How to profit from the OIL DIP: Thread

SMG is moving to fast.
How to profit off this dip.
Nothing is dipping with oil.
XOM and Chevron literally just -2% while oil -75%.
USO -20%

I bought USO puts.
Will I make it?
Will USO follow oil?

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>How to profit from the OIL DIP
simple: you dont.
American Oil is finished.

You are going to lose your money and you are freaking out.

short the petrodollar

buy Russian ruble, iranian rial, chinese yuan

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You are probably right, I dont know what the fuck I'm doing.

Do we buy USO now to profit?

USO is the one up high all the way up there, high, high, high as fuck.

US oil is finished.

Why don't they just pump it back into the ground to store it for when prices go back up?

Some oil wells cant do that. In fact they cant even stop pumping up.
So they just keep going. There are no barrels left to store it in though.

I hear Ford stock goes up with low gas prices, tankers i feel are already priced in. Oil companies could get bail out which might drive up price or just fuck everyone.

At this point could maybe just long option call any oil company once it starts to tank but that will take a few days or a week I am thinking.

It will NOT stay this low. Once this "Pandemic" is over people are going to be out in cars in droves. Demand will increase, price will go up. What else you gonna drive? Your Tesla?

>just a dip bro

denial: the post.

American Oil companies are FINISHED.

how do we invest in actual barrels?

Why is this happening in the first place? Did Trump say something stupid? (I mean more than usual)

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Demand will never increase again. 90% of employees have asked for wfh to continue even after pandemic. Society has evolved past commuting. This will never be done anymore.

being this retarded

We're gonna end up stupidly opening up america in a month or two and oil prices will shoot up, next thing you know everyone gets sickand we end up in lockdown again.

and 90% of employees will still be going into the office. My former job had a GREAT WFH program...after 6 years some nigger came in and scrapped it.

cheap as fuck USO calls for 5/15 and 1/15/21 already up today

WHAT GOD DAMN FUND DO I BUY TO INVEST DIRECTLY IN OIL YOU FUCKING NIGGERS. TELL ME

You forget $147 a barrel oil just 6 years ago.

Carbon neutral by 2021.

Literally every government signed up for cutting emissions to zero. Now that is has actually happened, how can they justify restarting emissions?

Heavy industry is OVER

Trying to hog oil stocks for themselves
There will always be a demand for oil you fucking retards

I bought into USO.

IT'S GOING BACK UP, QUICK, SOMEONE TELL ME WHAT TO BUY

But why hasnt uso fallen after oil dropped like a rock? Is it about to drop too?

So once everyone is dead do you buy?

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none of these fucking shitskins will tell me what to buy

>oil down to a dollar
>literally can't make money because oil stocks aren't effected at all
What the actual fuck?

yes but not from America.

You buy these shorts then at $21, mongol.

Here you fuck

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What are some good oil stocks/funds bros?

exactly, what the fuck are we supposed to do?

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No user stocks only go up.

USO is really likely to keep dropping to sub $1. Safest bet is to buy the big boys like xom, or at least a different cetf

ONE
NOTHING WRONG WITH ME

>it's priced in

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