Is BNO a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

300 people get BNO articles and Market Currents by email alert.

Get email alerts on BNO »

HEADLINES:

Short-Term Bearish On Brent Prices, Exciting Long-Term Energy Outlook
Shelley Lin • Thu, May 23 • 5 Comments
Oil Market Manipulation Reaches Absurd Levels
EconMatters • Tue, May 21 • 13 Comments
Rising Treasury Yields: QE Tapering Or Real Selling?
AlphaVN Research • Sun, May 19 • 6 Comments
Brent Vs. WTI: Minor Setback Due To Commodity Sell-Off
Nico Inberg • Fri, May 17 • 2 Comments
Brent Vs. WTI: Let Your Profits Run
Nico Inberg • Mon, May 6
The 5 Main Factors That Determine FX Rates
George Dorgan • Fri, Apr 26 • 3 Comments
April's Analysis Of Natural Gas And Crude Oil Outlook: Good News For The Energy Industry?
Stephan Dube • Thu, Apr 25 • 3 Comments
Brent/WTI Spread Drops To A 52-Week Low
Bespoke Investment Group • Wed, Apr 24 • 1 Comment
Crude Oil And Gasoline Inventories Decline
Bespoke Investment Group • Wed, Apr 17
5 Reasons Why I Am Shorting The Market
Brennan Basnicki • Tue, Apr 16 • 367 Comments
Brent-WTI Spread Drops To A 52-Week Low
Bespoke Investment Group • Thu, Apr 11
How To Play The Oil Market With Commodity ETFs
Charles Armstrong • Wed, Apr 10 • 11 Comments
Don't Overlook The U.S. Dollar Factor For Oil Prices
James Picerno • Mon, Mar 25 • 4 Comments
Brent Crude And WTI: When The Same Thing Becomes Very Different
Charles Armstrong • Thu, Mar 21 • 36 Comments
Weekly Gasoline Price Update: Down A Penny Or Two
Doug Short • Tue, Mar 19
Oil Vs. Gasoline Prices
Bespoke Investment Group • Mon, Mar 18
Weekly Gasoline Update: Regular Down A Nickel
Doug Short • Tue, Mar 12
Weekly Gasoline Update: Down $0.02
Doug Short • Tue, Mar 5
Gold Responds To Bernanke Finally Telling The Truth
Peter Pham • Wed, Feb 27 • 23 Comments
Weekly Gasoline Update: Prices Rise Again, But At A Slower Pace
Doug Short • Tue, Feb 26 • 2 Comments

To learn more about Seeking Alpha Pro, click here.

Brent Crude And WTI: When The Same Thing Becomes Very Different
Charles Armstrong • Thu, Mar 21 • 36 Comments
All About The Brent Oil ETF
CommodityHQ • Mon, Oct 22, 2012
Forget WTI, Play Crude With This Oil ETF
Zacks Investment Research • Wed, Dec 21, 2011 • 2 Comments
What Libya Means for Oil ETFs
Tom Lydon • Mon, Mar 7, 2011 • 1 Comment
ETF Spotlight: United States Commodity Brent Oil Fund (BNO)
Tom Lydon • Wed, Feb 23, 2011
Middle East Shifts Away From Oil Exports
Investment U • Thu, Feb 10, 2011 • 1 Comment
A Different Kind of Crude Oil ETF From U.S. Commodity Funds
Michael Johnston • Thu, Jun 3, 2010 • 2 Comments
Now Trading: U.S. Commodity Funds' Brent Oil ETF
Invest With An Edge • Thu, Jun 3, 2010 • 4 Comments

