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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 jethro549on Oct 10, 2016 11:42am
136 Views
Post# 25328111

RE:RE:RE:RE:RE:profitability

RE:RE:RE:RE:RE:profitabilityshare roll backs have a bad reputation, in may cases for good reason. I have seen them work and i have seen them fail. Usually when they fail is when the company doing the roll back is already so deeply buried that the roll back doesn't change any of the fundamentals. The company is essentially still worthless only with a higher share price. This is not the case with USO. looking at the many equity raisings the company has performed they have all been filled rather quickly, meaning that a large number of institutional money is involved. The fundamentals will not change with USO, the prospects and news flow will not change. They will open the plant, produce oil, expand.etc, do all the things that investors have contributed up to this point in order to profit from later. A 100 to 1 rollback is large but it also makes moving to a better exchange very easy. A graduation to the TSX is in the cards for the company. Also future fund raising becomes easier and more attractive to a company or firm looking to get involved. I would normally steer clear of a junior doing a roll back of this magnitude, but i believe USO is one of very few companies that will benefit from it. GLTA
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