OIL

[Anonymous No.18353157]

EVERYTHING OIL

[Anonymous No.18353239]

Already got that HAL last week. Feelin comfy with it

[Anonymous No.18353284]

>>18353157
Got my GUSH and UCO and MRO plus a few calls for the first of January. I am ready.

[Anonymous No.18353553]

>>18353239
you are pretty based

[Anonymous No.18353714]

>>18353157
I'm in TK and TNP to ride this oversupply and subsequent mass freight shipping. Don't matter what OPEC does now, we know if they cut production it'll be lip service nothingburger. Weoilglutnow

[Anonymous No.18353751]

they're not going to reach a deal

[Anonymous No.18353786]

>>18353157
who is he calling 0_0?

[Anonymous No.18353935]

I don't seem to understand how GUSH is at ~$25. It seems too good to be true?

[Anonymous No.18354087]

>>18353751
Why not

[Anonymous No.18354093]

>>18353239
up25% already on my HAL

[Anonymous No.18354104]

>>18353786
>dump eet

[Anonymous No.18354189]

>>18353239
Feeling comfy on my HAL and OXY

[Anonymous No.18354222]

>>18353157

Vladimir? Igor Bogdanoff speaking. Doomp ze oil.

[Anonymous No.18354433]

>>18354222
Checked and kek

[Anonymous No.18355061]

>>18353157
hope they finnaly cut production im all in on oil

[Anonymous No.18355079]

>>18355061

[Anonymous No.18355224]

>>18353157
Should I buy more xom? Its at 42? I pretty sure it might dip more.

[Anonymous No.18355266]

>>18355224
if you're pretty sure it will dip then why would you buy now? if you're unsure then average in 25% or 50% now and then the rest when it dips.

[Anonymous No.18355277]

>>18353239
Schlum(((berger))) is doing pretty good as well

[Anonymous No.18355280]

>have $34 shell put
>spikes 45% a few minutes ago despite shell value jumping to $36 today
(they) decided to buy puts I see. Guess I'm holding this shit till next week

[Anonymous No.18355318]

>>18355266
I just doubt theyre going to come to an agreement and want to buy more but if it dips under 40 id rather wait.

[Anonymous No.18357053]

>>18353157
https://www.google.com/amp/s/www.cnbc.com/amp/2020/04/08/opec-expectations-for-oil-deal-remain-low-ahead-of-crucial-meeting.html
Boys, it might dip alittle or a lot more.

[Anonymous No.18357446]

>>18353157
>There are anons out there whomst didnt buy XOP or GUSH

[Anonymous No.18357459]

Anyone else got GUSH calls? Are you selling prior to the OPEC meeting or holding?

[Anonymous No.18357491]

>>18357459
I have various calls on the industry and I’m holding, obviously.

[Anonymous No.18357499]

>>18353239
>bought at 5
>sold yesterday at 8.65
I don't know if I did a good thing or had an oopsie yet

[Anonymous No.18357506]

>>18353751
They would rather be in the black during a pandemic and don't have much leverage if the US just tariffs oil

[Anonymous No.18357509]

So as far as I can tell the oil market is minimizing and Russia/Saudi Arabia are trying to use their strongest magic to reverse that process. Also they can't stop bickering. Correct?

[Anonymous No.18357514]

>>18357459
I’m considering selling in the next hour but it started pumping. Should we all wait and see for tomorrow?

[Anonymous No.18357526]

>>18357509
They wanted to flood the market with oil to take out US producers but that strategy is unlikely to pan out.

[Anonymous No.18357621]

>>18357526
fucking spazzes

[Anonymous No.18357781]

So is oil going up or down lads? What's the safe play here?

[Anonymous No.18357849]

>>18357781
safe play right now is diversify and stick something up your ass to wait this out

[Anonymous No.18357948]

>>18357781
Doesn't matter where it's going what matters is that it's cheap

[Anonymous No.18357985]

Xom
Mur
Rdsb
Pbf
Clr
Uso
Had them cheap couple weeks ago,currently at 1700 profit total
How long do I hold? Six month? Two years?
is there any chance of the barrel being over 50?

[Anonymous No.18358013]

>>18357781
$50 a barrel by the end of the week

[Anonymous No.18358030]

>>18357985
$50 barrels aren't happening any time soon. Like a year out. Tankers are already fucking full and dumping them

[Anonymous No.18358033]

>>18357948
Then what would you recommend? I want to avoid the more risky etfs and lower mcap oils companies, US shale out at the moment as well- I'm worried they might go under even if a deal is reached.

[Anonymous No.18358049]

Is it worth buying XOM or GUSH right now, or did I wait too long and shit the bed?

[Anonymous No.18358100]

>>18358049
You should have bought $10k in XOM calls like a week ago.

[Anonymous No.18358105]

Gonna follow OilAnons advice and wait a week or two for oil to bottom then reassess.

[Anonymous No.18358158]

>>18358030
How about some interventionism to speed things up

[Anonymous No.18358180]

>>18358049
I put 8K into XOP on last tuesday and im up bigly

[Anonymous No.18358196]

>>18358049
I think it's too late tbqh.
When this many people are talking about it, you know you missed out.

[Anonymous No.18358202]

>>18353157
Houthis say high!

