Actual retard here

>Oil is down to $5
>Oil stocks are barely moving
What does this mean

Attached: 48AC82B0-42AC-4F85-8182-0F70673AD8D6.jpg (1125x612, 183.99K)

Cheap oil

Priced in. People know to buy oil stocks because of the very obvious return

But why are oil company stocks not freefalling? Is the market going to crash again?

something something futures contract something

>But why are oil company stocks not freefalling?
brrrrr
>Is the market going to crash again?
anything that brrrrr doesn't buy will crash, btc included

Bailout imminent.

Full retard here
how do I buy oil

That implies things go back to normal and fast.
Already their are people, young people, reporting they have been sick for 50 days and not getting better. You also have people who developed a "mild" case, like this healthy 40 year old, whose lungs now look like swiss cheese. The damage by the way is permanent.
There is no normal to return to

Attached: 1587336972094.jpg (892x716, 87.23K)

>Full retard here
>how do I buy oil
checks out

We're gonna see some shit

>anything that brrrrr doesn't buy will crash
good thing everyone got $1,200 then

Its pretty simple. Central banks are buying bonds for cash from big banks, hedge funds etc... the big banks and hedge funds then use that cash to buy stocks across the board. Doesnt matter what oil is at. The deal was you get cash for bonds and you prop up stocks with said cash.

;(
pls tell me

your cfd is down to 5 usd

I cant believe it hit $5 a barrel. HAHAHAHHAHA that is fucking insane

$3$3$3$3$3$3$3$3$3$3$3

$2$2$2$2$2$2$2$2$2$2$2$2$2

dont buy oil, my friend.

so how exactly do we gain from this situation? how do we profit off of this?

i'm no commodities guy but i'm pretty sure todays drop is about future contract pricing on the WTI, brent is just down 5%. once the may contracts roll over you will see a completely different "price" for WTI oil

how many tanker trucks do you own? buy oil, go to port, take delivery, and wait

Attached: maxresdefault.jpg (1280x720, 120.57K)

Use your fucking brain, dude!!!

WTI doesn't measure the price of oil in the normal sense of the word.
To buy it at 5$ you need to take delivery of it right now. Which companies aren't able to do because they can't store it because everything is full. So this is essentially an auction without customers so the price tanks.
Future oil, that is oil that you can take delivery of in the future, is still much higher priced and hasn't fallen like "today oil" has. Companies have fate in their ability to successfully take delivery of oil in the future and are therefore bidding up that price.
Oil companies mostly remain unaffected because everyone realizes that 5$ oil is a temporary result of a fucked up pricing/delivery system. The future revenues of oil companies look just as good today as they did last week, nothing has changed in that regard, and the "future price" of oil proves it.
Also, a lot of US Shale producers will go bankrupt because of this, leading to less US Oil production. This is actually extremely good for other oil companies. Anyone with the cash to weather this storm, like most top oil companies, stand to benefit tremendously on the other side of this as they can produce more. Furthermore we are also beginning to see some big time protests to open up economies around the world again, so the "return to normal" also looks to happen faster than anticipated, which is obviously also good for the oil companies.

sorry bud you had to be priced in already

JUN futures are over 80% long. It's going to crater the fuck down

you’re too late retard

you could buy a call option on oil (strike at the current price). i don't want to sound like a redditfag who is sure to be the next waren soros but you should the underlying instruments, like CFS, Futures, Options and so on, before you throw more than beer money at it. every barrel, ship are other storage for oil is full. the demand is low as fuck and even if it grows there will be enough oil short term. the V-shaped recovery is a meme. this virus is probably a bioweapon and people all over the world call it a nothingburger cause the whole scenario evolves more slowly than in movies but it will last longer. maybe we can make a few bucks gambling but tbqh i won't go all in. there is no safe bet.

this. GOD save us.

more info on this please. I had what I thought was mild but my chest has hurt for one month with no other symptoms.

unless you have total understanding of futures contracts you should just stay away. we're seeing a super contango in the WTI market which means the front end of the delivery curve is heavily discounted. WTI is not "actually" at 3 dollars per barrel, only the May contracts are

Attached: example.jpg (1320x742, 176.21K)

>we are also beginning to see some big time protests to open up economies
You mean the dozens of people in front of state capitals that are being organized by an organization connected Betsy Devos?
Its pure AstroTurf to by the administration to try and sell their strategy to open up quickly by pointing to those people and saying look the people want to open up now.
You better accept the fact the virus is not going away and there will never be a vaccine. Normal is dead and you better learn to price that in

Most of the threads on oil today are by NEETs and raging schizophrenics who are all of a sudden experts on the oil industry and the commodities markets. I'm not even bothering to try and correct any of them, because it's just a howling chasm of autism. Like usual.

get a ct scan, if you can. One of the first reported cases of a child being infected from china was classified as asymptomatic and his lungs looked like that. You could end up with permanent reduced lung capacity

Basically oil is an essential commodity. Global demand is down like 30% this year, storages are full, production is being shut in so prices have crashed. But if the economy recovers (which it probably will) oil demand will go up with it. Oil companies aren't like bullshit billion dollar companies with an app. They have billions of dollars worth of steel and facilities (i.e. essential infrastructure), thousands of engineers, billions of barrels of reserves. There's a lot of value there.

That said, some companies will die in this crisis (especially small US independents) but the big independents and national oil companies are cutting costs like crazy and holding their breath until the economy recovers.

ye votes are safe you can buy those with brrr

Thanks. I still sift through hundreds of posts of utter shit for the few anons that provide quality info.

This exactly but every retard on this board buying is going to get fucked over

YOU PROFITED BY LISTENING TO ME AND BUYING SHARES OF OIL TANKERS 2-3 WEEKS AGO LIKE I WAS SHILLING the whole damned time

now shut your whore mouth and wait for the next swing trade

Attached: cosby'd.png (1022x1082, 1.41M)

>Is the market going to crash again?

corporate profits will keep falling but trump found one weird trick to protect the net wealth of investors

Attached: trump marx daddy.jpg (750x534, 156.43K)

But if the May contracts got this low, doesn't it bode very badly for the June contracts?