Twenty dollars

WTI is coming into SEVERELY oversold territory.

Inflation adjusted low was $17.50 set in 1998. Nominal low was $10.

Oil is currently $24.55

Can oil fall further? Yes. But right now, it's historically cheap. VERY cheap.

START ACCUMULATING NOW

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WHERE'S THE OIL STORE?????

HOW DO I PROFIT OFF THE OIL WAR PLEASE HALP ME

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Oil ETFs. Don't over-leverage yourselves.

Yes, but when a 2000 dollar investment could become millions in a couple years that is an upside potential that makes the risk acceptable to me

wh-whats an ETF sempai?

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USOI

Get rich off cheap oil while you collect dividends every month. Get paid while you get paid.

Just buy barrels and fill them with gas from the cheapest place around. Hold them in your garage for a few years and then resell it.

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what etfs are you looking at currently?
And if I put 2k into a leveraged oil ETF can I lose more than the said 2k?
sorry for the noob question but I'm just starting to graduate from crypto to stocks

WILDCARD BITCHES

I CUT THE BREAKS ON THIS MARKET

WE AIN'T STOPPING UNTIL WE HIT THE $18 WALL

google.com/search?client=firefox-b-1-d&q=Oil ETFs

Help a new retard out, is that 1.40/yr dividend more or less set or is it determined by the current price.

how do you know which ETF to invest in?
As a financial shrimp, how do I pick an ETF for the sole intention of investing in Oil?

Lol fuck you Saudi Arabia I hope the Houthis hit your oil refineries again

OIL JUST FLEW OVER MY SOLAR PANELS

no the ETF can only go to 0 and you lose everything. a lot of people think its impossible but it isnt. for example last monday when oil tanked over 33% some triple leveraged ETFs went to $0. but that was a once in a year type event coupled with this corona fiasco

>Shell, BP, Exxon offering divs of like 10-15

So... what’s the catch of just stuffing my portfolio full of these and leeching dividends?

Cool thanks. Yeah of course it's possible.

Literally UWT will experience shitcoin level gains once this shit is over. The saudis WILL NOT be able to sustain increased production levels. It will drop to around $0.3x today. It was over $15 before this all began and was over 25/share this time last year. Leveraged ETFs are gambling, and you will potentially experience losses on par with crypto, but there is also the chance for insane gains.

They will drop when the stock and economy overall improves..?

Look at the dividend history. Some will have constant dividends like F, but most adjust over time. A lot of mining operations have constant dividends but the share value diminishes over time.

Yes, but the value of the shares should improve as well.

thanks. going all in on UWT when it drops below $0.40 today!

Looking at UWT right now.
It would require oil to go -33% in one day to make my money disappear which is highly unlikely. Right?

Can someone red pill me on whats going on? What are the Saudis doing?

I'm buying at 15.

What are some good oil stocks then? I only know the common ones like shell and exxon

It can fluctuate but the yield has always been well above 10% for a long as I can remember. Biggest monthly dividend I collected was 93 cents a share which was huge at the time.

Gush is at the same price with a 52 week high of $150

How do I into stonks?
Never done anything before but Throwing like $40 at gush and uwt sounds like something I could stomach.

i was just meming. but real talk, what are the odds of either one going to 0? i dont mind sitting on them for however long is needed

OPEC wanted to do a oil production cut to boost the price up but the Russians refused so the Saudis started a price war the main casualty will be the US fracking industry

wtf GUSH started at 2k?
did someone get GUSHed?

I hope fucking Saudi Arabia goes down for this shit. Time to bankrupt the Arabs.

>cant buy gush or uwt with degiro

UWT just dropped to 45 cents

End me now friends.

whats the difference between gush and uwt tho?

How the fuck can that cuck Trump allow American shale producers to be REKT by these Saudi sand niggers and their Jewish proxies.

Does Trumps love of the Kike exceed his loyalty to US industry?

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>his loyalty to US industry

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Bottom is at $6

Can you name a US president in the last 40 years whose love of the like didn't exceed his loyalty to US industry?

whats our buy in price for UWT and GUSH?

Your guess is as good as mine lad

Fucking Jewish Google autocorrect, like above should be kike.

there's nothing the US can do about it really but the Green New Deal

Its 13 actually

$40 is a tiny amount to throw at a stock. Try crypto instead, once you've worked out how to get some try binance margin with 5x leverage, then you might turn 40 into 200 into 1000 into made it. Try short-selling at the moment, I started shorting the same week the stock market started to implode, week starting 24th, and am up over 300% so far, but this hasn't finished, Goldman Sachs predict S&P 500 index to 2000, which is 20% down from where we are now
I read it correctly first time

I have more but at 30 or 40 cents, couldn't I just sit on it? I am self aware enough to know I don't know anything and I'll probably lose the money, so might as well do it with an amount I wouldn't notice.

type "oil" in etfs
there's some stuff

Just umm... just start learning about investing and trading in general and quit when you quit money which will be when you die unless you decide to become a hermit. Easier for me as both my parents were economists, but money is part of civilisation and you might as well know something about it. I don't know what broker might be good to go with in your country as I'm in New Zealand, you'd want one with zero fees for example, my NZ broker charges $10 a trade so your $40 trade would get 25% taxed.

So is GUSH and UWT about to become dust?

Thanks friend

I started crypto trading with about $40 though and it's actually possible and fun where minimum order quanties are often about $10

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