United States Oil Fund (USO)

[investorcg]

Anyone read the S-3 today!!!!! EXACTLY WHAT I THOUGHT....

The United States Oil Fund, LP (“USO”) is an exchange traded fund organized as a limited partnership that issues shares that trade on the NYSE Arca stock exchange (“NYSE Arca”). USO’s investment objective is to track a benchmark of short-term oil futures contracts. USO pays its general partner, United States Commodity Funds LLC (“USCF”), a limited liability company, a management fee and incurs operating costs. Both USO and USCF are located at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596. The telephone number for both USO and USCF is 510.522.9600. In order for a hypothetical investment in shares to break even over the next 12 months, assuming a selling price of $33.92 per share (the net asset value as of March 31, 2020, adjusted to give effect to a reverse share split of 1-for-8 executed on April 28, 2020), the investment would have to generate a 0.787% or $0.267 return, rounded to $0.27.


The NAV as of March 30 was $33.92!!!

The trend has been up now too!!!