Is it stupid to go all in on USO?

Some guy from reddit recently lost like 170k going all in on oil EFTs

I bought in @$3 share. I also bought marathon. Gonna hold it until this blows over. It’ll go up just take time.

traders put a fuckton of money into USO right before it crashed

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AXAS is fine, I also like VLO and HES

I have no idea.

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Hello, long term oil ETF and Marathon holding friend. We will weather the storm together.

I went all in on QEP and OAS for the same reason. I am up a good amount for a day and after hours, but I am afraid that they will both go bankrupt. I wonder if the US and Iran go to war just to keep oil up.

You can't buy stocks on it right now. Not until after the reverse split.

Hold me bros, I bought USO @ 3.00 as well, hoping to cash out later when this blows over and take my gf out to a nice weekend out

This is my folio right now. May buy uso, what do you guys think? Yes I know I’m poor but hey I won’t be in a year or so BABEH!

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Assuming they're still traded, pick it up when the *real* super contango hits. No one has an exact time, but most estimates are May-June. The negative $40 WTI was just one small oil producing region, but this is a worldwide problem. What happens when Saud / Brent Crude / etc. also run out of storage? I've seen -$100 WTI thrown around a lot, and it's not impossible.
Saud (and to some degree OPEC) will use this as a chance to totally corner production while world demand is down. Oil-producing regions that need moderately priced oil to turn a profit (US, Canada, hell Russia) will all be shut in and mothballed. That's a lot of welders, machinists, geologists, and Petroleum Engineers that are going to be out of work; potentially for years. That's a lot of world instability too, since in many regions oil money is the only thing holding everything together.

It's okay, fren. Oil is literally the lifeblood of the modern economy. Once people start driving again it will go back up.

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I’m just getting my feet wet. When I about the oil crash I said well time to invest. Here’s what I got to far. I only threw 500$ at it.

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Also fellow MRO long holder. We will rule universe.

#MROstrong

>bought 300 shares of USO at 3.06
>planing on a L O N G H O L D
>still get anxious when I see number the go down
>take a breather and remember we're in it for the long haul
>the urge to panic sell passes
It's a very zen feeling.

What about MUR?

Keep close eye on carnival cruise and royal Carribean
You should have some CCL in this folio.
Don't buy any higher than 10-11.20 on ccl.

Tankers are still a great play. Options premiums are going up, but the market *still* hasn't caught on to just how well they're going to do. TNP may make it's entire market cap in PROFIT between now and Q3; and at least one estimate had VLCC tanker rates in the $750k/day range. TNP, NAT, TK, TNK.... I wouldn't be surprised to see some of the companies do 4x of their current share price.
There's a lot of people who shouldn't be investing. I bought in on tankers back in 9 April, wasn't expecting negative oil for some time yet and wanted to load up more. Literally earlier in the week, tankers were *dead* until someone on CNBC mentioned it, then the robinhood normies went crazy for them. I know people are dumb, but didn't think it was that obvious...

These retards don't know USO will keep reverse splitting until it closes down.

They’re insolvent my friend. Take profits if and when you can and move on. Thank me later.

>>these are the people shilling chainlink
Yes it is stupid. They are going to liquidate

Dude. You are fucked, get out asap