/biz/ - Business & Finance

>>17903868
Putin will crush the whole fucking market with no survivors anon. The US and SA kikes are seething and they can't retaliate whatsoever in a time like this. The petrodollar is over soon.

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/03/10/business/russia-us-shale-oil-putin-opec/index.htlm

im waiting for UWT to hit a cent and just hodl it.
my luck if I short oil or go with DWT then oil will shoot up to 100/barrel.

>>17904144
>>17904144
>will
I am also watching UWT for 15 cents. looking to pick up GUSH too. 10s of thousands of shares. In two years ill be buying up depreciated boomer real estate with my oil money

>>17904038
Stop sharing amp links if you know what is good for you.

>>17903945
>Putin will crash the market by refusing a deal with OPEC
You can't force anyone to sign something they don't want to.

>>17903868
Why would I buy OIL, a black substance that comes out of the ground, when Suterusu exists? Suterusu will be the oil of the privacy industry.

Suterusu is literally the next antshares.

>NOOOOOOOO!!!!
>YOU CAN'T WANT EVERYTHING TO COLLAPSE EVEN MORE SEVERELY!!!!
>NOW THAT IT'S MAKING PEOPLE GENUINELY UNCOMFORTABLE!!!!!
>NOOOOO!!! NOT MY HECKIN' STABLE SOCIETINO AND CENTRAL BANKERINO!!!!

>>17904144
>>17904195
I don't understand these ETF's. Can't they get liquidated when they are selling for that low? Wouldn't it be safer to buy XOM or Shell?

WTI is coming into SEVERELY oversold territory.

Inflation adjusted low was $17.50 set in 1998. Nominal low was $10.

Oil is currently $24.55

Can oil fall further? Yes. But right now, it's historically cheap. VERY cheap.

START ACCUMULATING NOW

>>17904349
WHERE'S THE OIL STORE?????

>>17903868
HOW DO I PROFIT OFF THE OIL WAR PLEASE HALP ME

>>17904398
>>17904418

Oil ETFs. Don't over-leverage yourselves.

>>17904278
Yes, but when a 2000 dollar investment could become millions in a couple years that is an upside potential that makes the risk acceptable to me

>>17904478
wh-whats an ETF sempai?

USOI

Get rich off cheap oil while you collect dividends every month. Get paid while you get paid.

>>17904495
thank you anon. so gush?

Just buy barrels and fill them with gas from the cheapest place around. Hold them in your garage for a few years and then resell it.

>>17904492
what etfs are you looking at currently?
And if I put 2k into a leveraged oil ETF can I lose more than the said 2k?
sorry for the noob question but I'm just starting to graduate from crypto to stocks

>>17904558
>>17904558

WILDCARD BITCHES

I CUT THE BREAKS ON THIS MARKET

WE AIN'T STOPPING UNTIL WE HIT THE $18 WALL

>>17904495
https://www.google.com/search?client=firefox-b-1-d&q=Oil+ETFs

>>17904512
Help a new retard out, is that 1.40/yr dividend more or less set or is it determined by the current price.

>>17904624
how do you know which ETF to invest in?
As a financial shrimp, how do I pick an ETF for the sole intention of investing in Oil?

>>17903868
Lol fuck you Saudi Arabia I hope the Houthis hit your oil refineries again

>>17904398
OIL JUST FLEW OVER MY SOLAR PANELS

>>17904576
no the ETF can only go to 0 and you lose everything. a lot of people think its impossible but it isnt. for example last monday when oil tanked over 33% some triple leveraged ETFs went to $0. but that was a once in a year type event coupled with this corona fiasco

>Shell, BP, Exxon offering divs of like 10-15

So... what’s the catch of just stuffing my portfolio full of these and leeching dividends?

>>17904837
Cool thanks. Yeah of course it's possible.

>>17904772
Literally UWT will experience shitcoin level gains once this shit is over. The saudis WILL NOT be able to sustain increased production levels. It will drop to around $0.3x today. It was over $15 before this all began and was over 25/share this time last year. Leveraged ETFs are gambling, and you will potentially experience losses on par with crypto, but there is also the chance for insane gains.

>>17904844
They will drop when the stock and economy overall improves..?

>>17904770
Look at the dividend history. Some will have constant dividends like F, but most adjust over time. A lot of mining operations have constant dividends but the share value diminishes over time.

>>17904917
Yes, but the value of the shares should improve as well.

>>17904901
thanks. going all in on UWT when it drops below $0.40 today!

Looking at UWT right now.
It would require oil to go -33% in one day to make my money disappear which is highly unlikely. Right?

Can someone red pill me on whats going on? What are the Saudis doing?

>>17903868
I'm buying at 15.

What are some good oil stocks then? I only know the common ones like shell and exxon

>>17904770
It can fluctuate but the yield has always been well above 10% for a long as I can remember. Biggest monthly dividend I collected was 93 cents a share which was huge at the time.

>>17905212
Gush is at the same price with a 52 week high of $150

How do I into stonks?
Never done anything before but Throwing like $40 at gush and uwt sounds like something I could stomach.

>>17905544
i was just meming. but real talk, what are the odds of either one going to 0? i dont mind sitting on them for however long is needed

>>17905246
OPEC wanted to do a oil production cut to boost the price up but the Russians refused so the Saudis started a price war the main casualty will be the US fracking industry

wtf GUSH started at 2k?
did someone get GUSHed?

>>17903868
I hope fucking Saudi Arabia goes down for this shit. Time to bankrupt the Arabs.

>cant buy gush or uwt with degiro

UWT just dropped to 45 cents

End me now friends.

whats the difference between gush and uwt tho?

How the fuck can that cuck Trump allow American shale producers to be REKT by these Saudi sand niggers and their Jewish proxies.

Does Trumps love of the Kike exceed his loyalty to US industry?