Short-Term Bearish On Brent Prices, Exciting Long-Term Energy Outlook
Shelley Lin • Thu, May 23 • 5 Comments
Oil Market Manipulation Reaches Absurd Levels
EconMatters • Tue, May 21 • 13 Comments
Rising Treasury Yields: QE Tapering Or Real Selling?
AlphaVN Research • Sun, May 19 • 6 Comments
Brent Vs. WTI: Minor Setback Due To Commodity Sell-Off
Nico Inberg • Fri, May 17 • 2 Comments
Brent Vs. WTI: Let Your Profits Run
Nico Inberg • Mon, May 6
The 5 Main Factors That Determine FX Rates
George Dorgan • Fri, Apr 26 • 3 Comments
April's Analysis Of Natural Gas And Crude Oil Outlook: Good News For The Energy Industry?
Stephan Dube • Thu, Apr 25 • 3 Comments
Brent/WTI Spread Drops To A 52-Week Low
Bespoke Investment Group • Wed, Apr 24 • 1 Comment
Crude Oil And Gasoline Inventories Decline
Bespoke Investment Group • Wed, Apr 17
5 Reasons Why I Am Shorting The Market
Brennan Basnicki • Tue, Apr 16 • 367 Comments
Brent-WTI Spread Drops To A 52-Week Low
Bespoke Investment Group • Thu, Apr 11
How To Play The Oil Market With Commodity ETFs
Charles Armstrong • Wed, Apr 10 • 11 Comments
Don't Overlook The U.S. Dollar Factor For Oil Prices
James Picerno • Mon, Mar 25 • 4 Comments
Weekly Gasoline Price Update: Down A Penny Or Two
Doug Short • Tue, Mar 19
Oil Vs. Gasoline Prices
Bespoke Investment Group • Mon, Mar 18
Weekly Gasoline Update: Regular Down A Nickel
Doug Short • Tue, Mar 12
Weekly Gasoline Update: Down $0.02
Doug Short • Tue, Mar 5
Gold Responds To Bernanke Finally Telling The Truth
Peter Pham • Wed, Feb 27 • 23 Comments
Weekly Gasoline Update: Prices Rise Again, But At A Slower Pace
Doug Short • Tue, Feb 26 • 2 Comments
Gold Approaches Its Decision Point
Tom Luongo • Sun, Feb 24 • 52 Comments

There are no Transcripts on BNO.

Outside the Box: Treasurys and dollars are your best bets now

at MarketWatch.com (Oct 11, 2012)
Money Talks: 5 money moves one risk manager is making now

at MarketWatch.com (May 24, 2012)
Crude Prices: Is the Brent-WTI Spread Unwinding?

at CNBC.com (Feb 17, 2011)

BNO vs. ETF Alternatives

BNO Description

The United States Brent Oil Fund, LP ("BNO") is a domestic exchange traded security designed to track the movements of Brent crude oil. BNO issues units that may be purchased and sold on the NYSE Arca. The investment objective of BNO is for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange, less BNO's expenses.
See more details on sponsor's website

