The pandemic will not be over in a couple months and oil will stay low for quite awhile. That was no problem because I planed like many to just average down. Problem is the contago will kill you holding OOO so you can't average down. I now fully comprehend contango after paying my $10K school of hard knocks tuition cost. Maybe OOO is good for day traders but not longs.
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Not Held