>>17906178
>his loyalty to US industry

>>17903868
Bottom is at $6

>>17906178
Can you name a US president in the last 40 years whose love of the like didn't exceed his loyalty to US industry?

whats our buy in price for UWT and GUSH?

>>17905690
Your guess is as good as mine lad

>>17906327
Fucking Jewish Google autocorrect, like above should be kike.

>>17906178
there's nothing the US can do about it really but the Green New Deal

>>17906317
Its 13 actually

>>17905625
$40 is a tiny amount to throw at a stock. Try crypto instead, once you've worked out how to get some try binance margin with 5x leverage, then you might turn 40 into 200 into 1000 into made it. Try short-selling at the moment, I started shorting the same week the stock market started to implode, week starting 24th, and am up over 300% so far, but this hasn't finished, Goldman Sachs predict S&P 500 index to 2000, which is 20% down from where we are now
>>17906359
I read it correctly first time

>>17906421
I have more but at 30 or 40 cents, couldn't I just sit on it? I am self aware enough to know I don't know anything and I'll probably lose the money, so might as well do it with an amount I wouldn't notice.

>>17906104
type "oil" in etfs
there's some stuff

>>17906489
Just umm... just start learning about investing and trading in general and quit when you quit money which will be when you die unless you decide to become a hermit. Easier for me as both my parents were economists, but money is part of civilisation and you might as well know something about it. I don't know what broker might be good to go with in your country as I'm in New Zealand, you'd want one with zero fees for example, my NZ broker charges $10 a trade so your $40 trade would get 25% taxed.

So is GUSH and UWT about to become dust?

>>17906501
Thanks friend

>>17906489
I started crypto trading with about $40 though and it's actually possible and fun where minimum order quanties are often about $10

>>17903868
Join the hidden /biz/ discord, discord gg xFuuSTZ

We got 600 members and are growing
Join join

>>17904278
>Wouldn't it be safer to buy XOM or Shell?

safer, yes. more retarded, no.

Best oil ETF for the UK?

I am pretty sure leveraged oil ETFs like UWT can reverse split and fuck you hard btw.

>>17906148
UWT is comprised of exchange traded notes, which function like bonds but are traded like stonks. GUSH is an exchange traded fund, or a bucket of shares in a variety of companies, functions like a portfolio that is diversified in that sector. Both UWT and GUSH are 3x leveraged, so any movement in the underlying holdings of the symbol is multiplied 3x.

One thing to note is that GUSH is not specifically tied to oil price, rather oil and gas production and exploration, which may not rebound as quickly as simple oil price, and many of the companies in the ETF will likely have to restructure in the next 6months due to the market pressures and high cost of US oil production.

>>17904398
RIGHT NEXT TO THE SOUP STORE

>>17906782
Forgot to mention, OILU is also a 3x long ETF which is solely in wti crude futures contracts, so literally oil price. Buy stuff like this if you wanna just ride that sweet black wave. Full disclosure, I own OILU, GUSH, UWT and also SCO

Short sell Ford and wll at leverage?

Based russia showing the sand niggers who's boss
Fuck Saudi Arabia
All my homies hate Saudi Arabia

>>17906782
>>17906782

thanks. yeah i understand the leverage part, just wasnt sure of the underworkings.

i'm currently standing by waiting to buy in on UWT and GUSH - and now looking at OILU. Whats a good price point to buy in on those?

>>17907079

Start accumulating now anon. Don't go too hard and average your way in as WTI drops.

>>17907287
>average your way in

i already have a stack of cash standing by. i'll start averaging in when it starts to go back up over time. problem is, i dont want to put money in oil now and have it be dormant for 6-12 months when i could have put the money into something else and made a little gains

Lol nobody mentioning IXC etf

>>17907347

>i'll start averaging in when it starts to go back up over time.

The bottom for oil is hard and fast. Go look back at previous bottoms in the oil market in 1998, 2002, 2008 and 2016. The price collapses like it is doing now, and then it smashes to the upside as OPEC comes to the table.

>>17907079
Prices are fine now, honestly. Even if you look at prices right before covid and the SA/RUS bickering, those levels are 25-50x or more from prices now. Thats more than enough to get me to bite. Could it go lower? Sure, and I even expect that for another 2-4 weeks.

My thinking is based on two things: First, oil is very forward-looking demand, so improving conditions with the virus and travel picking back up will cause a rise even before the industry is back on its feet. Second, and most important, news can drop on any given day that the SA/RUS feud is over and production will go back to normal, which will cause a huge spike in price just on sentiment. That event, you cannot buy into. The second it happens, prices will rocket, and you might get on the boat but you won't go for a full ride.

I'm doing the boomer move of DCAing shares of these ETFs over the next couple weeks until i've built up a stack I'm happy with. Also holding onto my SCO but i've got a trailing % stop so if any big news hits my gains won't get wiped out.

Based Putin, i hope he invades SA next.

>>17906327
>>17906359
The perfidious likes!

>>17907347
I'm doubtful that any big moves will take 6-12 months. I have patience for that, but I thing we're looking at a 3-6 month horizon for a big move in oil. Saudis have weak hands, they would like to take market share but their fancypants vision2030 is gonna be expensive and they would much rather be making fat stacks with oil back at a reasonable price.

>>17907287
>>17907434
blue anon gets it

XOM is still expanding operations despite the dramatic plunge in oil prices.

What are you going to do with those heavy oil bags once everything goes electric though?

$22.83

Oil is getting SMASHED

>>17907751

Electric isn't cost effective compared to $20 to $30 oil.

>>17907751
I will worry about that in about 50 years.

>>17907751
unlikely elon

im going to wait for everyone to capitulate in the next 2 weeks, a bottom feels close

going to buy up a ton of shares and wait for the recovery by the end of summer, OPEC meeting in June.

