Oil (OOO)

Discussion in 'Stocks & Derivatives' started by SilverDJ, Apr 1, 2020.

  1. SilverDJ

    SilverDJ Well-Known Member

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    At what point does OOO become a practically guaranteed medium to long term play?
    The price of oil can't stay low forever...

    upload_2020-4-1_23-29-26.png
     
  2. BiGs

    BiGs Active Member

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    I'm not sure how they get their price point, but that ETF price does not reflect price per barrel. Average price in 2018 was like $65 USD... price is sitting at like $22US a barrel currently.

    Looks a bit dodgy as their 2012-2014 price range was at about 50% of the real price, yet the price now is like 25% of the real price.

    EDIT: I looked it up, this is an ETF of an oil stock index in the US, AUD/USD hedged. So yeah, oil stockes would be falling faster then the oil itself.
     
    Last edited: Apr 1, 2020
  3. SilverDJ

    SilverDJ Well-Known Member

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    At what point does this become a guaranteed medium to long term bargain?

    upload_2020-4-21_10-17-46.png
     
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Look at those sell volumes goddamn.
     
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  5. SilverDJ

    SilverDJ Well-Known Member

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    Yeah, but there are still buyers!
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    Wow

    upload_2020-4-22_14-11-0.png
     
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  7. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I'm curious to know why the market depth is so low in this.
    Given the state to of futures thought there would be more of an uptake on this instead of investing in particular oil companies
     
  8. SilverDJ

    SilverDJ Well-Known Member

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    I see over $300k in buyers at $2.50
    Also, for those who don't know, OOO pays a quarterly dividend.
     
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  9. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Still not alot considering how low it is. This have been on my watch list for a bit now and would have expected alot more uptake that have had happened.
    Are people opting to go into specific oil companies like STO which is a good buy now?

    What factors do you look at that influence OOO as I fell like I'm missing alotnof variables which explains the lack of uptake. (I know OOO doesnt reflect the oil crash polarity)
     
  10. slavaja

    slavaja Well-Known Member Silver Stacker

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    Anyone considering buying this?
     
  11. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    If the futures continue to drop, I will dump a little into this depending on the market sentiment as a whole.
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    Update today:

    upload_2020-4-23_10-56-39.png
     
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  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Prudent response. Better response would be to purchase storage capacity and profit from any future volatility. But of course that would be an investment then, not the speculation they are so fond of
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    They were thinking FUEL may be a better option for those who think the market will recover in the long term.
     

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