If you were to buy $10k worth of OOO in the last week at say $5, and chose to ride out this volatility rather than sell now at a loss:
1. Does OOO even survive this period or does it delist and that $10k vanishes? 2. If the oil market stabilises and prices return to normal in say 1-3yrs, does the contango eat away whatever gains you may have expected and keep the OOO price incredibly low the whole time? 3. What would need to occur for that initial $10k investment to return a positive return in that same 1-3yr timeframe? 4. What could you expect the OOO price to be in 1-3yrs if the oil market stabilises and gradually returns to normal?
Keep up the great discussion all, it will be an interesting few days ahead!
OOO Price at posting:
$19.36 Sentiment: Hold Disclosure: Held