油油USO 准增10億新單位 (非買賣建議) - 股票

Table of Contents



1.原文連結:
https://reurl.cc/lV2Za6

2.原文內容:

United States Oil Fund Receives Green Light to Issue New Shares

By Reuters June 12, 2020


USO's registration of 1 billion new shares has been declared effective by the
Securities and Exchange Commission, the fund said, and hence it can once again
allow authorized purchasers, or market makers for exchange-traded products, t
o issue new USO shares.
USO shares were little changed on Friday at $26.35.
On April 21, the fund stated that it had issued all of its registered shares a
nd was thus suspending the creation of new shares. As a result of the suspensi
on, there was a significant discrepancy between the fund's trading price and t
he performance of the oil futures it held.
Following a sharp plunge in oil, in which expiring May U.S. crude contracts tr
aded at negative prices, USO took in heavy inflows from investors betting on a
rebound.

Oil prices have in fact risen substantially since then. Even with losses this
week, U.S. crude was trading near $36 a barrel on Friday, about $10 higher tha
n a month ago.
Even so, because later-dated oil futures are currently trading at higher price
s than nearer-dated futures - a phenomenon called contango - USO's structure r
equires it to sell cheaper futures to buy more expensive ones as nearer-dated
contracts expire. As a result, investors who hold USO could wind up with losse
s.

3.心得/評論:

雖然不是"很新的新聞" 但還是分享一下

USO被停至少8週不得新增單位期間,被唯一期貨商RBC暫停買期貨合約,USO (不得不找合
作商) 5/28新增合作期貨經紀商-Marex Spectron

現在這時候又准它再增新單位(賭盤再開)

不過持有合約還是繼續跨月,目前最多還是12月的

還是分享一下Fed Observer的評論
對最後他的疑問也是心有戚戚…
https://youtu.be/lF_qjCeGkqY

什麼都包進ETP,你看似"公開交易流動性很好",retail就通通可以交易,結果背後他掛
鉤的是別的商品市場,流動性又是另一回事,但是個人造業個人擔 。面向大眾的公募基
金不開放商品(黃金.能源.地產),只能投公司股票,但包成ETP就可以了。

再核准新賭盤,不代表買了一定又貼近真實油價,還是要勸世一下,不要買了忘記

想個矛盾心裡,擺長無法避免多數時期的contango,即使有時會補血,但哪個心裡不是希
望長期看好未來油價上漲,那為什麼要期待靠時間然後遇到補血情況。

下面來源是bloomberg文章,截圖來源:https://reurl.cc/8GR587
主要重點在,當WTI今年來下跌40%時,USO價值蒸發70%…。

https://i.imgur.com/y3mJz1U.jpg

影片也有 比較 XOM vs USO 走勢,當作勸世,其實板上之前也有很多人作這樣的衡量,
因為還是看到身邊很多人跳入這檔商品的情況,還是提供一下資訊參考。


https://i.imgur.com/CAPWfRd.jpg


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All Comments

Ina avatarIna2020-06-14
下次想抄底原油直接買遠月期貨擺著就好
Elvira avatarElvira2020-06-18
其實我在想很多油期都買在12月,萬一年底疫情再爆發
Annie avatarAnnie2020-06-22
那一堆油期會不會迎來第二次負價格?
Gilbert avatarGilbert2020-06-26
那就提早轉倉到明年12月 繼續擺著
Joseph avatarJoseph2020-06-29
買USL就好,不要想太多,這個禮拜油崩影響較少
Ula avatarUla2020-06-29
原油一直轉超遠期 被正價差吃豆腐就吃到飽
Isla avatarIsla2020-06-30
現在正價差又不高
Xanthe avatarXanthe2020-06-30
簡單說,沒抄在最低都是死
Megan avatarMegan2020-07-01
提早轉倉也沒用,這種管理型基金都是要扣很重的管理
費,光油價持平到12月你就直接先扣1~20%管理費了
Dorothy avatarDorothy2020-07-04
樓上好厲害,可以算出1-20%管理費...
Jack avatarJack2020-07-06
可能會被收0-100%管理費
Tristan Cohan avatarTristan Cohan2020-07-09
抄最低 怎麼知道會不會突然再來個反分割