>>17907751
Sell your ETF's when oil hits 75-80 dollars and invest in a solar panel factory

>>17908092
buy an extra shit ton so you don't get fucked as hard when they reverse split you 10:1

I read some article about 8 years ago that predicted oil would stop being relevant to the world economy around this time it seemed crazy because oil was almost 4 bucks a gallon at the time and people were saying peak oil soon but the fact is there is more than enough oil and developed countries are moving away from it because of global warming I think people are insane thinking the collapse of the oil industry is somehow going to turn around into a new renaissance for it

>>17908191
and what alternative is there to oil?
see >>17907866
is the electric excavator on the horizon?

>>17908174
How does this work? Are you saying if I buy $500 worth on Robinhood, it could instantly be worth $50?

>>17904349
"please buy my bags" the post

>>17908235
any number of things desu

>>17908191
>>17908235

Don't get down in the weeds with a debate about oil's utility vs electricity.

This is purely a thread about investing in the stuff. If you want to talk about electric cars, fuck off to /smg/.

Oil demand isn't just cars either. Ships and planes, nigga.

So is UWT and GUSH kill or not? shit was at 34%+ there. But now UWT is pumping a little?

>>17908326

You mean barrels, Elon.

>>17908361
LED light adoption and minimum gasoline efficiency standards alone caused a huge shock to the oil industry, as more states and countries move for even higher efficiency standards and less use of plastics the demand will only continue to go down, also this virus is going to cause a seismic shift in people's psychology towards international travel and even trade for at least a decade

>>17907751
1. Not likely to happen in the window that I expect oil to recover.
2. I'll cash out and invest in something new.
3. Even in the impossible event that oil disappears from the earth and value goes to zero, i will have lost maybe 10k in hard cash, which would be worthless in upside-down clown world anyway so fuggit.

>>17908274
im not an expert on stonks i believe the price increases proportionally though? if you had 500 worth $1 shares you now have 50 worth $10

Which puts to buy after Trump pump my bearinos?

>>17908361
Why do you think I posted that heavy equipment infographic?
The amount of diesel heavy equipment uses is insane and the same could be said about the trucks that transport them around the country.
Oil is not going anywhere and <$25 oil isn't going to stick around very long in my opinion.

ASSHOLES

THE PRICE OF OIL IS FALLING SHORT TERM, LONG TERM IT WILL BE VERY EXPENSIVE IF THE AMERICAN SHALE COMPANIES ARE KILL. THINK 4$ A GALLON EXPENSIVE

>>17908326
Maybe if this were a shitcoin based on dreams and promises. Anon is tipping you faggots off on something that is historically cheap and is backed by the literal economies of nations and the backbone of modern industry. Don't get confused that this is some pajeet pump and dump.

>>17906885
Where can I buy say UWT or OILU? I am a eurofag, anyone please?

>>17908535
This is correct, your invested value stays the same.

>>17908670
Should be able to buy through any reputable exchange, as they are NYSE listed. If you cannot think of a name of a trading platform, you probably should do a little reading before you jump in and do something silly because you read a post on 4chan

>>17908670
you have to google euro stock brokers.

>>17907287
>>17906885
>>17906782

is it possible for UWT, GUSH, and OILU to get liquidated?

Picked up some XLE, XOP, HAL and OXY. Anything else I should be picking up?

>>17904229
>You can't force anyone to sign something they don't want to.

>>17906578
Why do you need brokers can't you do it yourself?

>>17906178
>loyalty to US industry
lmao

>>17908507
>LED light adoption
>shock to oil industry
you nigger what?
>proceeds to buy 8kW induction plates, 5kW kettles and 2kW hair dryers
>kicks off his wood stove and installs 10kW air-water pump
People were using 70-100W light bulbs, usually 1-5 in one room.
Now they use LEDs lighting, max 50-80W /per room
>leds were shock to oil industry
This is the greatest joke I've heard in 4chan this month.

>>17908854
MRO and XOM maybe? long term holds though

Yeah, I think I found where to invest my bear gains from the market crash.

>>17904492
Be careful with leveraged ETFs man. They are meant for active traders who at least look at their portfolios once every day.

GUSH is an example of 3x oil bull ETF which died in this crash and is headed for reverse split. Be carefuul with UWT too, it may head for reverse split.

For noobs who are just looking to capitalize, go for long term ETFs like XLE or XOP, or if you wanna risk a bit more companies like Halliburton, OXY, Exxon and just hold and look back in 2 years.

>>17908909
yes you do it yourself, but you do it through a brokerage website. literally go to /smg/ and the OP has brokerage websites in a pastebin. go there and look for a Euro one

>>17908841
Yes. You can get rekt pretty easily by leveraged ETFs. Catching a falling knife takes a whole new meaning with these instruments. I would DCA instead of going all in for now.

USO is the investment opportunity of a lifetime.

>>17908956
Both look good..I'll put some in tomorrow.

>>17903868
what are we going to do to the saudis?

>>17909051
>USO
>not using 3x leverage ETFs

are you even /oil/?

>>17908782
They are not available on the biggest trading platform in my country. Also the bank where I have brokerage account does not have it as well.

I am thinking about degiro.. i found some pdf with the list of their etfs and couldnt find either uwt nor gush.

I can however find XLE or XOP mentioned few posts above.

So it seems like these with leverage aren't widely available.

Still looking for suggestions from eurofags.

Thank you

>>17908950
look it up dumb fuck or remain a retard

>>17909023
Which site is best? For investing oil

>>17908841
ETFs typically liquidate if interest in them wanes. That's not the case here.

>>17909206
i dont know. here is the list from /smg/: https://pastebin.com/F1yujtVq

find a euro one

>>17909001
What needs to happen to initiate a reverse split? Thanks for the heads up.

NOOO WHY IS SPY GOING DOWN

on these ETFs that are under $0.50, if/when oil recovers the probability of a reverse split is nearly 100%, right?

>>17903945
Petrodollar hasn’t existed in any real form since Nixon.

>>17904349
WHAT COIN?

>>17909500
looks like link. buy now friend!

