Crew, During this INSANE time, with oil crashing 45%+ in one day, I want to ask:
1: Who do you listen to about these markets that you trust? 2: Who is out there that can discuss these market crashes in Oil? This is NOT good for America with oil crashing the way it is. 3: What kind of trades are you making? 4: Who are you listening to to profit during this time...
Let us share ideas with the smart pedes of TD.win and help make some money in these times!
The oil stocks I own that I have added to recently on this decline are Chevron (CVX), Marathon Petroleum (MPC), and EOG Resources (EOG). And just recently I bought shares in Enbridge (ENB).
The important thing in bottom feeding off this downturn is not to gamble. Invest in companies that are in a strong financial position to ride out this downturn and prosper on the far side. If you gamble on the shakier ones, you may win big, and you may lose big. But you are going to win big just by going with the strong ones and holding on for a period of years.
Some other good ones to be in (IMO) are Valero (VLO), Royal Dutch Shell (RDS.A), British Petroleum (BP), Conoco Phillips (COP), Phillips 66 (PSX), Exxon Mobil (XOM), Total (TOT), Equinor (EQNR)
I might own Total instead of Chevron if you didn't have to pay French taxes on the dividends and capital gains
Most investors should of known this crash of oil price was coming. World wide slow down just made it worse. It was inevitable. Which is why trump talked to them about settling this dispute. Long term I agree with rebelde , long term stay in strong international companies. Short term is too volatile.