Here's Why I'm Shorting This Oil ETF

Here's Why I'm Shorting This Oil ETF

I remain short (read the prospectus). It is a flawed ETF and the risk to now are a price spike, not a collapse. The global economy is accelerating and with it so too will demand; the middle east has been relatively peaceful (how long can that last?), OPEC is extending production cuts and while up over 2016, rig counts have been essentially flat for 2017 despite the rise in oil prices.

2017 Baker Hughes Rig Counts

2017 Baker Hughes Rig Counts

(Why?)

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