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#Oil price
Added 6 months ago

WTI crude oil futures fell to around $67.8 per barrel on Thursday, but remained near its highest level in over two months, as rising tensions between the US and Iran sparked fears of supply disruptions. 


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Purchased on the WTI chart oil has not been this low since 2022 - The commodity was at value in April 2025 ~ $60 and the share price was at a 52 week low as per Details:

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Disc: hold in RL


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#Nice dividend
stale
Added 4 years ago

$0.67702574 ex div 1st June

Looks like a bumper year for this ETF.

One more dividend to go at 30June.

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#Option for low duration exposu
stale
Added 4 years ago

This oil ETF may be a better & lower risk way to gain exposure to oil prices than investing directly into oil producers. Oil producers valuations are based on discounted future cashflows, which are highly uncertain, particularly given ESG concerns / risks. As a result, oil producer valuations do not necessarily increase in line with oil / energy prices, due to this duration and ESG risk.

If one wants exposure to / or hedge against increasing oil pricing in the short / medium term, this ETF is a better option to oil producers, which also face the same liquidity cycle headwinds as other equities will face over the coming months.




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#Yield
stale
Added 4 years ago

First of 3 distributions. Ex Div 2 May, value $0.48839493. That's a large yield (5+%)considering there are another 2 coming before the end of the FY to add to this. Unless I've missed something?

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