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Message
re: Official Oil/Energy ETF Thread
Posted on 12/15/14 at 7:51 pm to white perch
Posted on 12/15/14 at 7:51 pm to white perch
USL has very low volume.
Concerning USO, DBO is about 50% down too, and I bet it tracks closer on the ride back up.
USO will suffer decay more than DBO will because USO is not managed. I don't know the ins and outs of contango and backwardation, but I know 1) it's not a good thing. 2) DBO attempts to reduce its impact.
Concerning USO, DBO is about 50% down too, and I bet it tracks closer on the ride back up.
USO will suffer decay more than DBO will because USO is not managed. I don't know the ins and outs of contango and backwardation, but I know 1) it's not a good thing. 2) DBO attempts to reduce its impact.
1
Posted on 12/15/14 at 8:15 pm to bayoubengals88
This thread is awesome and exactly what I need. Thanks guys, continue on 
Posted on 12/15/14 at 8:30 pm to lynxcat
This was written just a week ago. Most of the stuff I've read was from several years ago so I'm glad to see this:
LINK
A more in depth read...apparently DBO isn't everything I thought it was? We'll know in a couple years.
LINK
quote:
Many oil ETFs hold oil futures contracts, which often have an underlying hidden cost that results from something called "contango". This can cause these ETFs to vastly underperform the actual change in the price of oil. This article provides ongoing estimates of this cost for three of the more popular oil ETFs: USO (United States Oil ETF), USL (United States 12 Month Oil ETF), and DBO (PowerShares DB Oil ETF).
LINK
A more in depth read...apparently DBO isn't everything I thought it was? We'll know in a couple years.
LINK
This post was edited on 12/15/14 at 8:37 pm
Posted on 12/15/14 at 10:23 pm to bayoubengals88
The eye test is what made me like IXC so much more. Having BP, TOT, RDS, and KMI in the top 10 are a huge eye popper for me.
Having BP probably also hurt the 5 and 10yr returns because VDE does not contain BP at all.
You still leaning VDE after your research? I have a Fidelity account so there would be no commission for IXC (I think)
Posted on 12/15/14 at 10:34 pm to TigerTatorTots
I lean VGENX, but that's a mutual fund.
There's nothing wrong with IXC, and having BP could actually help in the long run (because it's comically low)...and you're right, IXC wins by just glancing at the holdings IMO.
Also, I don't like that VDE is 1/5 XOM...can't go wrong with either though.
Aside: can someone go all in on Petrobras or Eni and let us know how it turns out?
There's nothing wrong with IXC, and having BP could actually help in the long run (because it's comically low)...and you're right, IXC wins by just glancing at the holdings IMO.
Also, I don't like that VDE is 1/5 XOM...can't go wrong with either though.
Aside: can someone go all in on Petrobras or Eni and let us know how it turns out?
Posted on 12/17/14 at 5:46 pm to bayoubengals88
Need people to get scared again and sell this run up for a few more weeks
Posted on 12/17/14 at 5:54 pm to LSUregit
quote:
DWTI has made me a killin the past month. Will switch to UWTI when oil bottoms.
Sold DWTI yesterday, bought UWTI today.
Posted on 12/17/14 at 5:58 pm to TigerTatorTots
quote:YES! I don't know what today was...maybe anticipation of the Yellen speech today? I don't pretend to know about "the fed"
Need people to get scared again and sell this run up for a few more weeks
ETA:
quote:you think the bottom is in?
Cave canem
This post was edited on 12/17/14 at 5:59 pm
Posted on 12/17/14 at 7:59 pm to bayoubengals88
quote:
you think the bottom is in?
Think we are close enough that it will not make a huge difference. That is IMHO only. My thoughts are that oil is going to get a small bounce back to the mid 60's as fear subsides and settle out therabouts. Again these are my thoughts, not sure enough to mortgage the house or anything.
ERX may turn out to be the better play but who knows
Posted on 12/17/14 at 8:02 pm to cave canem
I'll be kicking myself I didn't pull the trigger on CVX at $100
Posted on 12/17/14 at 8:07 pm to TigerTatorTots
quote:
I'll be kicking myself I didn't pull the trigger on CVX at $100
Meh, if I kicked myself for every lost opportunity I would have worn my feet out by now.
Edit for fat finger spelling
This post was edited on 12/17/14 at 8:10 pm
Posted on 12/17/14 at 8:17 pm to cave canem
Sold my DWTI. Owned it since the OPEC meeting where they decided not to cut production.
Not ready to get into UWTI yet so I'm on the sidelines.
Yellen's "can be patient" "considerable time" with rate hikes sparked a rally, so I believe this is just some near term short covering. I don't think we are close to declaring a bottom in oil yet.
Not ready to get into UWTI yet so I'm on the sidelines.
Yellen's "can be patient" "considerable time" with rate hikes sparked a rally, so I believe this is just some near term short covering. I don't think we are close to declaring a bottom in oil yet.
Posted on 12/17/14 at 8:22 pm to LSUregit
quote:
don't think we are close to declaring a bottom in oil yet.
Well where do you think it will be if we are not close?
Posted on 12/17/14 at 8:39 pm to cave canem
I don't necessarily mean numerically but I don't think we are there yet either. It will not be a V-shape bottom and rally so only time will tell.
Posted on 12/17/14 at 9:23 pm to LSUregit
quote:
Yellen's "can be patient" "considerable time" with rate hikes sparked a rally, so I believe this is just some near term short covering. I don't think we are close to declaring a bottom in oil yet.
This is what I'd like to believe.
Posted on 12/18/14 at 9:11 am to cave canem
quote:
Meh, if I kicked myself for every lost opportunity I would have worn my f
I was going to buy HP the other day and I got sidetracked.
C'est la vie!
Posted on 12/18/14 at 12:53 pm to cave canem
quote:
bought UWTI today.
OK, now I'm in.
Posted on 12/18/14 at 12:59 pm to Fat Man
quote:
OK, now I'm in.
Don't follow me, I stay lost in the wilderness
Posted on 12/18/14 at 2:06 pm to cave canem
quote:
Don't follow me, I stay lost in the wilderness
Well then, I guess our paths shall soon cross
Posted on 12/19/14 at 2:22 pm to cave canem
quote:
ERX may turn out to be the better play but who knows
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