Member Info for Phoebus

ENQ and TLW, PMO, GENL etc?

Just to add, my Barclays account actually shows the instrument as suspended.

Thanks for the quick reply. I also emailed them this morning and am awaiting a response. Given this is 3x short if the underlying were to move up by 33.34% since the previous close then the fund would automatically terminate at near zero, but this has not happened in reference to either yesterday's LSE or futures close so it must be some other event. Perhaps they have just suspended the instrument to avoid the risk of the fund blowing up which increases exponentially as the price reaches the zero bound. Perhaps there has been some exponentional mismatch between the money invested and the underlying value remaining in the fund. Who knows?

is taking so long to start trading today? SOIL already started trading.

Looks like it might be start of a leg lower. Should help TLW SP a bit.

Well done. Now don't lose it all. ;)

$11.96!

I bet everyone that was long May WTI was saying that too. They get destroyed. It will turn eventually, but when?

Already up 38% today.

https://www.zerohedge.com/s3/files/inline-images/2020-04-20_11-29-23.jpg?itok=vahS5aug

$2.93.

$3.95. CME has warned it can trade negative. Let that sink in.

Having touched $4 a few minutes ago. And Canadian C5 condensate spot is not negative! BONKERS!
https://www.zerohedge.com/markets/historic-oil-crash-sends-canadian-oil-prices-negative

Like me it's sounds like you're looking for the best way to play the crash in WTI and Brent. I'm thinking this plus a selection of junior producers and perhaps the producer basket SPOG. TLW, PMO, RRE, ENQ seem to rebound quickly and there is always BP. and RSDA. I think it's options expiry today so I'm expecting WTI to rally big time after the European close, but who knows. Virus may have a long way to run yet.

Wow. First post on here answered very quickly. Nice one. I'm seriously considering buying in too. Given this is a basket of various dated futures contracts I guess it could still drop if front month rises and following months still drop. Of all the LSE listed ETFs this seems to be the one that most closely tracks the front month WTI price action and its certainly very liquid with a large capitalization. I'm also looking at SPOG as a basket of large cap oil producers.

a recovery in the price of WTI from historic lows?

That's a bit insane. Not far to the 47 year low now!

A very muted response. Doesn't help that WTI crude just hit the lowest since 1999 as the RNS hit. Oil investors a bit nervous I guess.

Looks like ZEN board has gone from zero to hero.

Quality partners too. China National Petroleum Corporation has a 22.5 % interest.