In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI.
The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which
the DIA rebounded while hot oil prices cooled off.
The analysis would be is that oil prices may be relatively undervalued at present and so represent a potential
basement sale at a time when the federal goverment just approved a vast upgrade in oil leases on federal land.
If investing in big oil at this time ( like Warren Buffet) what stock or ETF trade would you be inclined to take?
USO
The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which
the DIA rebounded while hot oil prices cooled off.
The analysis would be is that oil prices may be relatively undervalued at present and so represent a potential
basement sale at a time when the federal goverment just approved a vast upgrade in oil leases on federal land.
If investing in big oil at this time ( like Warren Buffet) what stock or ETF trade would you be inclined to take?
USO
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See my idea on OXY done in honor of the Buffet Stock grab and what happened the
last time he backed up the truck.
last time he backed up the truck.