what oil stock should I long bros? Besides XOM of course. Literally every penny I have is going into oil until prices go up.
Andrew Nguyen
what oil are you guys buying? im holding 100 shares of USO and its not doing jack shit
Andrew Flores
Where do I buy oil as a eurofag?
Brandon Parker
russia
Nolan Clark
MRO
Jace Walker
Actually if you are Yuropean and want to do small capital trading to the USA, you can go through Revolut. Its a phone app, they send you a plastic card too, started as a way to share the bill with friends and its kind of a big deal now.
Putin and Saud were fighting over prices, Saud flooded the market to bully Russia into submitting. The virus and reduced consumption further lowered prices. Putin recently folded. Russia will cut production in half. They will agree to Saudi Arabia's prices and be a good cuck. This means when we recover, the prices will shoot up, as there will be no Saudi flooding of the market.
Jose Robinson
The world runs on oil in everything. When lockdown is over and everyone’s back on the road the demand is gonna be retarded high.
Gavin Wood
you forgot the part where demand for oil is dead in the water and that there will be a lot more suffering before it gets better. i'm not sure you understand that oil companies having to pay other parties to take their crude in future contracts, a first in the entire recorded history of the damn thing, is somehow a buy-in opportunity
Jayden Bailey
What's the disadvantage of buying 2029 oil future now
You forget the part where oil production is of strategic importance for national security. They won't let the big ones fail. Worst case scenario they are nationalized, but I doubt it, for ideological reasons. Most likely on welfare until things get better, then explosive growth to recover.
Liam Harris
>You forgot the part where I am a retarded 19 year old doomer with clinical depression and there's no way things can get better because things are so so bad you don't even understand they're just bad ok
Dylan Cruz
The reason it got negative is because everybody has bought so much of it now that the US must dig out another mountain to store it. Demand won't change soon, everyone must go through the stockpile first and that can take years.
Dominic King
Is it time for spy puts yet
Justin Gutierrez
>the prices will shoot up, as there will be no Saudi flooding of the market. They're already doing funny business. Sending a bunch of tankers to the US. Giving cheaper prices to China. Saudis apparently have no intention of trying to stabilize the price.
So oil has gone up again, but still low, markets looks shit. It's this a bear market again? What's going on.
Oliver Cox
Are they sending empty tankers, for storage purposes, perhaps?
Aaron Lopez
>The reason it got negative is because everybody has bought so much of it now that the US must dig out another mountain to store it. Why not just put them somewhere in the wild or simply burn them away
Easton Cox
>It's this a bear market again? Dunno. Reversal trend still intact for now.
I made 8k yesterday shorting oil, if I'd have been more confident yesterday morning I'd be about 60k up
I'm not beating myself up because I made 8k for practically nothing
Brayden Flores
Yeah no, Jerome has his printer ready to rape your ass. Just ask the rest of the bears.
Jayden Baker
he's speeding up the process Vlad started. Our good ally MBS wants to put his boot to all the US oil producers fracking the hell out of the permian basin and cutting into his profit margins.
The dude basubaru is right about the tankers, he's been following it closely I believe. MBS sent those tankers over the night BEFORE that recent Opec+ meeting. Trump got to prance around over his "art of the oil deal" but the crisis hasn't been averted.
They don't like the US being the marginal oil producer. It means that whenever prices are rising, US producers crank up the pumping so Saud can't charge surge-pricing.
>how do i go on life like this? i can't stop thinking about it. just.... wtf Shorting oil under $20 is crazy no matter what the circumstances. There are so many things can happen to cause an instant pump that squeezes you in to poorfag pancake shape.
Parker Kelly
barely. just fucking pennies compared to what it could have been now i'm looking at what it would be worth now if i kept and it's $310k and rising srsly want to fucking end it, missed market crashing opportunity and now missed oil crashing opportunity
William Gomez
Souce on this faggot? Otherwise you are full of gay shit like AIDS.
I missed a call on ivr that went up 1200% in one day, don't worry about it. Shit happens
Jackson Wilson
you guys think PLUG is a good long term investment? seems like alternative energy sources are going to be the next big thing and it's a local company that i'd like to support. cheap shares too.
