/biz/ - Business & Finance

Where’s Oilanon been?

>>18321536
Agreement will be reached within 2 weeks.
Production cut 15mm b/d.
Brent is going to stay below $30 for 2-4 months.
No tariffs - very bankruptcies.
Oil back above $40 EoY
Oil back above Summer '21

>>18321536

Oil longs are back on the menu boys...

>https://www.aljazeera.com/news/2020/04/rockets-target-oil-company-site-southern-iraq-200406101247125.html

>Rockets target US oil company site in southern Iraq


Venezuela and now Iranian, Iraqi and Saudi production gonna get taken offline soon.

>>18321536
Thinking about investing into oil myself. Idk tho. How profitable is oil stocks?

>>18322398
So no sign of Oxy dropping to $5.5 then? Might just jump in on them now.

I've heard from friends in aircraft leasing that the first companies have been asking to defer monthly payments.

Surprisingly though, it's the bigger names - apparently their reasoning is that they want cash in the bank for buying smaller airlines that are about to go bust. Smaller companied haven't been asking for deferrals on payments, but they probably know they wouldn't get them anyway.

Off-topic I know, but interesting.

>>18322536
>Thinking about investing into oil myself. Idk tho. How profitable is oil stocks?

How does receiving a 10% dividend while you wait to make an inevitable 100% back on your principle?

>>18322573
Sounds cool

>>18322398
so BUY?

>>18322791

Do you have the IQ of a toddler?

This is the most important resource for all civilization, and you can literally buy it for free because of some momentary down cycle in demand due to a Bat flu...

Oil is unironically the future until nations smarten up and start building new generation nuclear reactors.

>>18322828
it will crash more if the deal isnt made...

>>18322874
>pointing out the obvious
thanks retard

a deal will be made eventually.

>>18322874

A deal that benefits every major power in the world is going to be made.

If not this week, a few months later. Now is the buy zone for your favorite oil stocks.

>>18322874
>>18322981
If no deal is made that is good you can dump more into UCO.

>>18323099
A deal comes down to Trump getting us shale to cut production.

>>18323120
it won't be shale, at least not companies like pioneer or marathon.

I think they might shut down production completely because the world is running out of storage. 1 month production shutdown would send oil prices to 100 maybe.

It's almost summer so I think russia might be game to shut down production to a mere trickle because of the warm weather makes it easier on the infrastructure.

>>18321536
Im oil in water sir

>>18321536
Oil will pump into the 40$ area

Im long DCP

Also call options on WES

We gonna moon boyzzzz

teach me

>>18323372
Ok lads.

Get DCP
You will get .39 cents a share 4 times a year. So let’s say you have 1000 shares
$5x1000= cost $5000
1000x$390. X4. $1560. In free money per year. Hold till it’s at $30-$40 and you could sell the 1000 shares for $40,000 and you made money every 3 months holding.

>>18323487
Wtf is it,

>>18323563
It’s a stock. Look up DCP on your stock trading account

I went all in long on APA this morning. Should be nice in a years time.

>>18323487
>$45 per share to $5 per share in less than two years.

>>18323487

Wait a second. What the FUGGG.

How are they paying out a 67% dividend!? That can't be right.

>>18323487
Do you know of any uk oil stocks which have a similar dividend?

>>18323793
I'm doubting it will last. APA just lowered theirs from 0.25 to 0.025

>>18323793

If their cash flows are not impaired than it's a table pounding buy.

Someone redpill me on this before I waste time going over the 10K.

Any oilbros also oil drillers IRL? Pic related.

>>18321536
>>18322210
Oilanon was completely wrong though.

>>18323906

He's a shit investor, he just has some decent general knowledge of the energy industry. It should have been clear to anyone in finance that he didn't know what the fuck he was talking about with his investing calls.

>>18323958
He understands oil, that much is very clear. Very knowledgeable guy at that level.
What he doesn't understand is geopolitics and the extent the US government will go to protect it's oil supply.

>>18323099
American Companies going bankrupt is the what benefits the Saudis and Russians in the long run. You’re only focusing on what helps all 3 in the short run. Oil price wars have happened before, how new are you?

APA has more upside imo but I think any oil is a good buy long term.
https://www.rigzone.com/news/apache_makes_significant_oil_find-03-apr-2020-161632-article/

>>18323906
>>18323958
Wasn't a good portion of what he was talking about involve what's going to happen in the next couple months, not necessarily this week? (With regard to oil storage issues that may occur.)

>>18323958
>niggerposting
kys

>>18324094

GTFO /pol/cel, this is an oil driller thread.

>>18323854
They just cut dividend from .78

It will go back up eventually

>>18323887
It will last. DCP just cut there dividend in half. It should go back up when oil makes a return. That a whopping .78 per share baby

>>18324135
the entire world thinks niggers are ugly, kill yourself

>>18324047
Yeah, it's a slow moving disaster. Once tankers and onshore storage is at limit, there's literally no where else to put oil and the price will fall. Unless they drastically cut back pumping (for geopolitical and $$ reasons, both Saud and Russia likely wont), it's inevitable. World manufacturing will take months to come back online to the same level as Jan, not factoring in market and company financial issues.
Both Saud and Russia would also really like to kill US shale for a few years and force the US to buy oil from them again, and Shale needs to be over something like $40/bbl to be marginally profitable. Until then, everything gets furloughed.

Long term (3-5 years+) Oil is going to be fine, and will stick around until we figure out nuclear fusion, orbital microwave solar, or some other decent future power tech.

>>18324414
Sooo how’s my 5/8 $6 put on USO looking. I’m all good?

>>18323906
Oilanon literally said to ride the hype train on oil by holding oil stocks until the meeting on Thursday before it dumps when no agreement is made. This cycle will repeat for a while and oil will creep lower and lower until an actual deal is made. He hasn’t been wrong at all (yet), but he has been right about something small. No need to judge him either way yet

>>18324657
Right... some of us actually work in the oil industry or know people who do.

>>18324681
since you work in oil, what should we do then?
buy in big now. or wait till storage's are full?

>>18323604
I know but see
>>18323854

>>18324548
Just fyi, I'm not Oil Anon, just a guy who wants to make a long oil play and has been trying to figure how to make a move on it as well.
> 5/8 $6 put on USO
If we crash to <$4 you'll have plenty of ITM profits but I'm wondering if Jerome will work his magic hands and try to crab the market. I don't see how (where are they going to store the oil?), but this market is totally irrational.
> Options calc to help you out with seeing when / how long you'll be in profit.
http://opcalc.com/5T5

>>18324724
I don't, and it's really not earth shattering news anyways. I was told to buy a few companies and hold until December. The general consensus is oil will be up EOY. And the guy I know who works in the business wasn't worried about this Saudi-Russia spat at all. People who think it will bankrupt American oil companies are nuts.
You can try to play this day to day short term volatility for profit, but I don't have the mind for it.