Key Info

In Your Portfolio: A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 24, 8:07 AM Oil traders might have an opportunity in the recently-narrowed spread between WTI crude (USO) and Brent (BNO), says Goldman. Though expecting further narrowing in the near-term, the team recommends selling WTI Dec. 2014 contracts and buying equivalent Brent as rising Gulf Coast supplies later this year and in 2014 should pressure WTI prices. Comment! [Commodities]
Tuesday, May 14, 4:50 AM Thanks to U.S. shale oil, demand for OPEC crude will remain largely unchanged over the next five years the IEA says in its semi-annual report. "Output growth from North America dominates the medium-term growth profile," the agency notes. By 2018, U.S. output should reach 11.9M barrels per day, 20% of the projected total of 59.3M barrels per day of non-OPEC supply. 3 Comments [Commodities]
Monday, May 6, 8:31 AM The commodity boom (DBC) is over, writes Morgan Stanley global macro chief Ruchir Sharma, as massive overinvestment - mostly to feed China's voracious demand - comes online just at the time said demand becomes considerably less voracious. Not only are China and emerging markets in general slowing, but the countries are striving to become more efficient (USO) as well. "If historical pattern holds, we are now entering a long period of falling commodity prices, which could last two decades." 2 Comments [Commodities]
Monday, May 6, 6:53 AM Crude gets a boost from its favorite catalyst: geopolitical tension. Brent futures hit their highest levels in a month Monday after Israel steps up airstrikes on Syrian targets over the weekend. Expect the risk premium investors attach to oil to rise further in the coming weeks should rhetoric surrounding possible U.S. intervention heat up. Nymex crude jumped in early Asian trading as well. 1 Comment [Energy]
Wednesday, May 1, 4:30 PM Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) 12 Comments [Energy, U.S. Economy]
Thursday, April 18, 10:32 AM One would expect lower crude inventories to result in higher prices, but that didn't happen yesterday as WTI slid below $87. Walter Kurtz's four possible reasons to explain crude's downside moves: weaker than expected growth in China has sparked a negative sentiment in commodity markets; hedge funds unwinding positions; lower U.S. demand for gasoline; North American production continues to surprise. 2 Comments [Commodities]
Monday, April 15, 11:57 AM It's not as bad as gold, but crude oil is taking a beating too as weaker-than-anticipated economic reports from China deepen demand worries. Goldman Sachs says it has closed its long position in Brent crude with a loss of ~15%, worried prices will come under more pressure as European refining capacity comes back online after routine maintenance. WTI -2.9% to $88.59, Brent -2.6% to $100.45. Comment! [Energy, Global & FX]
Monday, April 15, 6:57 AM S&P 500 (SPY) futures -0.5%, Nasdaq 100 (QQQ) -0.4% as the liquidation in precious metals continues. Other sensitive commodities: WTI crude (USO) -2.5% to $88.76, and copper (JJC) -3.4% to $3.23. 6 Comments [On the Move]
Sunday, April 14, 5:51 AM Investment in North Sea energy is forecast to rise to a record £13B this year from £11.4B in 2012 as 14 new oilfields start production. Around 470M barrels of oil and gas are expected to come on stream – five times the average of the past three years, while output is predicted to rise to 2M barrels of oil equivalent a day by 2017 from 1.5M boe/d. The boost in a once-moribund area comes amid technological advances and government investment incentives. Comment! [Energy]
Thursday, April 11, 10:47 AM Crude futures give back a bit of recent gains after the IEA cuts its outlook for global oil demand growth to 795K bbl/day from a previous 820K bbl/day, reflecting weak demand from industrialized countries and especially Europe, where 2013 consumption is seen at the lowest since the 1980s. Still, political threats to supply and an imminent recovery in refinery operations mean it's "too early to call a bear market." Comment! [Energy, Commodities, Global & FX]
Monday, April 1, 8:57 AM West Texas crude’s discount to Brent prices widened from the narrowest in almost nine months after Exxon Mobil (XOM) shut its 96K bbl/day Pegasus pipeline system due to a leak in Arkansas. Inventories already are high, and the pipeline closure will mean less crude can be transported from the U.S. Midwest, potentially exacerbating a glut of oil coming from Canada to the Midwest. Comment! [Energy, Commodities]
Tuesday, March 26, 5:45 PM An increasing push to substitute natural gas for oil and improvements in fuel economy could lead to the end of growing oil demand much sooner than expected, Citi's Seth Kleinman forecasts. The last decade's structural bull market was a result of surging global oil demand and weak non-OPEC supply growth; the outlook has now reversed, meaning Brent prices are likely to hover at $80-$90/bbl by decade's end. 7 Comments [Energy, Global & FX]
Tuesday, March 12, 6:46 PM Surging output from shale oil fields likely will lift U.S. crude output to 7.5M bbl/day by October, topping net imports for the first time since 1996, the EIA says in its Short-Term Energy Outlook. U.S. demand last year fell 400K bbl/day to a 16-year low 18.55M, and EIA expects demand in 2013-14 to barely inch higher, as aggressive conservation and substitution measures have pushed consumption onto a new trajectory. 4 Comments [Energy, Commodities, U.S. Economy]
Tuesday, March 12, 8:18 AM World oil demand is set to grow 800K barrels/day in 2013, says OPEC in its March monthly report. That's unchanged from a previous forecast and the same as 2012. Supplies, however, are on the rise thanks to shale oil, says Compass Global's Andrew Su, cutting his forecast for WTI crude (USO) to $75/barrel. 1 Comment [Commodities]
Monday, March 11, 5:41 PM More on Goldman's buy-the-dip short-term outlook for commodities: Crude oil is attractive because of emerging-market demand, limited OPEC spare capacity and relatively low global inventories. Brent futures should continue to show backwardation, and "substantial pipeline de-bottlenecking" in North America should support WTI prices. Gold is another story: It's a flat-out short, with prices rising before falling. 4 Comments [Commodities, Energy]
Monday, March 11, 11:56 AM U.S. oil stockpiles are up almost 6% YTD and remain well above the five-year average for this time of year, due mostly to a 22% surge in U.S. oil production. Yet crude prices also are historically high, and with coming fixes to pipeline bottlenecks likely to unlock WTI’s value and Brent supply and demand still tight as Iranian crude remains out of the market, it would take a major shock for high prices to end anytime soon. 1 Comment [Energy]

