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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 Jan 30, 2017 11:56am
210 Views
Post# 25772604

RE:RE:Such great news approval

RE:RE:Such great news approvalthe stock isnt trading because people dont know what to make of the lack of activity.

on one side, commissioning, startup and production is expected to start any time. (which should boost the share price.

On the other side, we were told this would happen in January back before Christmas when they secured the line of credit.

the website was updated in January, and they wouldnt commit to a date, it just says this will happen sometime in Q1.

While I wouldnt be surprised if they are prepping for the commissioning phase, it has taken longer than I'd like to see. 

anyhow as a result of all this, there is a whole lot of inaction in the market.  Lots of people are holding in anticipation of some action.   some have been scared off by the inaction or slow movement of this process.

the end result is a stagnant share price with very low trading volume.   


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