Opinions
Mike Philbrick
Invesco DB Oil Fund
DBO-N
COMMENT
Oct 01, 2021
XLE has large cap stocks in oil production area. It adds market beta to these names. Crude oil ETF only deals with crude. In the meltdown of oil, crude is still down when it is leveraged. DBO is not leveraged and is a good option for exposure. It also rolls contracts well to give exposure to general investors to oil.
$13.890
Stock price when the opinion was issued
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DBO-N & GLD-N. Commodity-driven ETFs. They were very popular when the commodity super cycle was raging. A lot of them have been closed since then. You have to look at them from a speculative point of view when you value them. He sometimes includes them in special strategies. There is a low chance of a super-cycle emerging. They will be range bound.
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