>>17909149
I'm using UCO (x2 leveraged etf)

>>17904844
This...
I went and got a 30K loan yesterday.
Bought 500 pieces of shell for 12€ today.

>>17909328
Why I'm not european

>>17904214
>if you know what is good for you.

>>17909404
A reverse split usually occurs with a fund whose price has been very low for a period of time. They reverse split to decrease the number of shares, thereby increasing the price per share in order to meet market requirements and make the price not look like a shitty penny stock. A reverse split would more likely occur if the price stayed depressed below $1 for several months. The likelihood of reverse split decreases when the oil price increases, approaching 0% chance when oil gets back to 'normal'

>>17909659
oh i thought you were the euro asking. I use Fidelity myself

>>17909629
Lol @ loan to buy stocks and 'pieces.' Biz, you never cease to amuse.

>>17906819
Based and soup pilled

>>17909787
GUSH already anounced theyll be pulling a reverse split

>>17909821
The dividend yield after taxes is almost double the loan interest.
I'm fine with this.

U guys are nuts goin into the leveraged eifs...buy staples now u dopes. Exxon, shell, etc. Safer. Buy for the long hall this will set you up for life. We still have more to drop though, tread lightly. I haven't bought yet. I will be buying oil and every gold streaming company I can.I already started on gold

>>17904495
>wh-whats an ETF sempai?
jesus christ go learn about ETFs before putting money in holy shit

>tfw can't even buy american ETFs due to MiFID 2 & PRIIP regulations

>>17903868
>buy my oil bags
topkek you sandnigger, I will wait until you are paying me to take your oil bags off your hands : >>17909578

>>17909875
a reverse split doesnt actually lose you any money though, it just cuts your stock count in half but doubles the value of each share, right? assuming a 2x inverse split

>>17906885
Thanks anon I just invested $500 AUD and will buy 50% UWT and 50% OILU. So if I buy at the prices right now (between 30 and 40 cents) and the price rises to the previous highs of $60. What would my portfolio be worth approximately?

>>17906178
you can't really touch saudi arabia. do you want to go to war with them? go ahead, make an even bigger clusterfuck than iraq and give china, russia, and iran an easy path to expand. the US might have the strongest military on earth, but they can't wage a full scale war for more than a few months, especially when oil supplies worldwide will be hurt.

>>17910111
Can you not do simple math?

>>17909875
>>17910082
GUSH is doing a 1-for-40 reverse split. Total holdings value does not change. Share price goes up, shares held goes down. It is a wash. This will happen on March 23.

What exactly is there to lose buying actual company stock like Exxon or Marathon if you're looking to hodl long-term?

>>17910082
>a reverse split doesnt actually lose you any money though, it just cuts your stock count in half but doubles the value of each share, right? assuming a 2x inverse split


Its 1/40 split. Unless they split in a way the value of each stick raises times 40, you'll lose money.

>>17910056
>oil will never go back up

lol

buy inverse etfs until $22
sell and buy etfs at $22
sound like a plan biz?

>>17909466
>Petrodollar hasn’t existed in any real form since Nixon.
You are peak retard. The petrodollar has only existed since Nixon. In fact, it even started AFTER Nixon.
>Nixon takes the US off the gold standard in 1971
>The US and the US dollar are fucked
>in 1979 the US tells Saudi Arabia to sell oil for dollars or die
>Saudis comply to the ultimatum
>the petrodollar is established meaning anyone who wants to buy oil needs to buy dollars first
>the US and US dollar aren't fucked anymore
>The petrodollar still exists to this day, despite a few hiccups and some examples of certain countries bypassing the US dollar in oil trade.

>>17910342
Nothing. It's free money for anyone not spooked out of their mind right now.

Get greedy when everyone gets fearful.

>>17910313
which basically means the price now is ~$16.00/share?

>>17910342
Guaranteed way to 2-3X whatever you put in.

>oil used to be $100 fucking kek

>>17910313
>>17910365

So basically dont think about buying GUSH until after the split? So if i buy 80 shares right now, those will become 2 after the split. but one of you is saying they wont x40 the value of those 2 shares and i lose money?

>>17910056
You think oil is going to remain cheaper than the barrel its stored in forever? Companies can't even profit at this price, not even Saudi or Russian companies that started this whole thing. It's a shakedown, and it will end, probably sooner rather than later.

>>17910592
>So basically dont think about buying GUSH until after the split?

IMO yes. Split is on March 24th, its just a week away. Just grab some stable long term ones like Exxon until then if you want to buy something.

>>17904558
gas goes bad

>>17910505
This. It's the best time to go in. Exxon in particular gives some juicy dividends based on my research.

>>17904495
Just buy KOR then you zoomer

>>17910665
XOM and other oil could still drop over the next few weeks until travel ban lifted

>>17910996
That's why DCA is the name of the game until the free-falling stops.

>>17910996
then you just buy more. its all a risk at this point, but the risk being how much you could potentially miss out on earning. almost no risk of loss if you're willing to hold onto them

Everyone just buy GUSH and SHUT UP wait until September and be the next gen of white millionaires

>>17911109
Basically this on any stocks you're buying these days. Plan to hodl for a year or more and you're good to go.

>>17911354
Why GUSH specifically?

I am a gay retard who needs to make money I have $200 on robinhood please tell me what to do

>>17909500
oilbit. It is like smart contracts, but for oil.

>>17911354
reverse split lmao

>>17911354
>>17911475
dont buy GUSH until after the split on 3/24/20

thanks just bought 100k

>>17904901
That's an ETN though not an ETF, it's basically a gambling contract with the bank underwriting it, not an actual security with intrinsic value.

>>17910313
>>17910365
WHere did you find out about the split?

>>17912027
http://www.direxion.com/press-release/direxion-announces-reverse-splits-of-three-etfs

>>17911606
why ?

>>17912088
Because anon just learned some things about how ETFs work in the past couple hours and now feels qualified to offer advice based on that limited knowledge. Typical biz.