ltfinger
New Downgrades (4/4/13): $AMP, $ANGI, $APA, $AVGO, $AWAY, $BCPC, $BEAM, $BEAV, $BGC, $BNO, $BYI, $CLW, $CNQ, $COP, $CPSS
Apr 5, 12:35 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
New Upgrades (4/2/13): $AMT, $APO, $BNO, $HRS, $INFI, $LTD, $PSA, $SVXY, $TU, $URBN, $ZMH
Apr 3, 1:02 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
$Gold Approaches Its Decision Point Feb 24 2013, by:Tom Luongo $BNO $FXE $GLD $XLF http://bit.ly/V878dn Watch the Currencies Carefully. MY2¢
Feb 27, 3:16 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
Bloomberg: WTI $OIL Trades Near Four-Month High on Seaway Pipeline Expansion. $BNO http://bloom.bg/UYmy0N
Jan 14, 4:45 AM
Reply (3)

• !Report Abuse
View all 3 replies
x oil -field: Hedge funds borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in 4 years. $SPY
Jan 14, 5:09 AM
• !Report Abuse
x oil -field: Hedge funds borrowing more to buy equities. $SPY http://bloom.bg/13utd81
Jan 14, 5:10 AM
• !Report Abuse
Add a reply...

140 characters

Master Che
GLD - SPY - USO - BNO - QQQ - XLE - http://seekingalpha.com/p/pgaz
10/18/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Master Che
BNO: - http://seekingalpha.com/p/5q06
1/31/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

John Ward
Oil's simplicity is appealing. Run up, consolidation, breakout; cut-loss, yesterday's low. USO UCO ERX BNO
1/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

The_American
BNO UCO DBO OIL SCO which are all oil trades. If EUO breaks down, money flows into UUPT UDN UUP. It will not last. Our debt is 100% GDP- GLD
12/23/11
Reply (1)

• !Report Abuse
View all 1 replies
murcilp640: damn right
12/23/11
• !Report Abuse
Add a reply...

140 characters

Dr. Kris
Trade Note: Oil breaking down as shown by breakout in 2x bear ETFs DTO & SCO, breakdown in 2x bull ETF UCO, and breakdown in Brent ETF BNO.
6/23/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

x oil -field
Bloomberg: WTI $OIL Trades Near Four-Month High on Seaway Pipeline Expansion. $BNO http://bloom.bg/UYmy0N
Jan 14, 4:45 AM
Reply (3)

• !Report Abuse
View all 3 replies
x oil -field: Hedge funds borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in 4 years. $SPY
Jan 14, 5:09 AM
• !Report Abuse
x oil -field: Hedge funds borrowing more to buy equities. $SPY http://bloom.bg/13utd81
Jan 14, 5:10 AM
• !Report Abuse
Add a reply...

140 characters

The_American
BNO UCO DBO OIL SCO which are all oil trades. If EUO breaks down, money flows into UUPT UDN UUP. It will not last. Our debt is 100% GDP- GLD
12/23/11
Reply (1)

• !Report Abuse
View all 1 replies
murcilp640: damn right
12/23/11
• !Report Abuse
Add a reply...

140 characters

BNO The United States Brent Oil ETF, LP

BNO

The United States Brent Oil ETF, LP