U.S. Oil Fund E.T.F.

USO-N

NYSEARCA:USO

30.97
0.35 (1.14%)
The United States Oil Fund is an exchange-traded fund that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil.
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Analysis and Opinions about USO-N

Signal
Opinion
Expert
COMMENT
COMMENT
June 3, 2020
Risky? If oil goes negative, contracts will not be honored and this creates problems as they have to roll futures contracts forward. They have tried to reconfigure the fund to become more long dated on their positions. You have to be careful of the exposures in ETFs like this one. He would avoid leveraged plays, because your timing has to be exactly right due to the underlying decay they have.
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Risky? If oil goes negative, contracts will not be honored and this creates problems as they have to roll futures contracts forward. They have tried to reconfigure the fund to become more long dated on their positions. You have to be careful of the exposures in ETFs like this one. He would avoid leveraged plays, because your timing has to be exactly right due to the underlying decay they have.
DON'T BUY
DON'T BUY
April 2, 2020
The first oil futures contract today (the front month) is trading below the back month contract, which is 'contango'. The opposite case is 'backwardation'. Inside the ETF they own the front month and then on the transition day, about a week before, they sell the front month and buy the back month. If the front month is lower than the back month and the price of oil does not rise in the second month then you will lose that forward carry. If you don't understand these mechanics then you are at a serious disadvantage with this product.
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The first oil futures contract today (the front month) is trading below the back month contract, which is 'contango'. The opposite case is 'backwardation'. Inside the ETF they own the front month and then on the transition day, about a week before, they sell the front month and buy the back month. If the front month is lower than the back month and the price of oil does not rise in the second month then you will lose that forward carry. If you don't understand these mechanics then you are at a serious disadvantage with this product.
DON'T BUY
DON'T BUY
February 24, 2020
A US oil ETF. Lower is probably where it will go from here. Demand will drop off. He thinks crude oil is going lower to the low $40's. He is very cautious on oil here.
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A US oil ETF. Lower is probably where it will go from here. Demand will drop off. He thinks crude oil is going lower to the low $40's. He is very cautious on oil here.
DON'T BUY
DON'T BUY
September 20, 2016

His view on oil is a little different than what you are used to hearing. He would view it as a “lower for longer” phase. Looking back at timelines of commodity markets, they tend to move in long waves of boom and bust. From 2002 to 2011, the big China era, oil was doing well. After a bubble, which he thinks oil is in, you have the guillotine phase, and then it is sandpaper for 3 years. Thinks $50 is going to be about the ceiling, and will be range bound from $25 to $50. The story is not one of demand, it is one of supply. There is a lot of supply out there, so any time oil prices spike, we get regions increasing supply. He wouldn’t be Long on this.

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U.S. Oil Fund E.T.F. (USO-N)
September 20, 2016

His view on oil is a little different than what you are used to hearing. He would view it as a “lower for longer” phase. Looking back at timelines of commodity markets, they tend to move in long waves of boom and bust. From 2002 to 2011, the big China era, oil was doing well. After a bubble, which he thinks oil is in, you have the guillotine phase, and then it is sandpaper for 3 years. Thinks $50 is going to be about the ceiling, and will be range bound from $25 to $50. The story is not one of demand, it is one of supply. There is a lot of supply out there, so any time oil prices spike, we get regions increasing supply. He wouldn’t be Long on this.

DON'T BUY
DON'T BUY
December 21, 2015

He is pretty bearish on anything to do with oil because of the public policy and initiatives that we are getting globally with regards to carbon taxes, etc. The Saudi’s are pumping like mad, partially because they know carbon taxes are coming, and they are a low cost producer.

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He is pretty bearish on anything to do with oil because of the public policy and initiatives that we are getting globally with regards to carbon taxes, etc. The Saudi’s are pumping like mad, partially because they know carbon taxes are coming, and they are a low cost producer.

COMMENT
COMMENT
August 18, 2015

An energy play, so the decline in this is the stumble in the price of oil. For it to rebound, you are going to have to see oil back to around $75-$80 a barrel. Doubts if you will see this until the latter half of 2016, if even then. You could be holding this for a long time. You could write covered calls, which is simply selling a call option in which you agree to sell this to somebody else at a certain price. If you are in for a protracted period of time where you don’t think the ETF is going to rebound sharply, then this is not a bad strategy because you are collecting cash flow while waiting.

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An energy play, so the decline in this is the stumble in the price of oil. For it to rebound, you are going to have to see oil back to around $75-$80 a barrel. Doubts if you will see this until the latter half of 2016, if even then. You could be holding this for a long time. You could write covered calls, which is simply selling a call option in which you agree to sell this to somebody else at a certain price. If you are in for a protracted period of time where you don’t think the ETF is going to rebound sharply, then this is not a bad strategy because you are collecting cash flow while waiting.

WATCH
WATCH
January 21, 2015

USO-N is commodity based. XEG-T concerns him because he does not know how the energy business will sort itself out.

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USO-N is commodity based. XEG-T concerns him because he does not know how the energy business will sort itself out.

COMMENT
COMMENT
December 1, 2014

ETF that holds oil futures. You can’t hold these for long periods of time. You are guaranteed to lose 15% if you do. They are fine for short term trading.

