posted ago by Dale_Gribble
+7 / -0
with xiden saying hes going to do that green new deal trash and him not really able to keep his word on anything. I have no idea if oil will actually be banned and cows too or he was just doing that to get votes.
i just dont know. Anyone wise ones out there willing to help me out?
with xiden saying hes going to do that green new deal trash and him not really able to keep his word on anything. I have no idea if oil will actually be banned and cows too or he was just doing that to get votes.
i just dont know. Anyone wise ones out there willing to help me out?
I sold about 75% of my stocks. He's going to destroy the economy. Worst comes to worst I can buy them back after they go down. Just be wary, we haven't see nothing yet.
Oil is still going to be around for a long time. Oil isn't just used for energy production, it's also has a bunch of industrial uses. Our military also runs on oil.
yeee thats why im so worried oil is used to make a ton of things. If anyone wants to cripple america go after the oil.
Sorry meant to clarify, this will most likely mean that even with a "Green New Deal" there will likely not be much done in the way of actually banning oil. Energy stocks have gone up a lot in the past couple months, so you can take profits and leave the original principal in the market. Or do the opposite and take out the principal so you only are playing with the house's money.
You will know the answer by Wednesday.
The major integrated oils have done well off the bottom, but not THAT well. Capex has been a big issue for BP, XOM, CVX...Deepwater is expensive on a per-barrel basis. (There is no such thing as an actual barrel of oil, which is amusing) PSX and VLO have also done well. MRO has been a dog...some of the babies like MTDR, MUR, LBRT, HAL, and Apache (same sector...) have exploded off the bottom. I see some short-intermediate risk in some of those names, but I’m a holder... Crude produces something like 30 distillates used across all industries, boiled down to bunker fuel, which is 1 step above road tar...Air travel and work from home has cut into overall consumption, but the refineries are still running at high capacity. Oil itself traded negative, USO, last year because options expiration was forcing delivery...it was amazing... Dan Pena has a great video on oil supply/demand that’s short...I love oil regardless. We are always 1 missile strike away from $100 oil and having “explosive” ROI. Buy some waaaay outta the $ puts if you’re worried.
And, to further cut risk, XLE is an index ETF that yields...If you like yield, USA, DIV, SDIV, SRET, QYLD...one way or the other, the next 2 years will be a rollercoaster!
how do you feel about oke?
Lol. That’s one I don’t own, probably bc it didn’t trade low enough to buy last March/April; I see it on the ticker a lot. It’s like so many others...minus they actually have some earnings and yield! I’ve been a pussy! Perhaps I’ll pick up a share or 2... :). I’ve gotten my ass handed to me on UNG, and there’s legislative risk of course, but energy makes the world go round.
HEY DONT BEAT YOURSELF UP! I found it when my friends dad's investor friend told him about it. Im a dividend investor so yah know
after this talk im thinking of pitching a investing.win. Thanks man.
Reddit has an investing sub, but they’re circle jerking about GameStop options...they killed it, but I hate GME...there is apparently no such thing as fundamentals anymore...it’s retail, in malls and strip malls, Hudson games is more awesome...sigh. Then there’s the airport Hudson, which is probably gone gangbusters, but should have gone bust. I guess selling $10 water can keep you in biz despite air travel down, what, 60%? Wtf? I can’t explain it...I mean, I bought TUP @ $1.46 (foolish/gamble) and now it’s my largest holding (foolish/stupid.). Party city, Kirklands...I dig into the abyss of investment cesspools. Every 10 years or so, you can make some real $ if you gamble...had a bunch go bankrupt, but the rewards far exceed the risks..If only 3-4 of 10 make it, you kill it....I’m stuck in a rut where I can’t sell anything and don’t want to buy anything...DMTK is on a tear, and I was pissing myself when I paid $12.50 and bought the gf in somewhere in the $10 range... It may keep flying as people learn the power, but everything is too high...FCEL, blink charging, BTU’s dangerous here...and I’m eating bowls of shit on Nikola...ain’t nothing like pissing into the wind...toss me some ideas; I bought in the toilet, but who in their right mind pays $ for FCX now? I picked up a couple of Oneok’s for the Roth. Great call! Ps. I like the suicide metric-> once people start jumping out of windows, it’s time to buy...No ones jumping now, so I’m more fearful than greedy. Here’s my grocery store... https://www.barchart.com/stocks/performance/percent-change/declines
Dan Pena on Oil
Keep!
Sell the companies that support commies
check. I make sure not to support left leaning companies. Its just not the way to play.
Buy some physical precious metal
I missed the word “oil” in my first reading. I think oil companies will pop when Trump gets sworn in, but after that new technologies will be introduced that will nearly obsolete oil. JMHO
i feel like oil will always be needed to a point tho.
Always is a very long time