How best to invest in oil?

*siiiiiiip*

Shale is a losers game. Cost too much to get the oil out of the ground. Be careful

imagine the smell

based

how about XOP? did someone buy this?

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No
No
ugh ok
No

I dont want these things, i want to roll out of these things and into pure oil.
So far the only decent tracker I've found is USO, but while oil dropped 12%, the etf only dropped 5%.
I want to buy oil under 20 and then when it hits 60, sell. And I want to make 3 times my money by doing so. No leverage, no stonks, no derivative. As pure as it gets. OIL.
What do I have to buy?
Is the lagging ETF USO the best Yas Forums can come up with?

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Can't be done unless you buy barrels of the actual oil. You're right in that USO does not follow the price exactly but unfortunately it is your best bet. Oil futures are another option but the contango is crazy high right now.

WTF, turns out this ETF only goes down.
Absolute horse shit.
Come on Yas Forums anons.
I just want to have a guarantee 2x on my money if oil goes 2x, no matter what timeframe.
That cant be so hard?

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Curious user here as well.. had been bothering me for days..

Thank you.
I've come across these issues in other markets.
Never thought this would be true for the oil market.
Sad.

If you long shale go with MRO. It’s one of the most solid companies with lowest debt. Should be a good play. Buy it and don’t look back until next year

Xom or something similar might be the best tracker

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I bought GUSH. Why is this a bad thing?

there's a few proshares ETFs that are okay. Can't remember my tickers as they're saved in my oil watch lists but you can short or long at x2 or x3 leverage depending on how confident you are. Or just buy USO or directly into companies like XOM or MRO

DIG looks nice. Waiting for it to drop below 5 first though

You can do oil futures contracts or CFDs but generally as a small timer you'll lose all your profit to surprise fees by anyone willing to give you access.

>I just want to have a guarantee 2x on my money if oil goes 2x, no matter what timeframe.

yea getting 2x on your money is haard no matter what you invest in. the only companies that are going to possibly 2x in the next 2 years are going to be US Shale companies if they don't go bankrupt and high demand comes back

Which is why buying MRO under 4 is a steal

Whats your guys take on OKE although they produce and focus on natural gas most of their contracts are located in the Permian basin which can be damaged by the death of shale correct?

OKE is a good solid company. I personally went with MPC over OKE, because OKE is still a little bit high for my liking. I will be watching OKE closely, if it dips under 20 a share, Im loading up the truck with it.

I'd hope so I'm in at an average of 23 and was hoping that it would go back to 70. But am concern about the coronavirus, oil war, and the general future weather. pattern.

Supposedly natural gas is a lot worse and finicky to pick than oil because of those minute details that can destroy natural gas prices.

Yea, the world economy is still heavily reliant on oil and will be for some time. Dont think for a second that OPEC will not jack prices back up in the future. It may take time but we will see 60/barrel again within 24 months