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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 Frostyfreshon Apr 21, 2017 1:33pm
148 Views
Post# 26149727

RE:RE:RE:RE:News Release - April 13, 2017

RE:RE:RE:RE:News Release - April 13, 2017
They need more financing but will be in a much better position if they can show the full plant works first. I don't think they will have trouble getting money to finish the last leg of the process/ commissioning + ramp up, but they would be in a much better position if they can demonstrate that everything is going to work smoothly.

This may be a golden opportunity to buy between oil going lower and more financing needed, need to wait for the AGM in May or a news release to get a better picture.

 
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