/biz/ - Business & Finance

>>18008501
You're too smart to post here.

>>18008501
>No GUSH
Also, oil will go down further.

>>18008530
That's a good one.
The expensive oil age is over grandpa

I'm only betting on the crude price. Cost average is around $21.50. I have limit orders in the teens just in case there's another good stiff panic sell.

>>18008561
>GUSH
you know whats going down tommorow?

>>18008561
>GUSH
oh no no no

>>18008598

He thinks after this fiasco governments will dump even more into solar wind powered hughug happy energy.

Global warming is canceled retard, it's survival mode and Dino juice burns real good.

>>18009073
Correct. Tree hugger energy push has just been set back several years. Nobody is going to want to use your alt feels energy when oil is practically give away cheap.

>>18008792
>>18008901
Speak, faggots. I have over 1k of this shit.

>>18009471
Just do what I'm doing and hold for at least a year. They're gonna start WW3 soon and it'll explode, just not until after they make the people suffer for several months.

>>18009708
I'm lucky enough to be uniquely positioned to not have to fret over whether my investments go up or down in the short term. So you bet your ass i'm HODL'ing for dear life.

>>18009873
hope you got iron hands

>>18009471
GUSH is getting a reverse split. Because of 3x decay, if oil keeps going down decay will compound and even if oil recovers you will only receive a small fraction of your investment. You made a mistake of not investing in normal ETF. At least you are lucky that it's not getting delisted like UWT.

>>18008501
USO long dated calls bitches

How am i doing?

Just tell me what etf to buy. FUCK

>>18010082
Been eyeing this too, thinking of buying in tomorrow

>>18009350
>>18009073
>He doesn't have a fully solar house
Sucks for you guys. Enjoy paying premiums for outdated power boomers

Haven't bought in because this shits going down even more. You're retarded if you think it's not. XOM and BP look nice though.

I also want to buy a $3 put on Gamestop

>>18008501
Consumption all across The West is about to fall through the fucking floor. We haven't even begun yet. Oil will be near worthless.

Have fun with your bags loser

>>18010768
Hodl faggot

Am I retarded or is this free money?

>>18010798
2022 is safe enough

>>18010798
Retarded. OILU is getting delisted. Sell out or get absolutely fucked on the 27th. Don't believe me? Google it, I just saved your dollars anon.

>>18010053
So does it makes more sense to buy long calls on GUSH instead of holding it directly?

>>18010109
looks good

lmao @ oil boomers grow a fucking brain

>>18010798
looks good

>>18010706

I would say go ahead and buy puts for AMC. there going under imo

>>18011150
OUCH. thanks anon

>>18011150
>OILU is getting delisted
Oh for god sakes. Yeah dump that call asap. Slide over to USO with the freed cash.

So which cheap muscle card should I buy?
Something easy to repair and with no damned computers.

>>18012055
2003 Toyota Echo sedan

>>18011744
No problem, saw it in an earlier thread a couple days ago and almost bought in myself. All of the +3x's are getting absolutely shrekt.

>>18008501
oil is still overpriced you retards
literally gazillions of barrels in the ground in russia, saudi arabia, iran and venezuela.

the only thing that kept the price artificially high was the cartel that is now in shambles.

>>18012472
Please tell us, anon, what you believe the fair value of oil should be.

>>18012702
1

first time investing in my life. I started by cashing in 200€ into iShares Oil & Gas Exploration & Production UCITS ETF. Did I do right or did I fucked up? It seemed like a safe bet because it has a all time low.

>>18008501
Agreed, it seems like USA will stockpile oil if it goes below $20

>>18012852
Haaaaaa

>>18008501
Imagine buying ford

>>18008501
lol global oil demand is like 100 million barrel per day and GDP is going to contract around 25% this year, GDP is directly correlated to oil consumption

The entire US(mostly fracking) and Canadian oil industries are going to permanently be shuttered with some left nationalized for national defence purposes

>>18012863
https://www.investopedia.com/terms/f/fallingknife.asp

>>18012939
The entire energy industry of north american could disappear tomorrow and STILL there will be an excess of oil

Look at the charts faggots there's a reason the energy companies look like fucking Enron

>>18012970
so I fucked up?

>>18013047
I mean you *are* asking for investing advice on a Kazakh motorcycle customization forum.

>>18012702
Tbh I’d invest in oil around the teens. Iran and KSA are going to eventually blow up in war cutting off millions of barrels. If u invest at the right now you could potentially become a millionaire.

