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Oil ETF

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Oil ETF

Unread postby JBinKC » Wed 15 Jun 2005, 16:41:06

According to CNBC it finally looks like it will finally become a reality.
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Unread postby jato » Wed 15 Jun 2005, 17:02:55

Is there more to this thread or am I supposed to guess????

:)
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Unread postby pip » Wed 15 Jun 2005, 17:25:03

When? What's it called?
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Unread postby jato » Wed 15 Jun 2005, 17:31:08

Let's play "count the tankers" while we wait.

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Last edited by jato on Wed 15 Jun 2005, 19:17:25, edited 1 time in total.
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Unread postby turmoil » Wed 15 Jun 2005, 19:05:55

i wonder if christmas shopping will be affected, or holiday travel

I guess it all depends on oil prices because i don't think >5% of people equate OPECs troubles to gas prices or a need to conserve. But they are learning, ever so slowly. :roll: :cry: :twisted: :!:


I think we are there pops. :lol: Either that or these are the previews.
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Unread postby fossil_fuel » Wed 15 Jun 2005, 19:09:32

you have a link for that? i would LOVE to see it.
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Unread postby turmoil » Wed 15 Jun 2005, 19:15:35

Link

Their refinery story doesn't make much sense. If they were expecting demand why wouldn't they prepare in advance for it?
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Unread postby erl » Thu 16 Jun 2005, 01:23:47

Is this a continuation of some other thread?

If so, could you please direct me to it?

Because if it isn't, I am really missing something here.

Anyone want to clue me in?

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Unread postby fossil_fuel » Thu 16 Jun 2005, 01:49:33

no i mean a link talking about the oil ETF.
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Unread postby Carmiac » Thu 16 Jun 2005, 02:50:48

wait, what is ETF?
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Unread postby JBinKC » Thu 16 Jun 2005, 04:36:45

No, but they had a brief story on it today on CNBC. An ETF is an exchange traded fund. Which in turn allows a person to go long or potentially short crude oil in form of shares (My guess it will be for the grade what is typically quoted {West Texas Intermediate}).

Gold bullion for instance now has an ETF (NYSE ticker: GLD) Which is really a share in 1/10th the price of gold bullion.

I thought it was interesting because it will allow you to directly buy crude oil and hold it without any potential contract date to worry about. It will also allow you to circumvent owning shares in a company.
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Unread postby pip » Thu 16 Jun 2005, 14:11:32

Exactly, you can buy crude oil like you can a stock without going into buying crude futures contracts which I will admit to not understanding fully.
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