[Anonymous No.18358209]

Who's gonna spoonfeed me on GUSH?
How the fuck was it ever 75k? Why did it drop from 1.5k in January to a few dollars? It can't JUST be the Saudi trouble, right? How high can we realistically expect to go again?

[Anonymous No.18358271]

>>18358209
reverse split newfag

[Anonymous No.18358278]

No fucking way the meeting goes well.

[Anonymous No.18358303]

>>18358209
Look up triple leveraged ETF, they always lose money over time

[Anonymous No.18358439]

>>18355280
instead of being privy to info from some all knowing financiers, you are probably just sitting on top of a market inefficiency.
I'd dump on them if I were you.

[Anonymous No.18358454]

Long EPD TOT FANG

[Anonymous No.18358555]

>>18358278
Even sand merchants know that when there is nowhere to put the oil, its time to slow the pumps

[Anonymous No.18358635]

>This pump
LETS GO BOYS!

[Anonymous No.18358686]

pamp it pamp it !

[Anonymous No.18358718]

>>18358555
> No cuts from meeting
> Trump places oil tariffs
> Oil jumps up for a week or two
> OilApocolypse.jpg. Dump oil to $10/bbl
> US Media goes crazy on trump for artificially pushing oil prices up on Americans
Surely this isn't the plan...

[Anonymous No.18358797]

>putin has 2 bottles of water

[Anonymous No.18358815]

>>18358718
If the OPEC+ parties do not already have an agreement in place, they would have just called off the meeting.

[Anonymous No.18358817]

Can you oil bros tell me how screwed are my natural gas positions if this meeting falls through?

[Anonymous No.18358935]

>>18358718
>oil producers would rather burn the unsold oil in a big hole than cut production and increase profits

[Anonymous No.18358955]

>>18358817
The american BRAP market is fucked, all the burger joints are closed

[Anonymous No.18359115]

when should i fill my heating oil tank /biz/?
it's almost empty but i can wait a bit more

[Anonymous No.18359121]

>>18353935
reverse split

all direxion shit is a scam

[Anonymous No.18359145]

>>18357985

[Anonymous No.18359207]

>>18358935
Short term? You're right. I'm thinking the long game. What does OPEC hate more?
> Making shitty profits for awhile
> Screwing US oil production for several years and forcing the USA to buy oil from them again (aka leverage)

Don't get me wrong, the OPEC Sand People hate everything. They hate each other, they hate Russia, the only thing they are truly unified in is hatred of America / the west and their love of getting oil money. I can totally see them pulling a "china says their fine, no cuts sorry lol" OR they do some kind of token 10m bbl/day cut, which wont affect things.
If you go back to oil anons posts, even if they do a cut we're still looking at full storage. Oil wells don't really "turn off" overnight, so if you were forced to burn oil anyway; why not screw over someone in the process?
>>18358817
Gas will probably follow the general energy sector, when demand comes back so will everything else.
>>18359115
If Oil Anons math checks out (so far, looks like it does), End of May to June we should see this kick off.

[Anonymous No.18359272]

>>18359207
>when demand comes back so will everything else

Will demand come back though because I got into OKE expect it bounce back to 70 dollars a share but nothings really happened.

[Anonymous No.18359352]

>>18359207
>End of May to June we should see this kick off.
are you saying the price will keep going down until then?

[Anonymous No.18359693]

>>18359272
OKE looks like mostly pipelines
>>18359352
Original thread is still up here:
>>18235163
IMO, crab until the supply glut cant be ignored anymore, then crash hard. WTI went up 20% on a Trump tweet, imagine what an actual crisis will do. I'm not OilAnon, just a <1k poorfag who's trying to become less poor; but the numbers he ran really do seem to work out...

[Anonymous No.18359756]

>>18359272
*OKE looks like mostly pipelines, you'll probably see $70 again but could be a few years. I'm personally expecting another market dip of 10-20% before we bottom, but honestly not as sure now with Jerome pumping McTrillions and the general clown world running things now.

[Anonymous No.18359869]

So I essentially said fuck it and took a gamble with a lot of UCO in case the deal gets pushed through. The potential profit outweighs the potential loss far too much to pass up. Assuming the deal fails however and I gotta sell, how low does it have to go until it is perma-buy due to future rising and recovery versus how much I could lose if oil keeps falling past that? I don't give a shit about ETF decay when the upswing in the future is so damn high.

[Anonymous No.18360386]

>>18358180
>sold my absolute retard tier slb calls, 19$ exp may17 or so,, from two weeks ago because it went up 30% on monday

[Anonymous No.18360407]

>>18360386
oof

[Anonymous No.18360439]

>>18360407
I went back in on mro around 2 though at least. Fingers crossed that the Saudis would rather not commit suicide

[Anonymous No.18360535]

Y’all are retarded for buying. Oil is about to dump within the next month or two when storage is maxed out. WTI is going below 10 maybe even negative. That’s the time to buy.

