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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

Comment by chillyballson Oct 08, 2016 4:24pm
54 Views
Post# 25325854

RE:am i reading this right...

RE:am i reading this right...
A very legit question.... this site says 3.41Billion.... Google says 998 million but has market cap at around $103MM divided by .045 is more like 2.3Billion shares and yahoo says market cap $75million which about 1.7Billion shares but is likely quoted in US$$ so 2.3Billion is closer.  Bottomline there is a rights offering that I think is not yet completed but will easily push over 3Billion shares anyway so ...yes..I believe in access of 3Billion shares is accurate.
Expect a roll back at some point and a longer term hold for equity growth....my opinion!!
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