I held shares OOO from Late Jan 2015 to mid Feb 2020. just over 5 years. I luckily got rid of them in Feb. Distributions over last couple of years was what was hoped for and a return to their original price ($50 range, which was prior to my purchase). Not a profitable investmentCan you hold OOO shares long term? If i buy OOO today, can i hold it for the next 5 years for example?
true and as such a slightly different but in my opinion better play on oil; But I also believe it is edged???so may be a plus, in my opinion a minus when aud is at 70c(i have not read back so this comment may be way off or already said)
FUEL is an etf for the companies rather than the commodity.
Yes, currency hedged. But still this is an ETF that holds actual stocks rather than the Oil futures that has rollover problems which is the case with OOO.true and as such a slightly different but in my opinion better play on oil; But I also believe it is edged???so may be a plus, in my opinion a minus when aud is at 70c
But are you not better off buying an equivalent, a la Duc, on the NYSE?Yes, currency hedged. But still this is an ETF that holds actual stocks rather than the Oil futures that has rollover problems which is the case with OOO.
The logic would be if someone wanted exposure to the oil price only, without any exposure to currency movement.why do you edge an oil ETF with the AUD at 70c? Just in case it reaches 80c in 3 months?
But are you not better off buying an equivalent, a la Duc, on the NYSE?
I have it on good standing, that your prediction is DOOMED.Now it's around 3.85 and should continue up on Monday following the WTI performance Friday night.
Don't do it, but I agreeIn fact, I will wager every cent I have on the matter.
Test for the wicked here in qldToo late.
Bets on! Guess we'll find out "soon" haha.
Enjoying your Public holiday anyone?
Yeah, places open finally. Have to queue up but worth the meals and drinks !Too late.
Bets on! Guess we'll find out "soon" haha.
Enjoying your Public holiday anyone?
I have it on good standing, that your prediction is DOOMED.
In fact, I will wager every cent I have on the matter.
I've changed my opinion.
If I traded oil, I'd be going short now faster than a rabbit down the hole... (rabbit down the hole is the gold safe haven analogy)
Oil inventorys are peaking. Way over estimates. India is nearly chockers as is the US.
Expecting US Weekly Production figure overnight, am expecting another big (bigger?) drop. Has to be.
Still have absolutely no idea about futures though. Not my area.
Loving the investing.com site
@Joe Blow .
Good move.
https://m.au.investing.com/news/com...ries--rose-17m-barrels--last-week-api-2144203
and
https://m.au.investing.com/news/commodities-news/oil-snaps-3day-rally-on-crude-build-worries-2144136
Reminds me of my cousin years ago, pretending with my first mobile phone (brick)...
He mashes some buttons...beep boop bip beeeep, (ringing the broker)...
"Yep, buy gold, sell oil" ... never forgotten that, was funny as.
Now, trading 23 years later, it seems like he might have made the right call...
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