drillers-face-multibillion-dollar-hedging-crunch-amid-rout‬

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Joakim Gasslander May 21, 2020 16:42

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https://oilprice.com/Energy/Energy-General/Worlds-Third-Largest-Oil-Consumer-Sees-Very-Slow-Demand-Recovery.html

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Nneka Nk Apr 24, 2020 15:47

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https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html June contract +0.40 August +0.01 September +0.01 Enjoy our gains bears (the tail is turning negative)

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Nneka Nk Apr 24, 2020 15:47

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Gabriel Bot Following up on my previous comment > June -0.97; July -0.79; August -0.61; Sep -0.42; July already dipping under $20; closest contract above $30 is March 2021....I would watch the curve very closely tomorrow, USO might be hit hard. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

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Gabriel Bot Apr 24, 2020 15:47

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So sad i made the mistake to buy 4k$ at 4.6 😢 some guys recomended

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Nneka Nk Apr 24, 2020 15:47

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Gabriel Bot :(( i'm sorry about that man, try to do a thorough research next time... i've been trying hard to prevent people here from buying it.....

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MIT Shah Apr 24, 2020 15:47

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At what price we can think for buying the etf for 1-2 years horizon and what price i can expect in that period ?

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James Bo Apr 24, 2020 15:47

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now probably the time

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Richard Stevens Apr 24, 2020 12:06

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Wti flying uso should follow

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Nneka Nk Apr 24, 2020 12:06

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WTI July just dipped under $20, last chance to join the short club

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Nneka Nk Apr 24, 2020 9:58

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Remember this one thing guys: Oil is not Tesla, fundamentals will play out here. If you want to bet on oil, just buy a leading oil company, they are down 50%! Why in the world do you need a vehicle which is basically a walking dead? Look on their website, it's been losing on normal contango since ages - the fund is down 93% since inception.... http://www.uscfinvestments.com/uso

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Chandra Sutanto Apr 24, 2020 9:58

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🤣would have lost money if I followed your advice. I disagree, crude will go up, uso will go up and learn from its mistake. Better decision making from now. We've done diverging between oil n stock index, it's converging now... index down near tops and oil up near bottom. You have to be blind if u can see it

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Nneka Nk Apr 24, 2020 9:58

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Chandra Sutanto Guys don't listen to all these bitter bagholding losers with zero analytical skills - since i started posting here USO went from $37.5 to $17.00, including a drop from $21.8 on 24 April. Oil had a small speculative rebound to $20 which gave USO some fresh air. This sucked in the last and most stupid of all investors into USO; those types deserve to lose their money.

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Nneka Nk Apr 24, 2020 9:57

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WTI crude went up 40%+ since Monday, while USO was up about 6%. USO is saving itself right now by switching to contracts for Jul-Sep and losing on supercontango. Contracts which are further away along the futures string are less sensitive to changes in current price as they are already priced quite high. If supercontango starts normalising, it's likely that future prices converge to current ones as there is no current demand, while even if measures are undertaken, it will take some time for them to materialise and have a tangible impact on the demand crunch. If June oil drops to spot price, further strikes will follow. If prices are slow to adjust and the curve stays in supercontango, USO will be decaying from the monthly rollovers. There is no way Jul-Aug prices will go further up without current prices rising. This is just the core.

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Nneka Nk Apr 24, 2020 9:55

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Just a note for you guys. For USO to start hovering above $3.5 area, June-August futures will have to shoot up >50% to 30s levels which is surely not happening in the next 1-2 months and maybe even until end of the year. USO will lose on supercontango for at least 2-3 more rounds.

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