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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 RayTeeon Nov 08, 2016 10:43am
131 Views
Post# 25436465

RE:First Production

RE:First ProductionI dunno, that's an awful large assumption to make.

The company is looking to raise funds for working capital.   Most likely it will be a line of credit, but could possibly be some equity financing. 

It is conceivable that they are doing a test run of the facility without making a press release, but I think this is unlikely.   A press release would or should have been sent out if this has happened.


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