>>17912213
what about UWT?

>>17912088
Your ability to profit off of the stock goes way down after a reverse split. They are basically stealing your up end potential.

>>17911606
I am just curious as to why people are specifically recommending GUSH

Oil needs to be $30 a barrel for U.S producers to make money, we are entering a depression like no other before.

>>17912300
GUSH and UWT are 3x leverage Oil ETFs. They are just about at rock bottom right now so if you buy and hodl for say, a year, you will see a lot of profit once oil rebounds. the problem is we could have another couple of weeks of dropping prices

same shit with all big oil companies, XOM, RDS, Chevron, etc.

>>17912486
Biggest worry is the likelihood of these etfs to reverse split. Might be an almost certainty

>>17912486
Well I'm going in hard on GUSH and UWT, and throwing some into OILU too. I plan to buy incrementally. If it goes down I'll just buy more. I expect to lose at this stage.
Might pick up XOM and RDS. I forgot about RDS. RDS.A or B in your opinion? Or does it not matter?

>>17908191
Only a third of our oil goes into electric power, and contrary to the reddit retards, solar and wind absolutely without a doubt can't replace more than 40% of that. See: Germany. The other two thirds goes into vehicle fuel (including aircraft, which CAN'T be electric) and the synthesis of organic compounds like plastics and fertilizers.
The thing that can replace over half our oil usage is nuclear energy, but nobody is going full bore into it because humanity is RETARDED. So oil it is. Don't bet against it on the long term.

>>17912635
That's the spirit. Never wager more than you're willing to lose and you'll be alright and in this case probably pretty comfy in a year or two

>>17912635
>RDS.A or B in your opinion?

Read here: http://www.differencebetween.net/business/difference-between-rdsa-and-rdsb/

RDSA looks like its subject to Dutch witholding tax on dividends. RDSB is not for Americans

>>17912869
Thank you.

>>17912869
>RDSB is not for Americans
not paying the dividend tax i mean. i'd go with RDSB since i'm not Dutch

>>17908191
oil is used for more than just fuel for cars and planes.
everything we touch in everyday life has oil in it somehow. oil is not going away for a long long time.

Bought into XOP yesterday, did I make a mistake????

>>17903868
I'm waiting to see how low it will go and then I'll buy when it raises $10 because I'll know for sure then it will keep raising.

>>17912990
Nope. Hold.

>>17912486
You are going to get raped holding a 3x leveraged ETF for a fucking year. The second it crabs for a bit you're done.

>>17913267
not if you bought in at 40 cents and it goes up to 10, 20, 40$

>>17907751
About of third of oil goes into industry, and there is no alternative. If we hit peak oil it won't matter if we all have electric vehicles.

buy oil ETF's or short oil?

>>17910284
>>17910111
kek

Anyone buying KOS? Looks like things are gonna be fucked there rather soon though.

>>17913383
That doesn't mean shit. Do you know how a leveraged ETF works? You take extra damage from it going the wrong way, so up and down movement rapes you. Even if the trend it up, volatility will destroy your gains. Leverage is something to use during strong movements in price. It's not set and forget.

>>17913636
Thats not how an etf works. These arent options calls hes buying.

Halliburton is absolutely freefalling. Worth buying in soon?

>>17913796
Anything/Everything related to oil is freefalling.

Buy buy buy.

>>17913757
https://www.etf.com/publications/journalofindexes/joi-articles/5421-how-long-can-you-hold-leveraged-etfs.html
Read it.

What the hell do I buy, help me stock bros: I have 5k

>>17913636
Buying and holding ETFs in a regular market is definitely unadvisable, i'll give you that. In a market situation where a very distinct set of circumstances cause a massive drop, which is pretty much a sure thing to reverse in a few years is a solid buy. You gotta have iron hands too for the next few months while we get thrashed around but the potential upside is very attractive, just don't bet the farm.

This but it's a Saudi pumping oil in the desert

>>17914085
I know. It's just a shitty thing to tell anyone to do. Trading with leverage is dangerous if you're a brainlet, and using an ETF to do it doesn't make it any less dangerous. Over the last two weeks buying a -3x leveraged ETF on oil was completely smart money. Pretty soon, buying a +3x will be smart. But once the huge movements are over, I'll be dumping them for traditional stocks because I don't have the time to obsess over the market.

>>17913467
Neither, buy big individual oil companies that have little risk of bankruptcy. Alternatively, buy oil funds that just match the price of crude and have no stakes in individual companies.

>>17914390
Same. I am buying the ETFs but I check the markets at least every other day and plan to cash out at the first opportunity to put it into something more stable. This does smell like a good opportunity though and at 35c a share it's just too juicy

>>17914390
I hear ya. On a board where folks regularly shill buying shitcoins on 25x margin, I don't feel too bad about talking people through the merits of a buy into 3x +/- ETFs backed by actual commodities and industry let alone economies. As always, invest at your own risk.

Since it's hard to go wrong with oil, should I go all in on it? I don't think I'll get another chance like this and am thinking of taking the risk.

>>17908326
you really expect /biz/ to be able to pump the price of WTI? this isn't a backwater shitcoin. use your fucking head

People buying OILU do realize the fund is shutting down on 3/27 right?

>>17904844
>He assumes the dividend won't get slashed
I'm buying Oil companies as well, but you're in for a rude awakening

>guy good games when he has lethal game 1
>I good game back
>he RQ game 2 and 3 when I have lethal
Tsk tsk

>>17905625
kek

I set aside some investment funds for PM's but they're sold out everywhere so fuck it, lets go oil.

>>17914835
I basically went in 30% index (vti), rest oil.

>>17904558
>Just buy barrels and fill them with gas from the cheapest place around. Hold them in your garage for a few years and then resell it.
Fuel ages worse than houses, anon.

>>17914941
>People buying OILU do realize the fund is shutting down on 3/27 right?

