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

no one trading oil - why, page-90

  1. 950 Posts.
    I'll be buying OOO ETF for as long as the oil price remains below $35.

    Longer term, the sustainable mid-range for the oil price is around $45 to $70 per barrel. Supply will eventually come down a little, demand should grow consistently, and we'll see a rebound in price.

    I have no idea when that will happen, but it's got to be in the next 24 months one would think.

    Buying at below $12 for a potential doubling of your investment in 24 months ain't a bad move in my mind. There's no company risk involved either.
 
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