WGEN THE FUCK IS OIL GONNA BOOM ITS GOING LOWER DO I BUY MORE??? AAAAAAAAAAAAAAA IS THE BUY THE OIL DIP A MEME????
WGEN THE FUCK IS OIL GONNA BOOM ITS GOING LOWER DO I BUY MORE??? AAAAAAAAAAAAAAA IS THE BUY THE OIL DIP A MEME????
Bentley Smith
Other urls found in this thread:
oilprice.com
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Oliver Sullivan
wait a month
Brandon Cruz
it'll go to 0 for a bit. technically negative, but the charts aren't designed to go that way.
Alexander Sullivan
DO I BUY MORE???
Austin Davis
Now is arguably the best time to buy oil stocks in history. Your oil shares should consist of mid and large caps with low debt and strong balance sheets aka cash to burn to get through a crisis. What you want to buy and HOLD is MRO if less than 4.3, HAL if less than 8, SLB if less than 16, XOM if less than 40. And maybe some conoco. Again, plan to HOLD these for the long term and you will not lose.
Jeremiah Gonzalez
>buying commodities futures for purely financial reasons
You deserve it.
Asher Baker
IS THIS THE BIG BRAIN MOVE?
Joshua Harris
Some of us are old enough to remember the oil price doldrums of the 1990s. Lasted a long time if I remember correctly.
Aaron Bennett
BUY CHEVRON AND ONLY CHEVRON
>and maybe some BP
Luis Evans
not really maybe 2.5 years before it shot up. again, this is a long game, and this is not 1990's.
Yessir. Take this prescription and swallow it with a glass of my cum
Angel Perry
fuck chevron, its still near all time highs. Only buy stocks that are on sale
Nathan Bennett
Chevron is 35% off its all time highs and is in the best position to survive this shit show. Have fun watching your “on sale” stocks go to zero
Nathaniel Young
Wont happen the companies I invest in have the strongest balance sheets and have been around for 50 or more years. Chevron is the safest bet, but it is not a good deal right now. if it fell under 70 I would buy. But not now.
Nicholas Cruz
No, this is worse than the 90s. We’re literally shooting ourselves in the foot this time.
Daniel Sullivan
Im already seeing more cars on the road. Just a matter of time until oil moons
Camden Walker
>tfw you shorted it and made 2 grand in a day
Jose Clark
yeah thats what all the doomer fags are saying. There is blood in the streets. That is why I KNOW that NOW is the BEST time to buy.
Jordan Gomez
Ok Oil user, in the long run I guess you were right. I mightve got out of oil a little too early but those stocks are taking a beating right now. So i'll stop talking shit about you.
Cameron Hill
oil target $6
John Rivera
actually futures show 35/barrel by august. Short term will be ugly
Nathaniel Lopez
Hey it's not like I didn't learn something out of it either. I just assumed the market would read the situation properly and price in accordingly, I've lived through several bubbles in my lifetime but this is the first I've ever watched up close and personal.
As a side note rumor on the oilsites seems to be that the Russians might not be holding up there end of the OPEC+ deal. Which would explain why they agreed to it all things considered(the information I was missing kek).
Link related:
oilprice.com
>Russia, in the meantime, is geared up to produce around 11 million bpd anyhow – the baseline figure – so again this effectively means no cut, and even if the baseline figure was lower, Russia would take no notice and produce whatever it wanted, as it has done for every OPEC+ deal with which it has been involved, since the first agreed cut in December 2016.
Basically if the author is correct here then the Russians got everyone else on Earth to agree to production cuts while the Russians effectively cut nothing.
Just be glad that you got your money out with a profit of sorts before things get really bad.
Futures are wildly optimistic rn. We will be fucked for months.
Michael Evans
There is a lot at play still that can cause oil stock to pop. im bearish through may, but after that demand will slowly come back
Justin Long
Bear markets typically end when those doomers capitulate and buy. We’ve got a ways to go my young friend.
Daniel Gray
thoughts on HFC?
Parker Morales
Even after the glut ends we still have to burn through the excess storage for a while before prices can really start climbing back up.
But then this is all really a prediction about the virus fren'. You think we can fix the supply demand issue before September rolls around? B/c I think that is optimistic as all hell.
Hudson Hughes
MTDR is looking spicy. Oil and gas exploration company...better potential gains but more risk. trading at 3.33 down from 20 in feb
Cooper Stewart
who cares? All i know is that saudis/russia/mexico are going to jack prices back up as soon as enough shale companies go under.
Carter Gonzalez
For us to be saved by August September from the crisis that would have to be all of them, all the US shale companies going bankrupt/ceasing operations. Assuming of course that the estimates that come out later today are not going to be a revision downward of last weeks estimates.(in which case add another 1-2 months even with shale going under)
This also assumes the White house doesn't step in with some kind of tariff or otherwise support for the Shale industry.
Christopher Sanchez
Oil is unironically going to 0
Gavin King
MTDR is spooking me desu. Dunno if I should hodl or dump them at first opportunity
Nathan Hall
I'll trust that prediction, stranger with literally zero knowledge and is just guessing
Colton Moore
Saudis spent billions buying oil majors. Oil will be back