[Anonymous No.18360615]

>>18360535
Sell tomorrow then buy puts a month out then buy the bottom
Imagine not making all the money

[Anonymous No.18360624]

is holding GUSH for a few days bad?

i retarded

[Anonymous No.18360709]

>>18353157
I saw a new story where farmers are literally dumping oil down the drain because they can't sell it rn

[Anonymous No.18360730]

>>18360709
Literally why not just turn the pump off

[Anonymous No.18360768]

>>18360730
Oil wells aren't like a faucet, you turn them off they might not come back on, or at the same amount as before.

[Anonymous No.18360780]

>bought UCO and HAL around noon along with some calls
>they’re mooning
Holy crap I did something right

[Anonymous No.18360896]

>>18360768
>>18360780
R8 my mro and uco calls

[Anonymous No.18360924]

when until 60 buck? thats when I sell

[Anonymous No.18361020]

>be me
>Buy SSL at $2
> Worth $4.07
Already doubled my money. Sell or hold?

[Anonymous No.18361031]

>>18360535
I agree. I sold HAL, USO and OXY today.

[Anonymous No.18361075]

DCP

DCP

DCP

DCP

[Anonymous No.18361092]

>>18359869
Im in the same boat.
Sold about 1.2k USD of my bitcoin holding last friday.
Bought USO before donnie pumped,
Later in the day said fuck it, sold my USO and bought the leveraged UCO. Bought almost at the end of the pump unfortunately.

Not gonna lie, the steady decline in oil from monday to today, ate all my gains and then some. My UCO position is at -17%

UCO is at 2.38
I have a stop loss set for 2.23

The meeting is at 10am EST

Im going to let this bitch ride tomorrow.
Will likely sell at end of day if it moons,
Else my stop loss will catch me.

[Anonymous No.18361281]

>>18361092
To add to that,
I think in a short timeframe (1-2 months) oil will moon because of good news/ tariffs

Medium time frame (3-9 months) it will fall due to contango and oversupply/overproduction

Long-term (9-18 months) will gradually recover.

Oil has been at historic 18 year lows...
I think 5 years from now you could stand to make good gains.
50 years from now robo-space-daddy Musk will have the fossil fuel industry fucked if we haven't run out of economical oil wells by then.

But Im looking to make short plays and reinvest back into BTC before the halving, which is in like 30 days.

[OilAnon No.18361412]

>>18359207
Hey look ma I'm internet famous.
Thanks for actually checking my math fren' that means a lot.
>>18361281
Do you really think we get good news out of the OPEC+ meeting? I'm in agreement the market will likely continue its rally until the reality of this farce of an OPEC meeting blows over, but good news(that would last more then an hour before being contradicted) coming out of it? Outside of tariffs of course which will rally the American market(especially shale).

[Anonymous No.18361465]

>>18353935
>tfw bought a thousand shares when GUSH was in the gusher
>reverse split left me with 29
>tfw up $200 since then.

Feels tb.h, to be quite comfy with you fa.m.

[Anonymous No.18361467]

>>18361412
Wouldn't OPEC just cancel the meeting if they didn't have a deal on the table?

[Anonymous No.18361480]

>>18353751
Saudi Arabia is not our friend they will try and ruin us. There will be no deal until trump calls up king halal and tells him not forget how many military bases we have there.

[Anonymous No.18361484]

>>18361092
>Im in the same boat.
>Sold about 1.2k USD of my bitcoin holding last friday.
>Bought USO before donnie pumped,
>Later in the day said fuck it, sold my USO and bought the leveraged UCO. Bought almost at the end of the pump unfortunately.
>Not gonna lie, the steady decline in oil from monday to today, ate all my gains and then some. My UCO position is at -17%

All you have to do is nothing, and you literally can't not fucking do something.

Stop chasing dopamine rushes and sit your ass the fuck down. Get a few comfy positions in stocks you know are going to go up and stop doing shit. That's literally all you have to do.

[Anonymous No.18361520]

>>18359115
The meeting will go nowhere

[Anonymous No.18361528]

>>18359869
How low?

>>Assuming you're an autist and stick with the leveraged derivative UCO

I'd say when it breaks below 2.00
To be fair its already at damn near rock bottom prices. It has been trading consitantly at around the 17.00 mark the majority of the past 52 weeks.

But I never like holding onto leveraged ETF long term ( no more than a month for me). Unless you have a strong belief that it will gradually rise over time.
Because with decay ( special only to leveraged securities), you lose if it trades sideways and get absolutely BTFO if it falls.

Better to go unleveraged USO for longer term.
Or buy a call option far out.

[Anonymous No.18361570]

>>18353157
What time is the opec meeting?

[Anonymous No.18361612]

>>18361570
10am est

[Anonymous No.18361645]

>>18361612
Thanks fren. Im not expecting a deal. Even with 10-15 mbpd cut it wont change much with zero demand from virus shutdowns.

[Anonymous No.18361700]

TRUMP JUST SAID US WON'T CUT PRODUCTION. WE ALREADY CUT PRODUCTION

exit oil

[Anonymous No.18361706]

>>18361645
You should have learned by now: it doesn't matter if it's actually good or bad. What matters is the kneejerk reaction triggered by either outcome (deal or not deal). Tomorrow should be treated like a short-term play, not like a trend-changing event.

[Anonymous No.18361759]

>>18361700
I think it's the opposite. A deal is coming.
I literally sold some oil today and now I regret it.

