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.

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United States Oil Fund LP > Its a currency issue, we raised C $ 81 Million to build a

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Comment by CNInvestingon Sep 04, 2015 2:45pm

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Post# 24079979

RE:Its a currency issue, we raised C $ 81 Million to build a

Not all the cash is going into the plant construction. There is roughly USD $38 million in cash left, it's not ''nothing''. And yes, it does make sense to go after more cash in this commodity context then.
They should headquarter in the US anyway, I think it doesn't make sense to be based in Calgary.

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