Upvote this comment so its at the top plz.

So the upper estimate of oil during this price war is $29/barrel and the lower is $20/barrel. When do you think we'll hit a floor? $25? If we hit $20 that's going to be fucking historic.

>>17903868
The debt riddled shale frackers wont survive this... what super majors will come out of this on top?

>>17915307
Um, you haven't checked the market lately have you?

>>17915307
>So the upper estimate of oil during this price war is $29/barrel and the lower is $20/barrel. When do you think we'll hit a floor? $25? If we hit $20 that's going to be fucking historic.
Russia and China are desperate enough to try and play gay chicken with the oil price until September, plus Trump is gonna try and poomp shale at some point for re-election points.

>>17915243
Kek. Once the ethanol is added it ages marginally better than milk. Every year I end up having to burn off a gallon or two of bad fuel in my small engine stockpile.

>>17915934
First for "Fuck ethanol"

>>17915307

Dude, oil capitulated today and is currently in the process of mooning again.

Session lows were $20.50. It's currently $22.

>>17916043
NO SHUT THE FUCK UP
TEENS

>>17916043
Anon, I...

>>17915934
>. Every year I end up having to burn off a gallon or two of bad fuel in my small engine stockpile.
Fucking hell, that's just horrible.

>>17910235

You can literally just drone strike the Royal family and replace them with some new wannabe Emirs.

>>17904492
Wait are we talking about link or oil

>>17904195
Based and UWTpilled. Be careful with GUSH reverse split in a few days.

why did OILU spike to $20/share around 1pm?

>>17914390
>Over the last two weeks buying a -3x leveraged ETF on oil was completely smart money. Pretty soon, buying a +3x will be smart. But once the huge movements are over, I'll be dumping them for traditional stocks because I don't have the time to obsess over the market.
And this is how it should be.

You transition to a highly leveraged position to take advantage of extreme trends, then transition out when thing stabilize. It's not as hard a people are talking about, and holding a leveraged ETF for a year isn't a bad thing (contrary to popular logic) IF you are making a very specific prediction: namely that there will be a black swan event in your favor within that timeframe.

Worse comes to worst, you lose the cash you put in. If it goes your way you make bank. Like you said, throw what you can afford to lose at these.

>>17916990
must have been some weird technical result of the trading halt

Loading up on uwt. Let's ride.

>>17916927
>>17917515

Boomer sludge to the moon

>>17910111
$500 divided by share price, let's say $0.35 to take the average between your range. That gets you 1428 shares, but probably a little less as you'll have to pay commission so lets just call it 1420 shares. 1420 shares at a price of $60 would be 1420 times $60 = $85200

Does anyone have some good resources for investing in oil? I just bought a $160 in GUSH only for it to lose a lot of value. Still, nothing I'm crying over.

I just think with the state of oil there is great opportunity coming very soon and I'd like to be prepared.

>>17918484
Largest thing would be the world's largest oil importer to get back into it or the oligopoly to reach an agreement on production. I don't think we've seen the bottom, but I'm buying in now and friday regardless.
>All this because of a fucking undercooked bat.

>>17916542
It is. I though I was just a retard and storing it incorrectly, but a lot of people have tested this. Take some E10 and put it in a mason jar so it's totally sealed. Store it in a dark place for a few months. Compare to fresh fuel. In just a few months it will have turned pale yellow and the smell will be off. It will still burn in an engine, but poorly, and if you leave it in a carb for just days it'll varnish and start clogging ports. What a pain in the ass. 100% gasoline doesn't to that. I can store 100LL avgas for a year with no problems. Of course, burning leaded fuel in random small engines around the yard is really inadvisable.

>>17918628
i only run ethanol free gas in my boomer mower...that and a little stabil? I don't even have to flush my fuel over the winter.

>>17918765
Can't get it around here without a two hour drive.
Fucking corn lobby.

>>17918765
Turn the petcock valve off and let the engine burn all the gas in the carb bowl. Your ethanol( aka water) free isn't ethanol free. Don't believe me? Do a test. Mason jar of eth-free vs 93 Octane. The 93 has much less water in it than the ethanol free. Also marvel mystery oil is king shit

>>17918765
ive never seen ethanol free gas for sale but i live in a commie state so maybe cuckfornia law prevents it

>>17918563
Okay, but what are some good investments?

My main concern with GUSH is that it's an index of US companies. Sure, if the US turns this shit around I can make bank but I'd like to be a bit more diversified than that. Would OILU and UWT give me some better global exposure?

>>17918931
OILU is being delisted.

UWT tracks the PRICE of oil. NOT the companies that deal with it. A small but very important distinction.

Farewell everyone, I will leave this wretched world .

>>17919346
why? just buy oil and wait a bit and then youll have some money to buy hookers and blow with

So I have 2k right now, and would like to invest, were can I buy this stocks? GUSH, UWT and OILU. Never before bought stocks

>>17919411
The problem is with " wait a bit". Bullshit, rising prices will far outweigh my investments.

>>17919499
>t. impatient nigger

>>17919492
hello me

There are so many Royal dutch shell tickers in degiro, which one am I supposed to even take? What are all these for?

>>17903868
How do I buy oil?

>>17919499
>Bullshit, rising prices will far outweigh my investments

?? Your investment is in the commodity. If the buying power of the dollar falls commodities rise

>>17919492
>>17919731
>>17919654

Okay noobs.

Robinhood is user friendly and available right now to anyone with android/ios. I would recommend Ameritrade buut you have to register your account with the bank to enable that. Or you can enquire with your bank to see what they have for stock trading platform.

Buying stocks is piss easy. Link with bank account, get funds in, select symbol, quantity you want to buy, Market Price option, buy.

TO BUY OIL: Experienced anons are betting on 3x US Index crude oil stocks - Mainly GUSH and UWT. You can get some, but just for some safety and far more stable returns there is XLE, USO, or XOM. I recommend just stock up on 50-50 GUSH/XLE. Other anons will have different opinions but this should get you started at least.


