OOO - Betashares Crude Oil Index ETF - Currency Hedged (Synthetic)

[frugal.rock]

Total FY profit.
$139,329,000
Profit already paid (as 3 x distributions mid year)
$46,860,000

Difference (Remaining profit)
$92,469,000

41,161,002 units (shares) on issue (August 2021)

$92,469,000 / 41,161,002 units
= $2.2465196546964 estimated remaining FY distribution per unit

Current share price $6.23
(closing price 5/10/21)

 

[qldfrog]

Total FY profit.
$139,329,000
Profit already paid (as 3 x distributions mid year)
$46,860,000

Difference (Remaining profit)
$92,469,000

41,161,002 units (shares) on issue (August 2021)

$92,469,000 / 41,161,002 units
= $2.2465196546964 estimated remaining FY distribution per unit

Current share price $6.23
(closing price 5/10/21)

In any case, oil up and inflation are here so ooo even wo distribution probably not a bad bet..so my entries.so far so good..real issue is do you put a SL on such a volatile share, and if so how much for a medium term hold

 

[frugal.rock]

September units on offer disclosure announcement out.
39,661,002

$92,469,000 / 41,161,002 units
= $2.2465196546964 estimated remaining FY distribution per unit

= $2.3314842121235

Using the updated units (Sept) figure.
That's my final guesstimate.

 

[wabullfrog]

Have asked Betashares about the Distribution, a couple of excerpts from email below.

The BetaShares Operations Team is currently looking into making OOO distribution information and content consistent.

....

it is not the objective of the Fund to provide regular distributions to Unitholders. In some circumstances, however, the Fund might generate amounts of income and such income will be distributed to Unitholders at least annually.

....


Although, if no estimated announcement is made on the quarterly date when the announcement is made for other funds it is likely OOO is not distributing for that period.

 

[frugal.rock]

So are you still thinking there won't be a distribution?

Nothing in your email excerpts indicate that there won't be.

 

[wabullfrog]

So are you still thinking there won't be a distribution?

Nothing in your email excerpts indicate that there won't be.

Last part of the quoted text in my previous post indicates to me that I would not be expecting a Distribution paid this month. Perhaps they will do something like they did in April this year where the Distribution Announcement was separate to the normal Quarterly Announcements.

Seems like they are just making it up as they go...

 

[frugal.rock]

You seem to be getting confused re timing quarterlies or annual announcements etc.?

Other funds may have made a quarterly announcement in the last few days. (Irrelevant here, not talking about a quarterly distribution or result)

I've been discussing results from the annual report.

Distributions (as implied by profits tabled) and announcements of such, shouldn't get confused with quarterlys.

Annual report.
Distributions made for first 6 months of FY profit.
Waiting on distributions for 2nd half of FY year profits.

The distribution information "consistency" issue is probably around being stated quarterly, semi annualy or annually.
I believe it used to be annually or semi annualy.
I believe somewhere they stuffed up (in the last 12 months) and tabled as quarterly?, a copy paste error I believe...

 

[Miner]

I was intrigued by @Ann 's new thread and selection of OOO and earlier postings on this thread.
Noticed the comparative position - putting OOO on my watch list. DNH
From geopolitical perspective with Iran vs Israel and late's effort in courting Arab world and UAE, hopefully there would be some bump on oil prices. Currently fuel bowsers are running very low.

 

[Ann]

An approach that might have value would be for those so inclined to trade OOO as OOO.

That is trade it on the technicals of the OOO chart and completely ignore any idea about it having something to do with the oil price, just focus on OOO as OOO and ignore the oil bit.

I truly should have read this earlier Smurf.

I just sold this, fool that I am. I was using MACD and RSI and the POO chart. Look at the remaining indicators, they are fine. Look at the chart, just jumped above its sideways channel resistance line. MACD and RSI, are now gone from my charts!

 

[pavilion103]

Bought at $2.90 low.
Still holding ?