[Anonymous No.18361766]

>>18361706
Agreed. If a cut we will probably go +4% maybe even more. Opposite if no deal. Next week i imagine things carry on like last week was.

[Anonymous No.18361776]

>>18361092
>>18361281
>>18361528
I am not invested in crypto...mainly because I feel my stack is too small to play in comfortably profitable amounts that don't lose my ass off if I fail. But this market right now is truly something. I had my hands off of oil completely until now, but I am beginning to understand the power of ETF's. I hope this shit goes a lot lower and the deal fails, that way I can make money on everything else and sell this for a small loss. I don't have stop loss on for now because they might sell it at the start of tomorrow or right before positive news just to fuck people. I will judge what to do tomorrow. But I really hope oil falls badly. My stack is measily, but the sheer return on investment eventually if this hits 1 dollar means I can sit on a thousand shares and make a few grand with super ease upon recovery even if it doesn't return to old high.

I might take your advice on simple below 2 though. But I would like it lower to hold for my stack. Leveraged ETF's are bad only when the market trades sideways. However we are so deep in a glut, that it will likely spike for recovery days and outperform USO. Imo. I figure at super low prices, just how much can I actually get BTFO if oil is below 10 on the market even long term?

[Anonymous No.18361804]

>>18361484
Men are literally made to take risk.
Women on average, successfully reproduce more than men.
Reason?
More men die without successfully reproducing, because women are the de-facto sexual selectors.

It's been shown that in order to have a chance at reproducing men will take on risk to secure resources, and social status.
Even if that meant getting your head caved in.
You can thank the hormone Testosterone for that.

I work a construction job in the heat of Florida, literally wage-slaving away in the hot sun for 17 an hour.
I have been living out of my car for the past 4 months, and plan to finish the entire year that way.

Im relatively young (29 years), so Im willing to take massive risk to make some fucking money.
Worst case I lose one year of my financial life, I have time to make that up.
Im comfortable with a high degree of risk.

How would your investment strategy change if you were comfortable losing 50% of your take home pay on high return investments?

[Anonymous No.18361822]

>>18353284

How do you long those? I can't even trade options with my TD account..

[OilAnon No.18361844]

>>18361467
It's not that simple no deal and the whole hope of stabilizing this fucked market collapses.
They either actually want this deal(with no means of actually getting it) or do not want to be seen as the ones who destroyed it(for obvious political reasons).
Either way they have no way of actually getting said deal related:
https://oilprice.com/Energy/Crude-Oil/Historic-Oil-Deal-On-The-Verge-Of-Collapse-As-Russia-Balks-At-US-Cuts.html
It is already falling apart.

[Anonymous No.18361848]

>there are anons in this thread right now that didn't load up on oil yesterday
Since there's good support at 20, it won't go lower than that if there's no deal. And you can hodl it at those levels until it eventually moons. Conversely, if there's a deal, you're looking at massive profits and a comfy ride to 35-40. There's no long-term risk in buying in at 25. Easy choice, desu.

[Anonymous No.18361849]

>>18361804
Wew, lad. Live the fucking dream then, anon.

I'm not saying don't take risks. Hell, we all take risks even putting a dollar in the market these days. But it makes no sense to bust your own head being impatient. Men also must learn when to leap from the brush, spear in hand, and when to wait for the evening's supper to get just a little bit closer.

[Anonymous No.18361851]

>>18361092
Like this guy says >>18361484, not FOMOing is important right now. Your discipline as trader will make or break you.

[Anonymous No.18361900]

>>18357053

My bet is Russians aren't going to cut production until Trump and his Kike handlers roll back sanctions against Russia.

[Anonymous No.18362039]

>made a grand every day this week
Feels very good.

[QQQ fanboi No.18362112]

>>18361900
+

>>18361480
+

>>18357526
U.S.A. STRONG

[Anonymous No.18362218]

>>18361281
>Musk
ngmi

[Anonymous No.18362219]

>>18361412
Its a close call..

>>The bad
The world is stocked to the fucking gills with oil. Russia and the Saudis are pumping out so much oil, its making the money-printing Fed blush.
Supply/Demand, oil price falls.

It may be in OPEC and Russia's national interest to kill USA oil production.
This will cause small oil firms to collapse and free up market share for the drunk russians and sand niggers to gobble up.


>> The good
Long term the oil prices are not sustainable, so eventually it will rise no matter the meeting outcome.
Short term, Trump may likely impose tariffs which will increase domestic prices and increase foreign prices even higher.

The Texas Railroad Commission (huge player in US oil), and State governments might restrict oil production in response (circumventing the gederal government's legal inability).
Lowet production means higher price.

More importantly, there's literally 12 other members in OPEC besides Saudi Arabia.
All of them with smaller operations compared to the big three.
I have a feeling they are getting sick of this shit too

[QQQ fanboi No.18362241]

>>18362219
Marginal supplier determines price of a commodity product, not the average or median supplier

[Anonymous No.18362326]

>>18353157
Are oil/gas leases worth $. I’ve got a close friend who owns over 400 different oil and gas leases from a inheritance but the amount of info that came with the leases is shit tier. How do I investigate into this. Any firms willing to check this out?
She wants to auction it off with a reputable firm.
They gave her a $400k opening bid estimate.
Please help oil anons.

