OOO
Click for more information
2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

I bought in when oil was around $15 a barrel at around 2.60,...

  1. samcharlotte77
    3,526 Posts.
    lightbulb Created with Sketch. 572
    clock Created with Sketch.
    22/05/20
    11:11
    Post #: 44771493
    I bought in when oil was around $15 a barrel at around 2.60, sold at around 3.50 when oil was around $34 a barrel. Less than $1 gain in share price for a $20 gain in oil price. Seems to take a big movement in oil price for an increase in share price and then you have contango to deal with. Is far more profitable investing directly in oil futures
    OOO Price at posting: $19.36 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

Featured News

NEWS Corporate profits miss buoys ASX200 & why are iron ore and brent crude so low?
right-arrow Created with Sketch.
FHE Frontier boosts project economic for Waroona with increased battery time and revenue
right-arrow Created with Sketch.
BB1 BlinkLab teams up with Bates College in Maine, USA to re-jig software for FND diagnosis
right-arrow Created with Sketch.
LPM Lithium Plus inks spodumene offtake MOU with China's Canmax
right-arrow Created with Sketch.
LU7 Lithium Universe inks final layout for Becancour lithium plant as DFS rolls on
right-arrow Created with Sketch.
I88 Infini boosts WA uranium holdings with Bellah Bore East acquisition
right-arrow Created with Sketch.

Top Stories

watchlist Created with Sketch. Add OOO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.