January 2016 Brent V FAR, page-17

First 17 Last

Share
Profile

Follow
ccc123

1,172 Posts.

266

19/09/17

09:30

Post #: 27307047
Share

Originally posted by drbrooks ↑

Hey ccc
Out of interest, which oil ETF(s) are you referring to?

ASX.OOO (Beta shares Crude Oil ETF) I think is the only one listed on ASX and it is well and truly down over the last few years.
Mid 2014 = $57
Today = $14

Depends when you compare from of course (it was $13 in Jan 2016, so marginally up since then).
And, I'm not entirely sure its a valid benchmark anyway. FAR is an explorer, for the time being anyway......
I prefer to compare FAR's SP performance to my other Oilers (e.g. STO and SEA) which have performed disastrously since I bought in. But even those are probably not really comparable - producers v explorers.

Whatever way you look at it, the overall sector has had a terrible couple of years (thank you drbrooks - Capt. obvious?)

Expand

DrBrooks,

I agree with you that the ability to gain exposure to oil via the ASX is limited - to my knowledge, OOO is the only ETF available. Other options might include CFD's though, where one has the ability to highly leverage their exposure. I believe that there are also certain traded oil warrants in Australia.

I lived in the US for 4 years and still having a brokerage account there. In the US there are an extensive selection of oil ETF's; bears, bulls, levered, options on ETF's, options on levered ETF's. You can get the exact exposure you are after. Would be great to see an improved selection of oil instruments in Australia.

But your point is very valid re. OOO's lack of performance.

FAR Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply