Chop-if I want to get in on some oil stocks but don’t have a clear cut favorite would it be relatively correct to think that something like USO is going to move in a similar fashion that other oil and gas stocks move? Guess I’m asking, if OXY goes from 15 to 30 wouldn’t there be some correlation and USO would go from 24 and move up & vise versa. I’m leaning to USO to try and capitalize on the suppressed overall market instead of buying a particular company. You don’t have to evaluate the oil market in general just curious if this assumption is fairly accurate. Thank you!
USO should no longer be tracking near term oil contracts that close.
They completely changed their investment horizon to include futures through at least later this year...as opposed to the next couple of months as in the past...because of last month’s anomaly.
They completely changed their investment horizon to include futures through at least later this year...as opposed to the next couple of months as in the past...because of last month’s anomaly.
I looked into that stock about 3 weeks ago. The more I read the less I liked it. I thought their approach to potentially solving problems like cancer were very unique. Not doing things the same way and coming up with a new approach could be very attractive.
They have raised almost 2 billion in capital so obviously there are people that have heard their pitch and think it has great potential. That was the good news.
Then I looked at the bad news. Seems like top executives have been jumping ship. That definitely raised a flag. They are also just burning through their cash. To date they have not brought one product to market.
I decided I would just pass.
So now today they have a study that showed 28 people increased their immunity after getting a shot. That is great news if it works. Being realistic.....I cant see how it is worth 25% more than it was on Friday.
