LET THE OIL BODIES HIT THE FLOOR

Already confirmed, I will be out of work by the end of the month.

t. AlbertaOilBro

Fuck that I'm not selling. I longed so I could reap the benefits when it goes back up and I'm still convinced it's going back up. Eventually.

1$ and 20¢

IT'S REALLY FUCKING OVER, ALL OF THIS HAPPENED BECAUSE A BUNCH OF DUMB FUCKING ELDERLY RETARDS WANTED TO EAT A GOD DAMN FLYING RODENT

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Legit question, how low is this going to go? I want to start buying these lows but not if it's going to hit 15 or that magic number of 11.

Fuck me my old man works on a rig and pays my phone and insurance

It's going negative

Holy fugggggg

Gush reverse splits on Monday though. What’s so good about buying now, unless you know something I don’t?

>biggest slide since the Gulf war
Connect the dots you niggers. A war with Iran is coming VERY soon. Saudi whales are currently cashing out and crashing everything

serious question
can I buy this?

No joke the economy needs to crash so unemployment goes up then we can get more people to join the military. Only then will we declarece war on Iran.

Which company? Subcontractor? If he works directly for one of the oil majors he's probably ok

JUST

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Buy at 10, oil wars are savage

Interestingly, Iran was also the second country to have a major breakout of this virus. You are correct though, a major downturn is perfect for recruiting more troops.

>recruiting troops in what is considered the nuclear death knell of US Foreign Policy
>while recruitment has been dropping like a rock for a decade

4D Chess Neo-Con strategy

Bros the only thing keeping my shitty country from imploding is oil revenue. This is going to gave untold consequences

What country do you live in?

Algeria

Best of luck fuck Saudis

feels good. my last fill-up was

>tfw DWT

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holding it over the weekned or nah?

hard to say man, can't see the price war cooling off anytime soon
just exited SQQQ
going try to do some quick thinking

This is Saudi and russia dumping oil, dude.

>lower gas prices are bad
but thats wrong retard

t. Donald

sauce?

>be oilprice
>sit extremely low
>US comes in and eats the orderbook in one fell swoop
>sit 24% higher
>wonder what happens next

FUCK OIL WE SHOULD GO FULL NUCLEAR

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You can google it, it’s already been announced.
They’re doing a 40 for 1 split, I’m in with about 225 shares right now and I’m trying to find a good moment to sell, I don’t want it to consolidate into 5 shares and then just drop again

What would the implications be of this?
How can I get barrels of crude delivered to my house?

So oil is cheap, travel is cheap, metals are cheap and everything is cheap. Yet at the same time FEDs are handing out cash like candy. What the actual fuck is going on?

Crash:
1) Deflation

>current fuel price about €1.2 per liter
>oil drops to $0 per barrel
>fuel price goes to €1.15
Thanks Estonia

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how do i profit off this?

Buy oil and wait.

The US is the top producer of oil.
Read that sentence again and think carefully.

Can anyone explain what all the different types of oil mean? I know WTI is US oil, Brent is euro oil, what about Crude? And where's the arab oil? Why are they all heading in widely different directions right now?

I have 3000 puts against Exxon. Strike 23 USD. Expires 3 months from now. About 20% OTM. Am I a retard?

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what are you guys buying? i have calls on USO for 1/2022, im wondering how they are so cheap. do people really think this oil war is going to last another 1.5 years?

TRUCK YEAH

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Fine by me. I didn't think gas would ever be

Fucking bat soup user

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Yes, because large companies like XOM or shell have hedged their production at pre crash levels for 1+ years

Better move would be to short one of the smaller, more leveraged companies.

So, you don't think they are going to cut their dividend? Also, I can only buy warrants from shitty investment banks. The underlyings I can pick are very limited. But okay, tell which which big oil company should I short?

cutting their dividend or not doesnt matter if you're 20% otm, lol

you may have missed the boat on shorting oil. Maybe long USD/RUB? Russia is being crushed

Lol. The entire world is about to go into lockdown. Oil demand is going to zero, price war be damned. Also, the market is not rational. If XOM cuts their dividend in half, why wouldn't the stock tank? Also three months is an eternity in Corona-Time. Do you understand how utterly fucked we are?

they have to pay you to give the barrels to you when it goes negative

Thisboil war isn't even close to being over. Buy things like Disney or MGM. Sell mid May. Buy oil with profits. Sell after rise. Buy cruise and airline stock last.