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ETF that holds oil futures. You can’t hold these for long periods of time. You are guaranteed to lose 15% if you do. They are fine for short term trading.

PAST TOP PICK
PAST TOP PICK
March 13, 2014

(A Top Pick Feb 12/14. Down 1.28%.) Seasonality for this normally starts around the beginning of February and goes through until may of each year. At that time, the technicals look very good but they have changed significantly. Not as attractive as it once was.

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(A Top Pick Feb 12/14. Down 1.28%.) Seasonality for this normally starts around the beginning of February and goes through until may of each year. At that time, the technicals look very good but they have changed significantly. Not as attractive as it once was.

TOP PICK
TOP PICK
February 12, 2014

Tracks the price of West Texas intermediate oil. Seasonal strength is from July 12 (Don said this date and then said “now”, so expect he meant Feb 12th. - Bill) to April 22 and this particular trade has worked 21 of the past 30 periods with an average return of around 9%. Chart shows the price of crude oil broke above $100 and is now in a well-established upward trend. Look for crude oil prices to move significantly higher.

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Tracks the price of West Texas intermediate oil. Seasonal strength is from July 12 (Don said this date and then said “now”, so expect he meant Feb 12th. - Bill) to April 22 and this particular trade has worked 21 of the past 30 periods with an average return of around 9%. Chart shows the price of crude oil broke above $100 and is now in a well-established upward trend. Look for crude oil prices to move significantly higher.

DON'T BUY
DON'T BUY
January 31, 2014

DB Crude Oil Double Short (DTO-N) or U.S. Oil Fund (USO-N)? Really doesn’t like the leverage to ETFs. People really haven’t taken a close look as to how these things can trade. These are a very short term trading vehicle and even if you are in the right direction, because they recalculate the price on a daily basis, you can lose money. You have to be really knowledgeable and really paying attention.

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DB Crude Oil Double Short (DTO-N) or U.S. Oil Fund (USO-N)? Really doesn’t like the leverage to ETFs. People really haven’t taken a close look as to how these things can trade. These are a very short term trading vehicle and even if you are in the right direction, because they recalculate the price on a daily basis, you can lose money. You have to be really knowledgeable and really paying attention.

SHORT
SHORT
July 3, 2013

Would you consider shorting this? Short-term, you might have a good play here because he thinks oil has run up over $100 just on the back of some geopolitical tension out of Egypt. Realistically he feels the optimal oil price should be $85-$90. Long-term, he would not short oil as fundamentals continue to look good with demand from global economies coupled with some of the challenges of getting oil out of the ground.

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Would you consider shorting this? Short-term, you might have a good play here because he thinks oil has run up over $100 just on the back of some geopolitical tension out of Egypt. Realistically he feels the optimal oil price should be $85-$90. Long-term, he would not short oil as fundamentals continue to look good with demand from global economies coupled with some of the challenges of getting oil out of the ground.

DON'T BUY
DON'T BUY
May 31, 2010
Poster child of the challenges of investing in commodities. Pretty brutal chart. Has to buy and sell futures.
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Poster child of the challenges of investing in commodities. Pretty brutal chart. Has to buy and sell futures.
PAST TOP PICK
PAST TOP PICK
March 1, 2010
(Top Pick Feb 2/09, Up 37.08%)
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(Top Pick Feb 2/09, Up 37.08%)
PAST TOP PICK
PAST TOP PICK
February 1, 2010
(A Top Pick Feb 2/09. Up 29%.) This was disappointing. Oil was at about $40 and has now almost doubled. Right investment call for buying oil when it was cheap but was the wrong vehicle. Playing through growing producers would be a better way.
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(A Top Pick Feb 2/09. Up 29%.) This was disappointing. Oil was at about $40 and has now almost doubled. Right investment call for buying oil when it was cheap but was the wrong vehicle. Playing through growing producers would be a better way.
Showing 1 to 15 of 21 entries

U.S. Oil Fund E.T.F.(USO-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for U.S. Oil Fund E.T.F. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

U.S. Oil Fund E.T.F.(USO-N) Frequently Asked Questions

What is U.S. Oil Fund E.T.F. stock symbol?

U.S. Oil Fund E.T.F. is a American stock, trading under the symbol USO-N on the NYSE Arca (USO). It is usually referred to as AMEX:USO or USO-N

Is U.S. Oil Fund E.T.F. a buy or a sell?

In the last year, 2 stock analysts published opinions about USO-N. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for U.S. Oil Fund E.T.F..

Is U.S. Oil Fund E.T.F. a good investment or a top pick?

U.S. Oil Fund E.T.F. was recommended as a Top Pick by James Telfser on 2020-06-03. Read the latest stock experts ratings for U.S. Oil Fund E.T.F..

Why is U.S. Oil Fund E.T.F. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is U.S. Oil Fund E.T.F. worth watching?

2 stock analysts on Stockchase covered U.S. Oil Fund E.T.F. In the last year. It is a trending stock that is worth watching.

What is U.S. Oil Fund E.T.F. stock price?

On 2020-12-02, U.S. Oil Fund E.T.F. (USO-N) stock closed at a price of $30.97.