Now go and do this shit.

>>17913961
Interesting, thanks anon

>>17909466
Nixon made the petrodollar my friend

>>17919835
thanks for all the info but isn't Robinhood US only? thats the message i get on their page

>>17919835
thanks

>>17919932
Maybe it is. You'll have to see what people are using in your country.

Also there is Russian oil stocks like Gazprom and Lukoil, and EU ones like Shell if you want non-US major oil companies. Check their graphs in google, all should make 2x returns at least when crude goes back to normal price.

>>17919835
ok so that is how you buy how do you sell? do the buys go in instantly? do the sells go in instant? is there a limit to how many sales you can do? can you start with any amount of balance?

>>17919835
based actual /biz/ wiz
>>17919932
rip eurofag maybe look online? either way your govt probably bail your airlines out

>>17919835
if i go for the oil how long will the wait be for the gains?

Also how much will this effect my taxes and government gibs. i have no investments at all.

>>17919835
Time to waste some money. Wish me luck.

>>17908670
>>17908782
>>17909152
>>17919835
>>17919932
>>17920087
Most American ETFs aren't available for EU bros due to PRIIPS and MiFID II regulation.
Only UCITS ones are compliant AFAIK.

>>17920023
>>17920087
>>17920205
I made a account on webull, hope it works

>>17920480
Just an FYI but you can supposedly be hardcore fucked by taxation on those american ETFs if you're not careful as a non US-citizen.
https://www.justetf.com/uk/news/etf/us-domiciled-etfs.html
https://www.bogleheads.org/wiki/Non-US_investor%27s_guide_to_navigating_US_tax_traps
https://www.bogleheads.org/wiki/Nonresident_alien%27s_ETF_domicile_decision_table

>>17919249
>A small but very important distinction.

Care to expand on this?

PSA to do your own research. Anons here are recommending at least one fund that is getting shut down

>>17910342
What about valero?

>>17920829
The only find getting shut down is the NYSE

>>17920069
if you are buying at market price, the order will usually get fulfilled instantly.

there is a limit on how many times you can buy and sell the same stock within a 5 business day period. that limit is 3, unless you are an "approved" day trader. on Fidelity, you need 25k in your account to qualify for approved day trader

you can start with any amount, provided the amount is enough to buy 1 share.

>>17920620
Yeah if you're not in US just put into EU oil companies like Shell. Don't know if they have leveraged 2/3x ETFs you could also take advantage of. But you can't go wrong with Shell, or related companies.

>>17910505
Valero?

>>17920829

This.

OILU is about to get de-listed and GUSH already announced a reverse split on 3/24/20. You should not buy OILU at all and if you want GUSH, wait until after the split

>>17910996
Valero?

hey retards, UWT will never see usual prices. for it to go 1 dollar oil must climb back to like 40dollars. this is not your usual stock, it wont ever be more than 1-2 buck again. dont fucking waste your money on this shit.

>>17920121
>if i go for the oil how long will the wait be for the gains?

I predict 1 year max.

>>17920824
you're not investing in any companies with UWT. You're betting solely on the price of oil going up. it literally just tracks oil price.

(DWT is the inverse)

>>17920977
DWT was like 2 bucks a few weeks ago wasn't it?

>>17904492
keep dreaming

>As a levered product, UWT is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its 3x exposure for only 1 day. Over longer periods, returns can vary significantly from 3x the return of its underlying index.
Please do not hold this shit. In and out is how you use leveraged ETFs.

>>17921029
so what? im just saying there are not as great reward as some lunatics think here.

>>17921093
It might not ever be 40 dollars again but thinking it wont breach a dollar is fucking retarded. If these shale companies go under we'll see 4 dollars a gallon again and it could drive uwt up over 10 dollars.

>>17921084
dont be fucking memelord lunatics. x3 per day!
UWT to get to 10 bucks would take growth of unprecented scale to all tiem hights of actual oil price. WONT HAPPEN. DONT WASTE MONEY.

FUUUUUUUCK ITS GOING BACK UP FUCKING RIGS ANS CHINESE PIECES OF SHIT DOG EATING NIGGERS FUCK FUCK FUCK FUCK FUCK FUCK FUCK

isn't it better to go for ERX since you get the assurance of cash flowing equities as opposed to gambling on manipulated commodity prices? roughly the same spread

>>17921434
Biased towards US companies and no one knows the impact on Shale

>>17921084
I held SOXL (3x leveraged semiconductor ETF)for almost two years kek. Got out @ 299 no regrets.

>>17921584
What did you buy it at?

>>17921582
hmmm good point, I might 50/50 it since the spreads are similar, I can average out the return, I'm betting on the spread from price manipulation not any particular underlying
I probably don't need more than 1k to swap into another opportunity

Tell it's just manipulation. Tell me it will go below 20 please

>>17905710
>the main casualty will be the US fracking industry
temporary victim, fracking has gotten so technologically advanced fracking can make a profit as long as a barrel is abovve $30 or so dollars.

>>17921144
>If these shale companies go under we'll see 4 dollars a gallon again

>>17920950
Why do you think OILU is going to be delisted?

>>17921182
Look at how the inverse of UWT tracked up from a 7 dollar decrease in crude per barrel.

Tell me why crude oil spiking back up once shit gets fired up again and russians and sauds stop fucking eachothers asses wont result in UTW back to 10
Why do you think

>>17921838
Prove me wrong instead of posting a reddit tier meme you cuckold.

>>17921935
Bro I just bought a ton of shares at 28 cents please tell me I'm not fucked

>>17919835
Is ameritrade better than robinhood for options?

>>17921956
The USA is awash in easily accessible oil. The loss of some small players, even the loss of ALL the small players doesn't make that oil go away.
America will be a large-scale exporter for generations, the life of useful oil.
There will never, ever be the upwards pressure on oil prices that we've seen pre-fracking.
You are a reddit-tier meme.

