| goog Thu Jan 17, 2008 2:56 pm |
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Oil and oil stock Crude oil outperformed oil stock a lot in recent months. Our pick COP underperform oil ETF USO by 50% in the past 6 months. Looks like buy oil stock and short USO is a safer and possibly more rewarding strategy than just holding oil stock now. |
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| goog Thu Jan 17, 2008 3:18 pm |
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One of the reason USO is a good hedge is that the cost of the ETF. USO was trading at the same price as one and half year ago but oil price up a lot. This is a very ridiculous ETF and will eventually go to 0 no matter what the oil price will be in the long term. |
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