[Anonymous No.18362343]

>>18353284
Can someone please redpill me on this GUSH shit? Do I really have a chance to turn 25 a share into 750? Sounds pretty fuckin rad my dudes

[Anonymous No.18362461]

>>18361480
Pollitically speaking, they are our allies.
What's in their best interest, nationally, could be another thing.
However we provide them with military might, so they can be king of the sandbox. Wonder if losing that would be worth it.

>>18361706
Very true.
Trades are made on volatility.

>>18361766
4% in one day is a good conservative guess.
I've seen it pumped 30%+ in one day.
Here's to hoping for double digits.

>>18361776
Fortunately for you, I strongly believe it wont go lower than 17-20 a barrel.
The decay will poison drip you over time through.

Use the leveraged ETF for short term plays.
Buy the other stuff for longer plays.

>>18361848
Agreed 100%
We are at damn near two decade lows.
I dont see it falling any further.

>>18361849
Patience is a good quality.
My diamond hands were icing over, as I saw my UCO position at -30%+ earlier today.
Tomorrow my patience pays off.

>>18361900
And I bet we have good news tomorrow.
1.2k USD to be exact. What's your bet?

[Anonymous No.18362478]

>>18362343
Never trust or buy anything direxion. Trust me

[Anonymous No.18362526]

>>18362241
Can you elaborate, please?

[Anonymous No.18362584]

Anyone know what time the meeting is tomorrow?

[Anonymous No.18362593]

>>18362039
Made four grand on Monday, two on Tuesday, and then lost it all today

[Anonymous No.18362602]

>>18362584
10 am EST

Mentioned like 2-3 times already.

Here's to glorious green oil tomorrow.

[Anonymous No.18362615]

>>18362602
if the meeting has good news, do we hold over the weekend or sell at eod?

[Anonymous No.18362618]

>>18362593
Shorting oil or holding another position?

[Anonymous No.18362634]

>>18362615
Depends when your options expire.

[Anonymous No.18362654]

>>18362478
Says you. I'm up $200 on GUSH this week.

[Anonymous No.18362666]

>>18362618
Fucking spy puts cause I'm mentally handicapped apparently

>>18362634
4/24

[Anonymous No.18362695]

>>18362326
>Are oil/gas leases worth $
Yes, she should be getting paychecks from mineral rights and such for leasing the land. Unless no one is leasing right now. You will have to do a lot of research on that. A lot of landman will try to lowball you to get the rights cheap to sell to operators. Go slowly through this.

[Anonymous No.18362729]

R8 my oil boys

[Anonymous No.18362733]

>>18362666
sell by EOD if you made a decent profit.

[Anonymous No.18362744]

>>18362326
probably the worst time to sell those leases. Wait for oil to increase in price.

[Anonymous No.18362786]

>>18362615
My position is 409 shares, 2x leveraged ETF (UCO)
I don't like holding leveraged securities more than a month max.
And I've already held this position over the weekend already.

Im making a short term play here.
Red or green, Im closing tomorrow.
Most definitely green probably between
5% - 10%
A double digit jump lile last Friday would be nice.

After, I may take a long position on oil.
I really do think that it will rise lomg term.
Just don't know if it can grow as fast as a typical tech growth-stock, or like a crypto can.

[Anonymous No.18362807]

>>18361412
Middle Eastern cultures have "Saving Face" almost down to an art form; I can totally see OPEC playing that kind of hand. My gut feeling is that no deal is in their best interest. Forcing the US to buy their oil, even temporarily, is leverage they can't pass up on. Killing US Shale for a few years is even more tempting of a play.

As far as anons here go, I'm trying to get set up for the mega bear on oil, followed by the bull runs on tankers, then a 1-2 year long oil play. Got any suggestions for where to put $600 of play money? This is the kind of thing where you can get awesome returns, and I don't want to miss out.
>>18362461
On paper, yes. The Saudis are our "Allies". Like other cultures though, they very much are looking out for their own interests. Like you said, king of the sandbox. Very long term, the world is moving off oil and no one will care about that patch of desert again. Nearly all of their money comes from oil profits. When the world figures out Nuclear Fusion, Space Based Solar, or some other abundant energy source, it's over. At that point you can just make synthetic oil/gas cheapy, so why buy it from people you don't like?

[Anonymous No.18362819]

Bought 165 shares of USO @ $5.60 so I'm in the red. Whatever, I'll hold for a year if it's red dildos for awhile.

[Anonymous No.18362830]

Redpill me on the whole oil situation. What gives? Who's giving up first? Is there a way to fix this shitshow? Is this gonna crash the dollar with no survivors?

[Anonymous No.18362860]

>>18353157
Alright, the short term oil gains have been pretty tasty but what is everyone looking at for a long term hold?

[Anonymous No.18362870]

>>18362830
saudis overproduce oil, price go down

saudis will 'give up' first after their fit causes more countires to abide by opec cartel

yes

no

[Anonymous No.18362877]

>>18362830
Initially I thought the Saudi’s will flip everyone the bird and say no deal cause they wanna cripple US oil and kill our shale industry. So you’d think oil would tank.
But if the Saudi’s do that and trump actually follows through on tariffs, we’d still see oil moon at least in the very short term. Fucking clown market I swear.