 

[finicky]

A half position recommended by Greg Canavan over a week ago. He saw the languishing price as figuring in a recession and creating an opportunity for longer term defensive investors. Also included a chart showing how the oil price has significantly underperformed energy producers.
The all data monthly chart looks good to me (thumb image) - consistent nice tiny candles levelling out above the 2020 low

Not Held

Daily

Monthly

 

[divs4ever]

A half position recommended by Greg Canavan over a week ago. He saw the languishing price as figuring in a recession and creating an opportunity for longer term defensive investors. Also included a chart showing how the oil price has significantly underperformed energy producers.
The all data monthly chart looks good to me (thumb image) - consistent nice tiny candles levelling out above the 2020 low

Not Held

Daily
View attachment 151922

Monthly
View attachment 151923

one possible curve-ball is a disconnect between the Petro(leum ) and the ( US) dollar

another would be another definition change ( on something )

it is very hard to win in a rigged game ( the US dollar and oil production/inventories )

good luck

 

[finicky]

Light bulb thought explosion *
Maybe with the uranium etf (URNM) having gone so well a contrarian bet would be to buy this fossil fuel one at the right time and await a run.
* patent pending

Not Held

WEEKLY

 

[peter2]

Started to accumulate a position in this oil ETF. I'm buying this dip. Currently WTI oil is approx $74/bbl. It may go lower but I think OPEC will try to keep it above $70 forever. So I think we're near the low now.

This dip has carried price to the 50-62% buy zone of the prior move up from the Dec23 low. It could go lower and I'll add at one of the levels I've marked on the chart. I'll also add if it rallies (>5.80) as I can then place an exit stop at 5.40.

 

[divs4ever]

Started to accumulate a position in this oil ETF. I'm buying this dip. Currently WTI oil is approx $74/bbl. It may go lower but I think OPEC will try to keep it above $70 forever. So I think we're near the low now.

This dip has carried price to the 50-62% buy zone of the prior move up from the Dec23 low. It could go lower and I'll add at one of the levels I've marked on the chart. I'll also add if it rallies (>5.80) as I can then place an exit stop at 5.40.

View attachment 178258

that will depend on if OPEC+ want short-term profits over market share , if they keep ( or increase ) market-share now ,rising costs will delay ( or cause abandonment ) of non-OPEC+ projects later , in many cases

 

[Garpal Gumnut]

Started to accumulate a position in this oil ETF. I'm buying this dip. Currently WTI oil is approx $74/bbl. It may go lower but I think OPEC will try to keep it above $70 forever. So I think we're near the low now.

This dip has carried price to the 50-62% buy zone of the prior move up from the Dec23 low. It could go lower and I'll add at one of the levels I've marked on the chart. I'll also add if it rallies (>5.80) as I can then place an exit stop at 5.40.

View attachment 178258

My midweek research took me to OOO. I'm pleased to see you with an interest @peter2 .

I believe it to is wise to plan adding lower. There are so many large actors and events impacting the POO that a consensus target is rarely reached, for entry or for exit. OOO seems to have rallied nicely since your post.

gg

 

[peter2]

Having banked the last dip buy in June24 I noticed that WTI is back down again near $74 and therefore OOO is back on my radar.

This time it's interesting (isn't it always). Threat of recession -> lower oil price vs unrest in the Middle-East -> higher oil price.

 

[peter2]

Still buying OOO every time WTI goes below $70.
Trading this ETF isn't the best instrument to use for the trade idea, but it's easy and a handy use of the unused portfolio cash (better than bank interest).

Iran oil terminals not bombed. Darn. Can't hold anymore on the hope it might happen.

 

[qldfrog]

Still buying OOO every time WTI goes below $70.
Trading this ETF isn't the best instrument to use for the trade idea, but it's easy and a handy use of the unused portfolio cash (better than bank interest).

View attachment 185712

Iran oil terminals not bombed. Darn. Can't hold anymore on the hope it might happen.

I sold yesterday nice profit..
Will do it again when available to trade.. relatively easy as Peter noted