WE DID IT BOYS! WE BOUGHT THE BOTTOM! Wait, you did buy the oil bottom right?
MRO OIL: BREAKOUT IMMINENT
Josiah Cooper
Landon Wilson
IN
Joshua Edwards
Oh no user, oh no.
Do you think the supply glut will go away next month? The month after that? Even if all lockdown orders are lifted?
Andrew Jones
nah my asshole already got devastated thanks to USO. I'm gonna give oil a wide berth for a while
Carter Johnson
>next month
>month after that
Im in it for the long
Ethan Adams
Bro it cannot get worse than WTI -40 a barrel. I believe the bottom is in. Sure things will get choppy through the next two months. But if you are LONG you should stand to make very good profits. Just dont pick penny stock shale companies that are on the verge of bankruptcy
Easton Ortiz
>it can't get worse
>oil will never be negative
Noah Kelly
Get in soon plebs, rocket thrusters are starting
Robert Jackson
Justin Baker
are you under 18? Because I can tell you are either very stupid or very naive
Connor Rodriguez
*sits back, smiles and watches as the company goes bankrupt*
You never learn do you Yas Forums?
Jose Ward
But MRO has one of the best balance sheets of all its competition. The CEO of MRO told the Texas Railroad commission that he was NOT in favor of colluding to cut production. He went further to say that MRO is very well positioned to ride out the storm and unprepared companies should not be bailed out. But you wouldn't know any of that because you're a fucking moron shill.
Josiah Anderson
I know all of that user. But the thing is, look at their debts too. Look at it all as a big picture. None of them are gonna survive.
Connor Thompson
You didn't look at MRO debts. You would know that they are not heavily in debt and they have billions in reserves
Gavin Jackson
I would? I know that about Apple. I certainly do not know that about MRO... look deeper
Justin Hernandez
sweet just bought 500 puts
Joseph Lopez
Smartest play.
Christopher Thompson
Is that easy to buy those?
Chase Perez
This
Going all in MRO
Dominic Edwards
a stock market just flew over my house
Isaiah Cox
shill
Landon Jackson
It won't. Oil is determined by a cartel of major producers, many of which NEED oil to be profitable in order to even survive as a nation (like Saudi Arabia). They will severely neuter production before they let it stay anywhere near negative. This dump into negative territory was more an artifact of the way futures operate than a realistic projection, it's already stabilized back at $8-10.
Nathaniel Thompson
This feels like a sign from God OP. I was going to go with MRO or USL calls tomorrow.
Christopher Smith
>buying oil etfs
James Carter
lol companies like Microsoft, Google, and Apple do.
Isaac Butler
CVX, PSX, TOT, COP, EPD, MMP. Buy these and I'll see you on the moon.
Caleb Thompson
Kek I'm going to get filthy rich off this
Logan Evans
>This is the bottom
Q1 earning reports haven't hit yet, you actually believe this is the bottom?
Cameron Rivera
Gonna do some long calls, and some more research.
Tyler Bailey
Bottom was 23 march. Deal with it triplenigger
Xavier Kelly
mro $20 eoy. enjoy being poor!
David Smith
In a couple months I will sell all 5000 shares and come laugh at you fags
Evan Robinson
No u won't