[Anonymous No.18362900]

>>18362860
Long term consensus of /biz/ is either big integrated oil majors for long stable divys or taking a chance on some US shales that have good balance sheets.
Majors:
>RDS.B
>CVX
>XOM
>COP
Shales:
>PXD
>CLR

[Anonymous No.18363016]

I’m I invited to the Black Panther Party...?

[Anonymous No.18363025]

>>18362830
Hopefully it crashes the dollar for my UUP puts

[Anonymous No.18363053]

>>18362807
I agree that dirty energy is on the way out.
And you're right that solar, fusion etc will have fossil fuels BTFO.

However, it will be a LONG time before we wean off of oil.

Like 50-100+ years.

Here's a good video explaining why, from a mathematical/scientific angle:

https://youtu.be/Hatav_Rdnno

Long live United States Oil.


Would die for nuclear fusion tech.
Latest milestone reached March 30, 2020:
https://www.iter.org/newsline/-/3427

Right now in machine assembly phase.

Operation begins 2035
Buckle up

[Anonymous No.18363054]

>>18362819
Buy high. Sell low, you’re making us proud

[Anonymous No.18363080]

>>18362900
I've been looking at some of the smaller ones like CRC with holdings in both, seems pretty risky but they got hit the hardest so they're extremely cheap.

[Anonymous No.18363098]

>>18363053
Even with fusion power, you need to be able to transport the same or more amount of energy potential as a tank of oil or car gas tank. That means small and energy dense material to store. That’s even farther away.

[Anonymous No.18363101]

>>18363054

>that pic

lmfao

[Anonymous No.18363110]

>>18362877
I'd expect USO to moon on tariffs but WTI to maybe just get a mini pump. Either way we're looking at a solid buy for oil until the meeting.

>>18362900
Why is CLR so much swingier than PXD over the last five years, and why did it drop so much more sharply?

[Anonymous No.18363141]

>>18363110
>Why is CLR so much swingier than PXD over the last five years
Not 100% sure but CLR has 1/3 of the revenue of PXD just from quick google search. So probably more risky but CLR i believe does still have a good balance sheet.

[Anonymous No.18363142]

>>18362819
Regardless of tomorrow's outcome,
I believe you stand to profit within time.
It traded above 5.60 in 50 out of the last 52 weeks

Average is around 12.00

Youll be fine.

[Anonymous No.18363144]

>>18363054
Absolutely bullish

[Anonymous No.18363162]

I WANT USO IS IT TOO LATE?

[Anonymous No.18363201]

Ok real talk tho? What are the odds oil gets absolutely raped and goes sub $20, and Exxon goes back to $30

I mean last time I had seen anons like this was, back in the Bitcoin “sure things” days.

So like what if we’re getting played by Donnie Pump and the Sandy boyz?

[Anonymous No.18363214]

>>18363201
I’m in sco. I feel like an ass reading through these posts.

[Anonymous No.18363222]

>>18363201
Very real chances of dumping further. Even a 10-15 mbpd cut wont be enough to reduce supply to match demand even prior to virus shutdown. With the virus shutdown demand for oil is low for at least most of the year. Entirely a good chance oil is holding blow $20 for rest of half of year with or without a deal tomorrow.

[Anonymous No.18363235]

>>18362900
No mro?

[Anonymous No.18363236]

>>18363098
Bingo.

For a Nuclear Fusion Plant it isnt so much a problem, it can power the grid.

For moblie power..
The bottleneck will be battery tech.

Elon Musk doing God's work in that regard.

[Anonymous No.18363268]

>>18363201
It can go down but Exxon is unlikely to follow it down. Either Saudis/Russia cuts or there's oil tariffs. Either way NA oil prices are on the upswing this year

[Anonymous No.18363282]

>>18363236
You can switch to hydrogen powered by cheap nuclear but nobody is even considering something like that, markets & governments are too disorganized

[Anonymous No.18363307]

>>18363053
>>18363098
It's definitely a long way off. I wish we has actually funded fusion, but I'm digressing.
>>18363201
> getting played by Donnie Pump and the Sandy boyz
We 110% are. It's part of the reason I opened a $2 USO 5/1p days ago, even though it's a long call. The world hasn't caught on to oil oversupply reckoning yet though, in fact with jeromes brrrrr printing they might not until it's on top of them. Since we're talking about it here, we're ahead of the normies but maybe not by much; so i'm very keen on playing this, if I can.

[Anonymous No.18363342]

>>18363054
Ah yes charts that are merely measures of population density to trick idiots

[Anonymous No.18363395]

>>18363201
Anything is a possibility.

But I wouldn't put my money on that happening.

Oil is already at near two decade lows.
Any further lower and the stocks themselves will be drilling for oil.

USO which tracks the monthly rolling futures price of West Texas Intermediate oil (aka sweet light American oil),

Had a 52 week high of 13.86

For the first 42 of those past 52 weeks it traded around 12.00
For the following 8 weeks after it declined from 12.00 to around 6.00
It's only trading below 6.00 in the last and most recent two weeks.

Its going to rebound.