>>18013083
true but I trust anons here more than my jewish "advisers" of my bank or elsewhere

Just fuck my shit up senpai, I bought WAY too early.

>>18013109
The point of falling knives is that what you buy might keep falling in price, even past what's reasonable because people are desperate and panicking. Waiting for that to end and the price to bottom out can save you heartache.

Oil might quickly recover if there's a literal war like >>18013107 mentioned, or a cure or really fast vaccine, but otherwise you're looking at depressed oil demand for months. You can wait a couple weeks for the price to stabilize.

>>18013129

Same here, I thought a 30% market crash was the bottom, little did i know we are going to drop the DOW to 12000.

Bought a bunch of Suncor at $16, its sitting at $11 now. What do you anons suggest? Hold for a year or cut my losses? Suncor is the largest oil manufacturer in Canada and have 60% institutional interest.

consumption is not going to pick up any time soon. Heavily tied to the price of oil. Anyone betting on oil right now is fucking retarded

>>18013109
>>18013183
Uh, see >>18013129.

>>18013198
so he is a victim of a falling knife

>>18013246
Yes, so is >>18013187. They shouldn't feel bad though, even Trump is polyanna-ish and thinks things will just "bounce back".

>>18013129
Price paid 16k, value 14k, somehow losses are 4k. How is this possible?

I’m a poorfag with only 1k to invest so I just bought $200 worth of XOM and RDS.A/B and will buy more doing DCA until the market hits the actual bottom

>>18013246
Yes I am. Honestly the smart move right now is sell it all at a loss, then buy back in to whatever's left in a month. But I'm a coward and would rather watch my money dribble away over a month than risk missing the recovery.

I'm covering myself in the meantime with lots of puts. If I take a few more risks I can probably make up what I lost, about $7k, just on puts. If I do exceptionally well I can dump more of it into oil companies and DCA some more. I might also say fuck it and dump it all on BTC again.

>>18013107
Neither the Iran and much less the Saudi's are in a position to fight a war.

>>18013320
Price paid 16k, value of the stocks is only about 11k, and I have 3k in cash. So I'm down almost 5k (16-11) and also have another 3k in cash so total value about 14k.

>>18013381
that is a productive line of thinking. perhaps you should think more along those lines...

>>18013426
clueless retard

>>18013340
good luck fren, maybe you are lucky and it will recover.

>>18013404
Oh, didn't realize you had cash. Pray to FED, they'll pump it maybe. Dunno about long term.

Oil is not going away. Don’t see it getting cheaper. I do see it going back to about $35 soon

>>18014083
>soon

>>18008501
My XOM and 2021 USO calls were bought too early. But I got in on HSE.TO and SU.TO shares and USO 2022s in good time. In all honesty, I will probably get raped more in the coming days, but the options I have are all long dated.

>>18011665
>buy puts for shares you don't own
???

>>18014724
Yeah

>>18014900
How does that even work? Most brokers won't even let you do that.
Even if you try to sell it, it's not likely to appreciate in value closer to expiry.

Unironically all on in xom

Whats your guys recommendations on US oil stocks? Ive seen people talk about XOM, and also Marathon too but they didn't seem to be as good. What about Lukoil from Russia?

>>18015116
Institutional investors undervalue companies that might go bankrupt. In reality most shale companies (at least the ones I invested in) have positive book value per share tied up in contracts, real estate, mineral rights, and reusable drilling gear that can easily be sold or repurposed. My play on PCG was the same way, BHC was more of a stretch at the time but I just messed up my timing on that buy anyway.

Take a look at my portfolio. It's down because I bought too early but even at the price I bought them I think they're a steal. I plan to buy more over time (except maybe SSL). And even if they do go bankrupt, they're likely to get acquired by some other company and some kind of deal will be made with stockholders, maybe some kind of buyout or equity exchange at some level ABOVE current market level. That's pretty typical as far as I understand it. It's not like stockholders always get nothing, it's just a possibility.

>>18009873
>HODLing a leveraged ETF in a commodity where thhe market goes up and down 10% daily at this point.
This is gonna be an expensive lesson

>>18015271
>expensive lesson
He's going long. What's expensive about it?

>>18015322
It is a leveraged ETF, look up time decay. Amplified losses will more than cancel out amplified gains. Oil could go up to 100 but if it ever drops 33% like it almost just did you're done.

