Oil chad here

Which oil stocks?

Thank you user, so better to wait till the first days of june before buy oil stonks?
Or, if usoil recovers to a decent price, buy at the end of may?

What's it like living with mental retardation?

They are filled to the brim you mong. That’s why they’re paying people to take it.

$1,000,000,000,000,000. Question. Everyone I know is asking.
USO is a contango problem. Good very short term. Bad long term
DBO-good long term not short term.
Personally I combined the two
DBO owns 2021 crude futures less contango and volatility but you are buying in the low 30’s

USO contango issues but buying $20 oil

USO owns 80% June contract
20% July

DBO owns 50% March 2021 the rest sounds like is their discretion

Attached: DC7C2AC0-EFC0-4DAC-A280-2ED540A61E0E.jpg (3000x2250, 3.01M)

rds, xom, chevron will survive, I like oxy for a gamble they’re more of a risk of having major issues though. If the majors are forced to cut their dividend though if this drags then even that quality shit will drop, But shit like uso has a reasonable chance of going so much lower . Kosmos also for a gamble

See how this plays out, if Traditional markets reverse oil stocks will crater. They’re hanging on by a thread cause spx/Dow etc has bounced and people believe the bear is done, it may just be starting though.

As crazy as it sounds we may have a bad year for oil, not just a couple of months, people think these storage issues get fixed overnight, there’s no demand, even if trump tarrifs oil nobody’s buying enough of the shit and if we don’t get out of lockdown soon or there’s a second wave this shits gonna stay down a good while

>if we don’t get out of lockdown soon or there’s a second wave this shits gonna stay down a good while
God, that would be so fucking sweet.

Looking at S&P500, 1st week of may we'll see if we're out from the dead cat zone

Buy companies that can store crude oil. There are several oil tanker stocks with excess storage capacity right now (FRO, EURN, NAT). All are up at least 10%. NAT up almost 20.

Yep, make or break time, I’m leaning more towards break at least back to a slower bleed to 23-2400 range

the Saudis and Russians agreed to reduce output meanwhile the retard Americans just kept pumping at same pace ignoring the issue.

this is the result of that. expect American oil to dip below $0 each month until July

worst case scenario, in my opinion, is price action falling down and making a double low, then bouncing back to normal in 6-7 months

It's temporary untradable

Oh God oh fuck

Attached: Screenshot_20200421-004448.png (496x920, 77.55K)

My most likely outcome to, many stocks would drop another 30-40% during that, oil stocks would get Particularly crushed as this won’t be sorted by then, same as round 2 for tourism, hotels, flights, travel stocks etc .

what now??

it’s unironically ogre for these oil bull etfs

You don't think they'll bounce back next year, it's just straight bankruptcy over this one completely insane event?

Yeah, unable to roll over from may => june

probably shut down the fund. Whenever anything craters to a disgustingly low price which would be easy money if left alone long term its taken off the exchange.