[Anonymous No.18363410]

>>18363054
unironically bullish

[Anonymous No.18363424]

>>18363141
Thanks. I'm heavy in major oil companies for the stupid long haul, so I'll grab a little CLR for giggles.

>>18363201
XOM was heavily oversold in the crash so I doubt it'll fall sharply because of oil prices, but it might simply due to sustained low demand. It's hard to tell what consumers will do through the summer this year. There are projections of a global recession, despite what the V recovery people claim. It's very possible that we'll start to just slowly bleed out and end the year below the March low.

>>18363307
>$2 USO 5/1p days ago
That's brave. Good luck.

[Anonymous No.18363509]

>>18362729
Pretty good. I bought a few XOM calls at 42 when it was hovering at 41.00 Made some solid dough today, will probably sell tomorrow if things look like they will moon. Who knows.

[Anonymous No.18363524]

>>18363395
Why would it rebound? No deal and it will tank like the rest.

[Anonymous No.18363532]

>>18363307
That's not stupid at all, nothing wrong with having a put and a call. You won't get a lambo of course.

[Anonymous No.18363565]

>>18362900
You guys should check out PUMP, low priced company with super solid fundamentals, low debt and high cash, can go from 5 to 20 very easily with 40 dollar oil.

[Anonymous No.18363582]

General question for you lads. I am thinking about buying some calls on STNG at around the $30 strike price. If this deal comes through, is the call still worth buying?

[Anonymous No.18363597]

>>18363222
>>18363016
My Man, yeah this is my thinking exactly, and I think your trips confirmed.

Unfortunately if It drops I lose a ton of money.

I mean, what are the odds they cut production
>and oil falls?

Type of shit like when a company beats earnings by 30% and shares drop like a rock shit?

I mean it feels like that to me, I feel very sketchy with my positions.

[Anonymous No.18363617]

>>18363307
I think a short term put on oil is a very astute and shrewd move.

Although a ~20% drop on USO in three weeks is too early in my opinion.

Granted we are down more than -50% on USO this past month.

But that's the height of the oil war.

Its going to slow velocity when good news breaks out tomorrow.

Though after tomorrow's pump, its going to steadily drop / trade sideways until it rebounds about 9 months later.

[Anonymous No.18363674]

>>18353157
Got XOM at $35. Feeling good about it. MbS and Putin better cut it out with their pissing contests though.

[Anonymous No.18363706]

>>18363395
yeah but the reasons for it being at two decade lows hasnt been adrressed? its just artifically being inflated by trump and other bullshit specfulation.

[Anonymous No.18363724]

>>18361612
wrong.
The time took me forever to find and no one else had an answer

the meeting is 30 minutes before NYSE
it’s 9AM EST / 16:00 Moscow

>The meeting is expected to begin at 16:00 Moscow time on April 9https://apa.az/en/azerbaijan_energy_and_industry/OPEC-Secretariat-invites-several-non-OPEC+-member-states-to-meeting-317379

[Anonymous No.18363727]

>>18363524
Im only in it for the pump tomorrow.

After the pump, I see oil falling / going sideways for several months.

Then it will pick up in price as supply diminises, and with oil production slowing.

[Anonymous No.18363731]

>>18362807
Tanker play see >>18353714

[Anonymous No.18363761]

>>18363706
The reason for why its this fucking low...

Do me a favor and watch the news tomorrow.
There might be a meeting in regards to something called an "oil price war".

That may or may not have to do with plummeting oil prices, but I don't know too much.

Let's just watch and find out.

Lolol

[Anonymous No.18363769]

>>18363761
ok

its gonna go lower.
just give it time.

[Anonymous No.18363772]

>>18363727
this


then buy up oil stocks when they start to show improvement in a couple months

[Anonymous No.18363776]

>>18363761
the meeting isnt done. nor have they decided anything.
youre fucking gambling you idiot. or you could just wait.

[Anonymous No.18363791]

>>18353157
>galaxy brain bought GUSH @ 1.50
>GUSH proceeded to fall to 0.60
>GUSH r/s and shrunk my shares like my dick in a cold shower
>oil is now rising
am I still capable of being a galaxy brain or did the r/s fuck me over entirely?

[Anonymous No.18363813]

>>18363706
Because two of the largest producers of oil couldn't come to an agreement over production cuts so they both said FUCK YOU to each other and upped production so now they have to figure out where the fuck they can store the shit because they have so much of it during a period of low demand. Or in stupid terms

To much supply not enough demand price goes down.

[Anonymous No.18363818]

>>18363791
Who knows man. Shit that normally loses you money ends up making you money in this clown market.

[Anonymous No.18363842]

>>18363818
did GUSH change from a 3x to a 2x or was it always a 2x?

[Anonymous No.18363891]

>>18363842
It’s went 3x to 2x after the r/s. Tbh just buy a few and see what happens. At worst maybe you lose $50-$100.

[Anonymous No.18363896]

>>18363724
https://www.reuters.com/article/us-global-oil-opec-cuts/big-opec-oil-output-cuts-depend-on-u-s-others-joining-sources-idUSKBN21P1YM

>> Reuters: Published April 7th at 9:26 am

Reuters says 10 am EST

[Anonymous No.18363932]

>>18357499
any trade where you dont lose money is a good trade brother

[Anonymous No.18363933]

>>18363813
yea this shit still hasnt been adressed.

