Recent content by Dannytrading

It's mainly because the health care system in Canada and in US and hospitals cannot handle even 1% of the pop. needing hospitalization. each person on ICU cost $1000-$5000/day billed to the gov't intensive care cost more as you have specialist and other nurses monitoring the patient with tubes...

The businesses will still be operating after restructuring. companies cannot wipe out all their debt as bankruptcy judge won't allow it. It much better if companies could wipe out 100% of debt in exchange for new equity. its a much stronger company. As for the equity it ends up in share...

One of the biggest oil ETF UWT on the market ceased trading on april 2, 2020 and been liquidating since end of march Now is the liquidation UWT reason oil crashed to $20/barrel and caused of the volatility in oil trading or was it cause by Trump meeting and saudi and russia deciding to pump as...

All these oil ETF that wall street tries to market to unknowledgeable retail investors lose money due 'contango' the roll over of contracts is 3-5% for rolling over contracts. ETF like UWT niave retail investors think they own oil when it's really just derivative or ETN mainly created for...

Its because future prices have less volatility. The 'market' won't pay more. it's as simple as that. Why is December contracts even $38 and this month contract is $20/month that is amost 90% more.? $20 was a short term dip from very weak demand as a result of 30% drop in demand just this money...

contango,, $20 only stayed there for 3 days. so it is irrelevant. I don't think anyone is actually going to deliver oil at $20/barrel. It's like natural gas future months is at least 50% of spot price. Utility companies hedge their natural gas purchases so they pay 'future price' Same with...