I understand now, you were asking a rhetorical question in regards to leverage. You're right, we did just almost halve our exposure, but alot of the risk/losses occur rolling over WTI futures at the same time as all the other holders do, look at the massive drop when the US etf rolled over. $-37 for 1 day, ridiculous. If we can avoid that rollover window all the better. Also if we didnt rollover to 3 month we were done within a month. It is a very risky company to hold. Each to their own.
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Held