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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 aweighon Jun 02, 2016 2:09pm
76 Views
Post# 24927952

RE:MCW Energy to restart Utah Oil Sands Production

RE:MCW Energy to restart Utah Oil Sands ProductionThanks for bringing this to our attention, It's an interesting read and process.
A couple of things to note though is that we don't really know the solvents used although they appear to be petroleum based because as the price of oil goes up so do the costs of recovery so although the margins improve they don't improve at the same rate as USO's should. Could be quite a significant differance in performance once the two technologies are up and running and a proper comparison can be made. 
Another huge issue is that MCW is broke and currently carries debt of around $ 23 Million in one form or another and unless cash flow ramps up considerably in the next short while they are going to have to raise money, that means equity @ .15 .
So when you compare the two their market caps, fully diluted, are very similar at around $ 40 Mill give or take so it's a horse race.
MCW financials are a bit convoluted and I didn't have time to read them but I think they have other caveats such as lease payments etc. etc. so that's a factor too.
No shortage of interesting ideas about how to generate clean fossil fuels from bitumen so that in itself is a good thing. 


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