Replies to post #626 on ETF Bull and Bear Discussion Board

[maent]

From what I read on USO strategy, it looks as though they are specific to shale. This would be the reason I looked away from it. Its 52 week range is 2.31 -13.85. As of March 1st, its price was $10.00. I would expect it to get back to a March 1 level to call it a basic recovery. If you look at the others that you mentioned, the reward is not only higher, but it has the propensity to move faster. I don't know that I agree with UCO. Something doesn't look right. I haven't really looked into it, but at a glance it doesn't look like the "pot of gold" is as substantial as NRGU and ERX

"Our strategy

The investment seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the “Benchmark Oil Futures Contract,” less USO’s expenses. USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels."

[JohnCM]

Although I like the idea of a "pure play" as in USO, it is not a leveraged fund.