Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)

[The_Free_Nebula]

This month's Divvy is $1.6797 - early post was erroneous.

[The_Free_Nebula]

This month's Divvy is $1.1785

[Scotttrader80]

.85 cents dividend for June https://seekingalpha.com/pr/19356413-credit-suisse-announces-coupon-payments-and-expected-coupon-payments-on-credit-suisse-x-links

[Scotttrader80]

Divy announcement over the weekend or Monday for June?

[hotdawg]

It happens every month at the same time

[Scarbender307]

Sure would like to see the dividend on a timely basis.

[hotdawg]

I think we will see 84 before the divi announcement

[The_Free_Nebula]

Paying $3.33 per? Interesting

[hotdawg]

We have a divi of 1.7559 coming this month
Not as good as last month but still better than any other divi stock.
The price keeps going up

[hotdawg]

Thanks I've been all over this morning and nothing showing up yet.

[GO4AWILDRIDE]

hotdawg

Went to the following link: https://notes.credit-suisse.com/etn/press-releases.html

No info for November as of now/

Maybe tomorrow it will post the DIVI.

GLTU

GO4AWILDRIDE

[hotdawg]

Anyone here now that we have had a reverse split.
Any news on this month's divi yet?

[hotdawg]

It wont be long till we are back over 100.00 per share

[hotdawg]

Thanks for the info

[Mechanic211]

Nice divi

[The_Free_Nebula]

I thought it would be under $2 bucks. Nice bounce

[GO4AWILDRIDE]

hotdawg

$2.6476

EX-DATE is 10/19/2022
PAYDATE is 10/25/2022

https://notes.credit-suisse.com/api/DocFile/GetEtnPR/TRgzUO9PNlNOAV4tj%24%24BNow%3d%3d


GO4AWILDRIDE

[hotdawg]

Steadily creeping back up. any one hear about the next divi?

[hotdawg]

You were right it's still trading under USOI and rising

[shotsky]

I'll bet you are wrong. Been there, done that. It won't trade immediately because ALL of the shares of the stock have to be recalled, their serial numbers declared invalid, and then the new shares have to be assigned to all shareholders. The ticker will have a 'D' added for 30 days, but there will be no trading for the first three days. Not like we have a lot of time to wait to see if I'm right...but I am.

[jimmy667]

Fact checked. Not true. There will be no temporary ticker change it will be USOI but with a new cupid number. Can trade it immediately.

[shotsky]

Actually, I misspoke when I said as soon as it splits people will sell. That's not quite right. At the split, you won't be able to trade it for 3 days, because they take back all shares, issue the new ones with a different series number and with a 'D' on the end of the ticker. It will be USOID. But that only applies to those of us in brokerages.
Anyone that is an outright owner can sell immediately. That's when the sp drops. By the time we can trade, it is already going to have dropped.
You don't have to believe me, just watch what happens for the 3 days after the split. That's why I sold 200K shares today.

[bar1080]

Yes, Shotsky. I'm a retired lawyer and decades-long investor in quality stocks and I'm having trouble unwrapping the logic of many posts here. Punctuation might help.

Don't want to be called "An Jerk" for my generally well-considered posts.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169989581

[shotsky]

Then you don't understand reverse splits. As soon as it splits, people will sell at that new, high price and the sp will tank. I've been dealing with them since 2008, and I've never seen one where the shareholders made out.
A reverse split happens when the company mismanages itself and lets the OS get out of proper proportion. There are two ways to fix that - buy back shares or reverse split.
My course of action is to sell all, wait until the smoke clears, skip one dividend and see if it's worth buying back in. I doubt that it will be worth it.

[hotdawg]

I think it will hold above 88 and go up over 100 per share. They don't have as much interest because it to low more investors will come in as the price rises. JMHO

[GO4AWILDRIDE]

bar1080

That is due to it is none of your business of my investment plans.

REMEMBER I THINK YOU ARE AN JERK AND ARE TO BE IGNORED FOR THE MOST PART.

GO4AWILDRIDE

[bar1080]

"I am glad I bailed out months ago Don't recall you even hinting at that.

[GO4AWILDRIDE]

hotdawg

How long do you think the PPS will remain at the $88 level after the 1-20 reverse split?
What happens to the DIVI? Will it rise to $3.00?

It is anyones guess what will occur now.

I am glad I bailed out months ago with my ASSets still intact so to speak.

GLTU and anyone else still in this.


GO4AWILDRIDE

[hotdawg]

Any thoughts on the reverse split?

[hotdawg]

It's not a 100k it's 100 million barrels a day cut.

[Hawkeye_tt]

100K cut.....peanuts.

Hawk

[The_Free_Nebula]

not bad

[hotdawg]

DIVI is .1265 this month.

[hotdawg]

Picked up more this morning.

[hotdawg]

It wont be that low for long if opec reduces the out put by 100 mil. barrels a day.

[bar1080]

"U.S. Oil Falls Below $85 a Barrel for_First_Time Since January"

"Oil prices declined to the lowest in eight months on Wednesday as concerns intensified that a global economic downturn will hurt demand for energy.

West Texas Intermediate WBS.1 –0.23% the U.S. benchmark, traded down more than 4% at $83.22 a barrel, falling below $85 for the first time since late January. The last time it settled below $84 a barrel was Jan.24, according to FactSet data. Brent crude BRN00 –0.27% the international standard, fell 4% to $89.11."
https://www.barrons.com/articles/brent-wti-crude-oil-prices-today-51662537506

[bar1080]

Crude oil futures certainly continuing to fall, WTI futures off 6.0% Brent off -5.6 As usual I hope everyone is sensibly diversified.

[hotdawg]

Any news on the divi this morning?

[The_Free_Nebula]

Will probably stay in the 9 cents range...The share price is on the good opportunity range again. Watching and waiting...

[hotdawg]

I'm just hoping for the best.

[shotsky]

I'm thinking lower. Share price is lower and divi is partly based on share price.

[hotdawg]

any thoughts on the divi this month. I'm thinking a little higher than last month.

[bar1080]

As I predicted, just about any oil major will outperform USOI over the long run. If you like oil, consider a quality energy ETF or CEF.

Interesting piece about Credit Suisse out today
"Credit Suisse Warned by China Regulator to Fix Executive Exodus"
https://finance.yahoo.com/news/credit-suisse-warned-china-regulator-105722251.html

[hotdawg]

Now we wait for the next divi announcement.

[hotdawg]

clm,crf,cix,sblk and usoi

[GO4AWILDRIDE]

hotdawg

Which ones?

GO4AWILDRIDE

[hotdawg]

I love it when money just appears in my account. working on a few more divi stocks now.

[hotdawg]

Mine is in place

[GO4AWILDRIDE]

hotdawg

Did you get your DIVI?

GO4AWILDRIDE

[GO4AWILDRIDE]

phillieg88

I got my DIVI but only in my TDAMERITRADE accounts not my FIDELITY account.

EDIT: FIDELITY now shows the DIVI in the account.

GLTU

GO4AWILDRIDE