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@pavilion103 , on that thread, look back toward end April, we have discussed OOO a lot then with plenty of valuable information
@pavilion103 , on that thread, look back toward end April, we have discussed OOO a lot then with plenty of valuable informationHello friends. I have questions about oil...
Recently I bought into the Betashares crude oil index ETF on the ASX.
I bought $10,000 @ $2.90 and
$5,000 @ $2.97
For an average price of around $2.93.
I know about the risks with contract expiry and prices.
I have a question however.
From my calculations the dividend of 5.978c in April means a yield on my average purchase price of 8.12%.
However I saw that this was slashed from over 40c the previous quarter.
Is this almost certain to fall further next quarter?
Also why doesn't the price on this ETF reflect the percentage increase in the WTI futures.
For example I bought in when WTI was around $12 and its now $34.
BUT I do know that the ETF is linked to the June July and August contracts.
Is the reason why prices don't move the same percentage wise have anything to do with the ETF costs, dividend payment and potential costs when moving from one month's contract to the next?
Still it is much lower than the WTI movement.
Any thoughts would be a tremendous help
Has anyone else purchased?
Which thread my friend? Is there a specific one for OOO?@pavilion103 , on that thread, look back toward end April, we have discussed OOO a lot then with plenty of valuable information
Which thread my friend? Is there a specific one for OOO?
How can I find it?
Thanks so much
It's also laid out clearly at their website:Which thread my friend? Is there a specific one for OOO?
How can I find it?
Thanks so much
Hi @Pavilion, much of the talk was within this thread, looking at US similar ETF changing its rules, and the way OOO does NOT match oil price curve, in any way etc Especially the way it is NOT a tool for any even medium term holding.I learnt a lotWhich thread my friend? Is there a specific one for OOO?
How can I find it?
Thanks so much
Thank you
There are a lot of pagesHi @Pavilion, much of the talk was within this thread, looking at US similar ETF changing its rules, and the way OOO does NOT match oil price curve, in any way etc Especially the way it is NOT a tool for any even medium term holding.I learnt a lot
Thanks so muchA good podcast about ooo
https://www.aussiestockforums.com/t...ussion-and-analysis.797/page-128#post-1070033
All credits to @InsvestoBoy for that gem, but please, if you can, follow the discussion around that time, a lot of knowledge.Thanks so much
I'll second that one - anyone considering buying OOO should read everything that's been said regarding it very, very carefully to understand exactly what they're investing in.All credits to @InsvestoBoy for that gem, but please, if you can, follow the discussion around that time, a lot of knowledge.
I had a listen.All credits to @InsvestoBoy for that gem, but please, if you can, follow the discussion around that time, a lot of knowledge.
does anyone know what the storage situation is as of now?
does anyone know what the storage situation is as of now?
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