Just look up time decay and why you shouldn't really hold 3x ETFs for the long term

>>18008501
AXAS is literally down 96% over 5 years. Lol

>>18015479

>>18015515
And if you're holding long term for exponential gains (which is what you're implying), I don't think it's that great of an idea.

>>18010768
you think the price of oil has anything to do with the consumption of oil?
saudi arabia has so much fucking oil they can give it away for free; the price went down because they wanted it to go down

>>18014930
>what are cash setteled american style warrants
Also you could just sell.

>>18008501
bought 1000 shares of husky at $3; 1100 shares @2.75; 1250 shares @ 2.50

Have a limit buy for 2000 @ $2 and 4000 @ 1.50 but I don't think I'll be lcuky enough to fill those. Maybe if the arabs PUMP hard enough though.

>>18008501
Is gush an oil?

>>18015586
Nice

>>18015441
I thought that they were just leveraged, but I didn't know that they re-balanced daily. I can see why they aren't recommended for long positions.
Anon, pull out lmao.

>>18015582
If you could buy puts for shares you don't own, it would just be a less risky short-sell that doesn't require margin.
As far as I know, the brokers I've used in the past didn't let me buy puts for positions I didn't already own.

>>18015621
You can on robinhood.

>>18008501
I'm not American and beginning to invest on US stocks. Could you or anyone tell me a plataform, broker, or any starter point? Any adivice is very appreciated. I found robinwood on utube, and by myself ameritrader on multibroker, but I don't plan to invest the minimum required for this option. What are you guys using?

>>18015621
Etrade also allows it.

>>18015684
Etrade, but I don't know how it works for non-americans. Any decent broker should let you trade on the NYSE though.

>>18013187
You really think the tar sands are going to be opening any time soon? lmao ur fucked m8

>>18015684
People make fun of it but Robinhood Is easy to use.

>>18009073
Global warming is accelerating retard, cheap oil means more CO2 --
Enjoy your tropical disease.

>>18015684
and to help you I do agree with the guys who say holding a leveraged ETF in a commodity is not good idea, Much better take this money and daytrade on CL future exploring the dumps of news about this commodity on the actual ecosystem

I'm the not american guy above

>>18015889
There are literally already machines (real machines, not plants) that can suck CO2 out of the atmosphere if it's deemed necessary. Oil isn't going away just because it gets a little hotter.

>>18008501
Stonks go down fren

>>18015889
Looking forward to it.

t. leaf

>>18015814
it is not accepting non americans lately.

>>18015719
Thank you. I will take a look. I was planning to use Ninjatrader or Multibroker with some broker account

>>18015959
>There are literally already machines (real machines, not plants)
>that can suck CO2 out of the atmosphere if it's deemed necessary.
What-everrr, President Trump.

Reminder. GUSH is doing a reverse split tomorrow. Wait for it to dump even more if you're even retarded enough to buy it.

>>18016151
Yeet homie as soon as it's split im going a 1grand in

What's the best thing to hold to profit when oil price rebounds? No individual stocks. Something like UWT which tracks price but isn't getting delisted or reverse split?

He will wake up with the half

>>18015479
>>18015515
lmao axas is going bankrupt
they just laid off even more employees
how does it feel to buy into a company about to be delisted from nasdaq?

>>18016400
>>18015515
I told this retard. You can lead a retard away from flaming himself, but you can't make him think. If you listen to us, your welcome for saving you a stack.

>>18008501
Look at $NBR

How high will oil go after this? And are USO and MRO good to invest in?

>>18016504
Thanks. Added to watch list

>>18008501

Are Canadian energy stocks a good buy?

They're being bailed out by the government.

>>18015889
No it isn't.

>>18013083

best time to buy stocks is when you see the corona virus graph start to level off for an extended period of time

>>18016521
MRO is good, I don't like USO but that's because I'm in this for dividends. MRO is lower dividends even at this price level but it's a great growth stock if you think oil will come back.

XOM is my guilty pleasure. Been dumping money into them since early February. XOM is not going anywhere. 10% dividend yield at its current price. Will they cut their dividend? Maybe, in fact I'd say it's likely. But will it come back? You fucking bet it will.

XOM is a world class buy in my opinion. It's as American as apple pie. I'm going to pump $500 from every single paycheck I get into that bitch. It's going back to the $80 range and the dividends alone make it a very good long term buy. The only question is "how long term to turn a profit?" I'm thinking about 6 months to a year.

