InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,408.42
(
-1.73%
)
US TECH 100
17,870.94
(
-3.09%
)
Dow Jones
40,345.41
(
-1.01%
)
Brent Oil
70.89
(
0.00%
)
Bitcoin
53,871.32
(
-0.56%
)

Replies to post #37154 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

Replies to #37154 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)
icon url

FreezeThese

06/03/16 1:10 PM

#37155 RE: JTrader #37154

But but but $50 oil won't bring rigs back online ... right?

Now that they're hedged into 2017 who cares what price we sell it at, just sell more of it
icon url

GuTA

06/03/16 1:28 PM

#37157 RE: JTrader #37154

Pretty immaterial imo