>>17919731
just go to your gas station or napa

>>17921908
Because it says so on the fund's website... are people even doing basic research?

>>17922047
>Because it says so on the fund's website... are people even doing basic research?

nope but hey thats what these threads are for. this is one of the best threads i've seen on /biz/ in a while

>>17921956
Oh and even THAT is assuming there's no increase in political stability post pandemic, say Orange Grifter gets his deserved boot from office, they resign a peace with the Iranians and get the South American's shit together.

Gasoline was cheap with several of the larger players in oil basically cut off from exporting.
So unless Saudi Arabia disappears into another dimension or the Russians run out of oil next month, you will never, ever, ever see expensive oil again. Your shitcoins will never moon to 20k either, in case you are wondering.

>>17922000
You're not. Just hold. Oil will eventually rebound when Saudis/Russians stop fighting and Corona scare goes away.

>>17922140
>So unless Saudi Arabia disappears into another dimension or the Russians run out of oil next month

Or unless they decide they'd rather go back to making a lot of money instead of being faggots

>>17922140
>they resign a peace with the Iranians

Imagine being this much of a retard and not knowing zionists run every inch of USG from the top. When Trump skewered Soleimani, all of D.C. including DNC and all MSM said "Rot in Hell, Soleimani".

>>17921935
inverse trades 28 now from 7.
Its 4 fold increase. Thats is the limit how much UWT can increase. It wont be more than x3 or x4 at best. Its great but not like some faggot here claimed x10 etc/

>>17922163
The moment Biden resigns the treaty with Iran, you will see a permanent era of $1.00 or less gasoline in the USA.
The amount of oil that's being artificially kept off the market due to geopolitics is staggering.

>>17922214
>The moment Biden resigns the treaty with Iran

JCPOA was a meme. It will never be resigned even with Democratic President.

>>17922140
Yes you will. Crude oil is all price fixing and the fix will be in again.

Saudis will never keep it under 20 a barrel forever

>>17922214
Imagine thinking biden has a shot in hell

>>17922209
You cannot possibly be so underage that you cannot remember that relations were slowly normalizing with Iran under the last President, and Israel's ambitions were being curtailed.
The vice-President of that administration is favored to win this year. Things have only gotten to where they are because Dolan Trump is personally compromised by business dealings with the Saud/Russians through Deutche Bank.

Stop being the meme.

>>17922292
Dolan's golfing through the Corona and mocking the experts for better than a month has fucked him.
He can hand out all the checks he wants, he's exposed his utter incompetence in the face of a crisis he can't solve by Twitter mockery.

Even Republicans at my plant were red-faced when he started claiming he "knew it was a Pandemic, before anyone else".

>>17922047
Yeah I looked it up right after I asked. I'm a bit new to the market and I'm trying to learn. I'll make sure to do basic research in the future.

If an etf closes, in the days between announcement and actual closure the rates can vary either up or down... Are you thinking this one might go back up?

What are some good oil ETF's to buy and hold for 6-12 months if any?

>>17922399
He's having press releases every fucking day you dumb fuck. Who do you think you are joking?

im saudi is this good for me pls explain brothers

>>17922333
>You cannot possibly be so underage that you cannot remember that relations were slowly normalizing with Iran under the last President, and Israel's ambitions were being curtailed.

LMAO. Yeah Obama destroying Libya and funding Saudi/CIA mercs against Assad was really really hurting Israel! Also telling congress to give $35 billion and free F-35s. Obama really gave it to Israel, kek.

You just fell for theater or are deliberately misleading because you're a kike. The JCPOA was rubberstamped by the same deep state agencies who pushed Iraq war. Pic related.

JCPOA's aim was always to push Western market on the Iranians and induce them into overthrowing their anti-Israel Mullahs. Hillary admin would have reneged on Iran deal after a few false flags on them to open war. I really hope Iran nukes Israel soon btw.

>>17908326
Kek
Breaking news: 3.5 biztards pump crude oil to $70

>>17922212
Then how did UTW fall to 25 cents from 6 bucks. Thats much more than 4x

>>17922428
Safe: XLE, XOP, USO
Higher risk, Higher Returns: GUSH, UWT, ERX

>>17909466
please fucking kill yourself

>>17922637
>Obama: Friend of Israel
How can you even breathe with your head stuffed up there? Is this some cope for Donald turning out to be Israel's greatest hero since the founding? Now everyone else must be just as bad? How tender your bottom must be since the 2016 days when Donald would 4D chess the hell out of Israel.

Donald's getting statues and streets name after him in Israel, and probably a holiday soon, and you've got "'member how much they loved Obama?"
I'm not 18, I remember very clearly how much they despised BHO and his lack of diplomatic support. You damn alternate-facts Fox Friend.

>>17922765
>How can you even breathe with your head stuffed up there?

So you're just going to ignore Obama ordering the $35 billion aid, Syria/Libya and AIPAC authored JCPOA and sprout asinine bullshit.

Yeah Trump is such a kike puppet, that he is pulling troops from Afghan and trashed Israel 2.0 (((Kurdistan))) project.

Go ahead and name Tel Aviv after Trump too, you still won't get that Iran war. Go pilpul /pol/ and reddit btw. You have no power here.

>>17922834
>So you're just going to ignore Obama ordering the $35 billion aid
Congress sends the aid to Israel. Congress will always send aid to Israel. Obama no more has $35 billion in his pocket than Trump as a Trillion to send relief checks to everyone.
If Dolan could conjure up a trillion dollars you would be able to see the Wall from the Moon.

>>17922924
>Congress sends the aid to Israel.

Obama, Rothschild's goodest goy, told them to do it.

>Congress will always send aid to Israel.

Enjoy the aid until the evangelicals are still alive, your tribe has them brainwashed on zionism. You're fucked afterwards.

>>17922731
Thanks, today was a learning experience