- Joined
- 3 May 2019
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Oh no, US weekly production for the week of 19/6/2020, apparently production went UP...! by 500
to 11,000 (x 10,000)
I think the figures are getting fudged!
That just makes the "going short" conviction even stronger, in my opinion.
The previous panic was a case of "much ado about nothing".
It's getting very real, storages are chockers. POO down overnight.
Who's ready to take delivery of oil and get paid for it.... again?
I hold a small position in it but in doing so I'm consciously trading "OOO" as though it were just another random stock, I'm not thinking of it in terms of trading "crude oil" and using it as a means to effect that trade given the risk of a disconnect between the two.will take a while for people to forget what happened, will never invest in OOO for more than a day now
But many have short memories and new entrants will be tomorrow's suckers
and disconnect is a weak word whenyou remember what happenedI hold a small position in it but in doing so I'm consciously trading "OOO" as though it were just another random stock, I'm not thinking of it in terms of trading "crude oil" and using it as a means to effect that trade given the risk of a disconnect between the two.
Indeed - I see my position as an "OOO trade" not an "oil trade" if that makes sense.and disconnect is a weak word whenyou remember what happened
The Fund provides investment exposure to the performance of WTI crude oil futures, aiming to track the performance of the
S&P GSCI Crude Oil Index Excess Return hedged into Australian dollars, before fees and expenses. The prices of WTI
crude oil futures have increased significantly over the course of the financial year to date. As a result, as at the date of this
announcement the Fund has realised substantial gains, which would be required to be distributed by the 30 June 2021
financial year end. The Fund therefore intends to make monthly distributions for the remainder of the financial year - as at
the end of April, May and June 2021.
For each monthly distribution, the responsible entity will separately announce the estimated distribution amount (on a
dollar per-unit basis), prior to the ex-distribution date, followed by the final or confirmed distribution amount.
Announcements regarding the Fund are made via the ASX Market Announcements Platform, and are also accessible at
the Fund’s webpage at www.betashares.com.au/fund/oil-etf-betashares/#announcements.
Importantly, the amount of any monthly distribution may vary significantly (up or down) from any other monthly distribution
due to various factors, including material changes in the number of units on issue and in the prices of WTI crude oil futures
contracts to which the Fund has exposure, and should not be used as an indication of the amount of any subsequent
distribution.
Thanks bullfrog.@frugal.rock Link Market Services is where mine are.
Noice.The next distribution amount has been released & is $ 0.42806552
Have also been keeping a keen eye on prices. Despite high prices at the bowser, I am willing it higher.... a bread and butter trade thus far.Crude WTI has just risen to above $68 for the first time in a while.
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