Ask your questions about oil

Do you recommend buying USO? Is now a good price or should I wait a bit more. How long do you think this price war will last?

Is it the RuSsIaNs or JeWs who are making oil low? Oil maxis need to die.

None in the moment. Shorted and got out a bit too early. Now I wait for prices to drop a bit more and then go long for ~1 year.
Use contracts or ETFs (ETCs) but be aware of the roll-over cost

seems to follow the oil price pretty accurately.
I can't look into the future but I am waiting for lower prices. They might drop close to $0 when they start paying companies to take the oil.
The price war just started, it will last a few weeks but difficult to predict. Many factors included (like Russia trying to push US out, cash reserves of Iran, actual oil price / storage cost / production cost in different areas / demand due to covid-19

There are likely multiple agendas at play. Likely that russia wants to hurt US, Saudi Arabia wants to screw Russia

What are the US oil companies most likely to survive this oil Jihad.

How do I short?

How oil tanker stock will perform?

futures contracts (long term) or inverse ETCs (short term)

The large cap ones will be fine. Get out of small cap ones. Also fracking is dead (very expensive, only maintained for political indepencence. But not worth it in times of cheap oil)

It will sink once it passes Hudson River, due to Ocelot stealing the Ray prototype

Did I miss the bottom?

go buy some scratchoffs and beat your kid, nigger

No, we are unironically just getting started.
If OPEC+ come together and agree on a production reduction agreement, maybe triggered by Covid-19 demand crisis, then we will go back up. But this probably takes a while until the parties get desparate (Russia due to high manufacturing prices, Iran / Saudi Arabia due to running out of cash)

That’s a literal slave.

>wearing pants

what do you think about 3x leveraged etfs long for the price rebound?

How fucked am I bag holding XOM at ~39? How fucked am I bag holding MRO at ~3.28

never go leveraged long. This will likely be a slow rebound and roll-over & decay will RIP you

adventuresincapitalism.com/2020/03/23/time-to-buy-stuff/

he recomends buying tanker stocks

$TNK $STNG $FRO $NAT DHT
DHT, EURN, LPG, STNG, TNK

Is it better to buy oil or oil companies when the time is right?

>Now I wait for prices to drop a bit more
$40 a barrel oil in a month

Wanna oildrill this specimen.

What makes u say that friend o

That would have been a good move, about two or three weeks ago.

>XOM
you'll be fine. Will likely go down short term but will go above current price in the long term. Keep it and be happy about the great dividents of most big oil companies

>MRO
not too familiar with, apologies. But small cap oil companies are at risk during this price war

that guy posterd about this in 19 march

What is a good American oil major or other large company with a very small presence in north america, and not very devoted to exploration? I'm looking for a large american company that will recover the fastest because its focused on extraction, transportation, and refining oil from the cheapest places like ME, india, russia, south america etc. and not focused on exploration, offshore, fracking, expensive low return shit like that. any recommendations? was looking at FTI(I know its not american), but it has large exploration and subsea segments which im not thrilled about.

THIS

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What about refiners and other shovel and pick plays?

Companies are easier to buy / hold but be vary of other factors affecting company stocks (management, etc.)
Generally they are fairly closely related though. Stay away from small cap oil companies until the dust settles

recent investor dumped about 5k into exxon @ 50$ im i going to make it i plan to hold it for 30 years my question is should i dump more of invest in to the RDSA-B I FILL like i should control my shot here and invest in exxon only

Why should I believe you?

>south america
>cheap oil

Nope, horrible sludgy stuff which takes a lot of refining.

what do you think about the play to buy oil tankers for the revenue they will generate by storing excess crude for a year while this corona thing blows over?

Would you recommend state owned companies overseas that took a hit in their stocks thanks to everything?

Thank you for your confirming my biases.

If XOM div yield gets above 11% again IDGAF how bad the oil war looks I am going to buy that mother fucker so good and hard my dick will cum oil

you can always google stuff to confirm once you heard about it. Always DYOR. Why would you blindly believe an autist on Yas Forums?

I've read Russia and Saudi Arabia saying how they enough reserves to go on like this for years. Is that just tough talk to get the other nation to fold?

Not sure about the tankers, heard about it but no expert. Storage will be short very soon though, so you might be right.

I'd probably be careful with any oil companies (also refineries, etc.) at the moment. This price war, together with reduced demand for unknown amount of time might well re-shape the whole market. Big players will likely be fine long term though

Buy ConocoPhillips?

yeah good point catch. count india out too. but your missing my point. at least a partial goal or a secondary benefit of the so called price war, as far as the instigators are concerned, it driving US and canadian producers out of business. I believe my goal of finding companies focused on maintaining low cost oil fields, transportation, refining and petrochemicals, instead of new technologies, exploration, and maintaining high cost oil fields, will be profitable if such a company even exists.

They can but it will literally destroy Saudi Arabia as a nation (they do a lot of spending) and deplete Russia's sovereign wealth fund and hurt their currency.

4D chess going on, so all you will find are probs opinions.
Fact is Saudi Arabia is very dependent on their income from oil. Not sure how long they can keep the prices low, but might be months or even a year... maybe

The Saudis extraction costs in about $25. The Russians are at $300 but their foreign exchange reserves are very small, the rouble is a shitwipe and their financial sector is a semi0nationalsied wreck.

With no money coming in from oil and gas and tax revenues about to collapse the Russians are quite fucked.

By nature oil companies MUST invest in exploration and R&D to make profits and keep market share. Wells do run dry and it happens pretty quick in terms of their invested amount vs profitability. Be careful investing in ones that are too conservative with exploration and development. Healthy CapEx is good for an oil company.

What should I short?

OPEC nations are already loudly complaining about the lack of revenue. Russia is pissing away money doing this too.
This will be over by summer.

How about these oil companies stop burning off the natural gas and start selling it? Look at Cabot oil, $COG.

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Gee wow what an idea I wonder why they havent thought of that

Will SHLX be good to hold in the long term also you think dividends will get cut?

yeah but exploration is fucked. the saudis and russians know where their oil is already.

>This will be over by summer.

The lack of demand will be here until the virus is gone.

>Niggers fetishize morbid obesity

Why would the U.S. want to invade Venezuela to prop up the oil prices?

What's up with Kosmos Energy

So? They can't keep prices this low long enough to put oil majors out of business. Oil majors could put themselves out of business, however, if they fail to maintain their core business and market share. Think long term my friend.

I doubt that. Shipping never stopped completely plus it will be ramping up again withing two months and construction/mining isn't slowing down despite all of this.
Cars don't consume as much oil as you think and even then people are still going to be driving more than they are now into the summer.

If the US occupied Venezuela in the medium/long term oil prices would go down. Venezuelan extraction is in a terrible mess, production has been declining for years.