Oil (OOO)

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.
 
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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
 
StewyD32 said:
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
Click to expand...

I see over $300k in buyers at $2.50
Also, for those who don't know, OOO pays a quarterly dividend.
 
SilverDJ said:
I see over $300k in buyers at $2.50
Also, for those who don't know, OOO pays a quarterly dividend.
Click to expand...

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