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Just to be sure I'm reading this right, so they locked in deals to sell oil at a price of 76.40/barrel regardless of how the market moves? Must have a fortune teller on their risk management team.

I dont fully understand options and am going to avoid them for now until I gain a better understanding (also studying for the series 3 so that should help increase my competency level). Honestly I'm a bit surprised people on here are a bit more in line with pessimism in this market. Is there...

Noted. But since I'm in this for the long haul, I'm going to weather whatever storm comes. If anything, I'll buy more as it drops. A few years ago, predicting these prices would have made you a joke. Now it's a reality (and I almost pulled the trigger on some leveraged shorts. kicking myself...

Currently, the total US Oil Rig count for the US is at 757, a mere 8 rigs higher than 2002's count of 749. With the increasing amount of small oil companies approaching default, can we expect a rebound in oil prices? I currently hold some ETFs that are long oil as well as some major Oil...

I'm working on transitioning from international equities to commodities, preferabbly a private company out in the middle of nowhere so I can get away from my generation.

My generation sucks. Nothing annoys me more than seeing a trader at work who got his job because he took an art major at an Ivy League, came out w/ no loans, and got on the desk because his dad is a higher up here or at another bank. Meanwhile I had to work on a freight dock in the backwoods of...

For what it's worth... T+3 is US Stock settlement. T+3 is also used for all of Asia settlement sans HK trades which are T+2 T+2 is also for all europe stocks sans Spain which I think is T+3 but may be T+2 as I think that changed this year. Looking at Middle East, I believe it's T+3 for...

So it's unrealistic to think that once oil gets back in the 80/90 range, these etfs/etns will be much higher?

I beleive the $25 call. All A share holders are getting out. B share holders are frantically trying to convert to A to get out.

I'm in a tough position. I put $5k in my trading account (granted not much) and put roughly 3k into UCO, 1k into UWTI, and 1k into exxon. Contrary to the idea that UWTI and even UCO are used as day-to-day trades and positions are closed the same day they're traded, I'm holding on. I bought UCO...

As someone who went to a private school vs my fathers better judgement of going to a public institituion, I have no problem paying back my student loans (currently sitting at 48k, down from initial loan of 58k). I work in finance and pay minimum amount per month. Once bonus/tax returns come in...