United States Oil Fund LP V.USO.RT

Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

ARCA:USO - Post by User

United States Oil Fund LP > consolidation

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Comment by CNInvestingon Nov 30, 2015 7:59pm

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Post# 24340662

RE:consolidation

Storm23 wrote:
not that far from a billion shares outstanding and trading at 8.5 cents the only plus here is no NDP government to screw things up further.

If anything the NDP (Alberta government) is a good for this company's future prospects. The 853M shares outstanding isn't much of a problem. They financed the whole thing in stocks. Share buybacks will take place enventually but it's way too early to discuss that. Don't lose patience.

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