A buyer of newly-issued USO shares would know exactly how many contracts USCF would buy with that cash inflow and exactly when those contracts would be sold as part of the monthly rollover reinvestment. Speculative longs in crude oil futures have all but vanished leaving the shorts in charge. Need help or want to help improve Fintel? This reduces the number of shares outstanding, which in theory leads to a higher stock price. However, for the overall sentiment to revert back to neutral or even bullish, we
The shorts are now the tail that wag the energy dog.
Nothing on this website constitutes, or is meant to constitute, advice of any kind. N/A. We like that. According to its SEC filings, USO had 156 million shares outstanding as of February 29th, 2020. - Two people were burnt to death, and another victim sustained high degree burns following a pipeline fire ignited by a religious faithful who was performing spiritual cleansing at a canal ravaged by oil spills few meters away from the ruptured oil pipeline. All stock quotes on this website should be considered as having a 24-hour delay. The creation of new USO shares creates more “paper oil” at a time when physical oil production is being curtailed around the world. The sharp increase is the result of a continued restriction on supply by the Organization of the Petroleum Exporting Countries and its partners (referred to as OPEC+) and the reimposition of U.S. sanctions on Iranian exports. The decline in price came amid worsening trade friction with China and Mexico that raised fears of global growth slowdown threatening demand (read: Oil Likely to See Steepest Weekly Fall: Inverse ETFs to Profit). The major determining factor in this rating is whether the stock is trading close to its 52-week-high. I invest solely for individuals, and for them I try to dispel the darkness that emanates from Wall Street. Oil price recently nosedived into a bear market with U.S. crude futures falling more than 20% below their April peak. Please help us personalize your experience. I remain bullishly inclined towards crude because I tend to be a buyer at the point of maximum pessimism. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. USO. So, they are winning, but retail investors are losing. Additionally, crude inventories unexpectedly increased last week, fue Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. All Rights Reserved, This is a BETA experience. reporting Common Shares Outstanding of $131,523,603 USD. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. USO That mismatch is a trader’s dream. I can only come to the conclusion that traders are using USO as ballast for complex price-capture strategies and most likely shorting the ever-increasing number of USO shares outstanding along the way.
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After fling an 8-K with the SEC last night noting the fact that USCF was running low on “creation buckets“—the means to create new USO shares in 100,000 share increments—USCF subsequently filed an S-3 registration statement for the issuance of an additional 4.627 billion shares in USO.
As of March 31st, that number had increased to 597 million and, as of yesterday, as per the website of USO’s sponsor, USCF, that figure had increased to 1.107 billion shares. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. First because it is lagging the S&P 500, which is up 20%. Compare USO to Popular Commodity Funds and ETFs. American crude stockpiles rebound slightly, whereas the premium on Brent accelerates, weakening the U.S. benchmark and its proxy, USO. Second, because it’s even worse when you consider that the United States Oil Fund, LP (NYSEARCA:USO) is up a whopping 30%-plus for the same period. BNO A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward.
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A buyer of newly-issued USO shares would know, how many contracts USCF would buy with that cash inflow and.
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This website is provided “as is” without any representations or warranties, express or implied. United States. - United States Oil Fund, LP (US:USO) has filed a financial statement Portfolio management news, reports, video and more. All rights reserved. If you require advice in relation to any financial matter you should consult an appropriate professional. Hand picked by analysts based on Dividend.com rating system. - American crude stockpiles rebound slightly, whereas the premium on Brent accelerates, weakening the U.S. benchmark and its proxy, USO. HD
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USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. SPDR S&P 500 ETF (SPY - Free Report) (down 4.2%), SPDR Dow Jones Industrial Average ETF (DIA - Free Report) (down 4.3%) and Invesco QQQ Trust (QQQ - Free Report) (down 4.9%) — all lost heavily in the past month (as of Aug 28, 2019) (read: Trade War Gets Uglier: Here Are the ETF Winners & Losers). The plunge of the May crude futures contract yesterday into negative territory shows that manipulative strategy is working. If a stock’s yield is above or near the market average then it will be rated higher within this parameter. Understanding the changing numbers of USO shares outstanding — and comprehending the concept of differing number of shares outstanding in general comparing companies like USO versus peers — is critical for investors. USO, 2019-08-29 zacks.com