>>18016633>>18016504

They are doing are reversed split 50 to 1 and will go bankrupt this is one of the worst companies you can put money into stay away from it

>>18016885
By the way - if you REALLY like dividends, don't look now but RDS-B has a fucking 16.7% yield right now....

>>18016885
Ayyyy I see your a man of taste I bought at 40 and just kept putting in until now I got 2k right now but every week il be putting more into it along with BP

I have 5500 uwt and 1100 gush. I know I fuckef up but how the fuck was i supposed to know theyd free fall so god damned fast. Please advise how to offload this shit.. Will people even buy...

>>18017016
Jesus anon how much are you down in utw

>>18016959
I've been buying up as many REITs as I can for dummy big dividends, I'm still scared of oil though :(

>>18016975
I might have to go RDS-B with that 17% div yield jesus h. christ that's ridiculous.

i think i will DCA another $2000 ish into oil in the next month or two. I am already very over exposed with $5000 (about half my net worth - I'm poor) in, mostly XOM and MRO, but I think it's money well spent. I'm looking at dividend yields and just wondering why anyone wouldn't go for it as hard as they could right now on large cap oil. They're not going anywhere.

Or maybe not? I wonder what is going to happen with the Saudis. I think it's very interesting that they are putting so much pressure on the US (with so much of our economy being oil exports now) when we are probably their only real, reliable ally. I can't imagine they would keep up the pressure too long, or that they even *could* without the US turning their back on KSA.

MbS seems eager to flex his muscle and consolidate power, and Trump has been very reluctant to take a bite out of him. Wonder what's going on.

There was a poster earlier this weekend talking about how they think that US will pull its troops out of SA (the ones guarding the oil fields) soon, ostensibly because of the virus. Wonder if that opens the door for Iran? Too many variables to predict this short term. All I know is that oil in the $20s/bbl is ridiuclous and will not be lasting longer than a year. I'm willing to bet big on that, and have bet big on that.

>>18017016
Wait what the fuck are these? Just checked the tickers and holy fuck WHAT. IS. THIS?

>>18017048
50% I left my account alone for a while. Did not have electronic access due to work for last 4 months.

>>18017108
For Dutch Shell what exactly is the difference between share B vs share A? Voting rights, or priority when it comes to distribution?

>>18017157
Difference is taxes. get B if you're American.

>>18017108
I'm in the same thinking but it's a fued between Russia and Saudis and it's them wanting to hurt each other to make one of them come to the table. To thwm if it hurts the USA oil that's just icing on the cake.>>18017128
I did a minor glance at the company Jesus anon they are getting delisted from the exchange and talks about them getting liquidated...... If I was you which thank God I'm not I would sell and cut my losses. At least you can write the loss of in your taxes

So exxon, shale.B, and marathon are the trifecta. Got it

>>18017285
BP is nice aswell

>>18008501
OIL is going near 0 you dumb-fuck! Buy Unification before main net.

>>18010798
>Doesn't know of IV crush

I'm so tempted, is it worth it oilbros?

Just really wanna dump $20 or so bucks in worthless OTM USO calls for 2021 or 2022 on the off chance that they increase by a few orders of magnitude in value.
Also any predictions on oil wars soon?

>>18017402
Adding onto that, what would happen to USO in the event of a 1979-style oil shortage? Or oil wars in general?

>>18017402
>Also any predictions on oil wars soon?
Venezuela

>>18017282
I don't think they actually do want to hurt each other...I think that's the cover story they're using to collude and destroy US shale. US has become the world's largest exporter of oil in the past few years and is not beholden to any kind of cartel type agreement like Saudis/Russia seem to want to do. Neither of them wants that. They want to step on US shale and make large cap Western oil companies go defensive so they can control prices again - Russia and the Saudis.

I believe Trump is playing nice because he doesn't really have a lot to use against the Saudis as it stands right now - other than pulling the troops out, which he's doing.

I think, basically what is going on is collusion between Saudis and Russia to destroy US oil. Question is, how long are they going to play this game before something gives. I think they can probably ride it out a year, maybe 2. But when the US pulls out of SA I think it's going to be bad for them. Iran (Russian ally) and Yemen want to spill Saudi blood, and the US was pretty much the only thing stopping them until now. KSA doesn't have many real allies in the region AFAIK, if it has any real allies at all.