[Anonymous No.18363951]

>>18363772
I feel like this is true, but also somewhat priced in already... oils are long term dividend stonks. will the supply/price corona demand shock last years?

[Anonymous No.18363992]

maybe addressed in this thread already but its too long to find it

Saudis bought large stake in RDS today.... that must mean at least a good meeting.. however doesnt cure demand side

[Anonymous No.18364003]

>>18363951
Did the Spanish flu last years?

[Anonymous No.18364014]

>>18364003
not sure, but it also didnt affect the stock market

[Anonymous No.18364038]

>>18360439
bought 10 Jan 2021 $30 call on mro today.
(paid too much $2.44... but up at eod)
Made a few bucks the last time I did this.
Well managed company pulling capex.

[Anonymous No.18364106]

>>18363424
>>18363532
It's at tiny $75 play. Hit me was in the shower, and it feels dumb but who knows.
>>18363617
The storage crisis is going to happen even with a cut, if I'm understanding this correctly. Tomorrow, what i know of ME geopol would say "no deal" and they try to knock out US shale for awhile; but this is clown world.

My mid-term tankers play, I'm thinking Near-the-money oct call options on either TK,STNG,NAT,FRO, or TNP. There's probably others, but those are all of the big ones. It's a challenge because only have <1k to play with, and i'd like to simultaneously play the upcoming oil bear and get set up with tankers while options are cheap.

[Anonymous No.18364122]

>>18361759

Me too; sold half of my OXY calls at a paltry 120% profit. Such a shame, it'll probably moon tomorrow! Already 16.60 AH. Ah well, at least I'll still be making something am I right?

[Anonymous No.18364138]

>>18364106
so if the storage crisis hits expect cheaper stocks and further crashes? so is this a dead cat bounce or am i missing out? saudis just bought 1bil of european oils.

[Anonymous No.18364227]

>>18363951
Priced in?
April 2: Donnie Pump, bullshits on twitter about Russia and the Saudis having make-up sex and agreeing to a deal

United States Oil Fund rockets 60% in two days.

April 5: Meeting between Russia and the Saudis originally scheduled for Monday April 6 is postponed.
Oh and Trump's tweet was discovered to be just high school gossip.

April 6: Market opens and begins the downward fall of USO.

Drops more than 30%

April 8: massive 10% pump at 2pm EST
Market closes at 14%+
Market makers are getting blue balled on anticipation of tomorrow's meeting


Get ready for the double digit pump tomorrow bois.

[Anonymous No.18364240]

>>18364003
No, it was brewing underneath the surface during the war but the full pandemic was under a year i believe. Including second wave.

[Anonymous No.18364367]

AGOA has also been criticized for being "dominated by oil and raw materials" After the enactment of AGOA, "exports have increased by more than 500 per cent from around $8.2 billion then to $54 billion in 2011, although about 90 per cent of these are natural resources, mainly oil," wrote Andualem Sisay.

AGOA contains a clause requiring participating African countries not to oppose US foreign policy

What does this mean for Namibia

[Anonymous No.18364419]

>>18364240
This is it “brewing under the surface” next September starts the full pandemic.

[Anonymous No.18364434]

>>18364138
I'm thinking sector specific issue. Oil might crash but like 40% unemployment, stocks probably wont care and money printer goes brrrr.
>>18364227
This almost feels like a shitcoin PnD.

[Anonymous No.18364504]

Who’s in sco and shorting Dow?

[Anonymous No.18364534]

OPEC+ meeting taking place
Sometime between 9 and 10am

Two different news sources have different times stated, and I couldnt find the meeting time on the official OPEC site.

My body is ready for the pump.

[Anonymous No.18364546]

>>18364227
I wish, but I think donnies tweet level is the high for tomorrow if meeting goes good

[Anonymous No.18364610]

>>18363201
its possible but oil is still a real thing every country city and person needs, bitcoin is just made up nonsense (like any fiat currency)

[Anonymous No.18364620]

I bought $10k in GUSH during the worst of the crash. Investment is now up $5k. Should I sell?

[Anonymous No.18364725]

>>18362039
How do you guys do this? I need a day between trades because my cash is always unsettled. Do you have margin accounts?

[Anonymous No.18364752]

>>18358013
Is this the new jewish avian class?

[Anonymous No.18364766]

>>18358303
what happens when it becomes worthless? Do they just can it and make a new one?

[Anonymous No.18364948]

>>18362039
Teach me your ways, anontrader-sempai.

[Anonymous No.18364956]

>>18364620
Yes
Asap
Gush is a double scam

[Anonymous No.18365168]

>>18362807
>When the kikes in charge stop pretending we didn't crack cold fusion unlimited energy tech a long time ago, it's over.

ftfy

[Anonymous No.18365392]

>>18365168
If you had cold fusion unlimited energy it'd make you infinitely more money than fucking dinosaur bones

[Anonymous No.18365479]

>>18362819
Do you understand limit buys, anon. Make the price come to you. These aren't beautiful ladies you're hitting on, they're stinkin' ass bitches. Start treating them as much. I saw USO slapping niggas around all week.

I told that stinkin' ass bitch she wouldn't get the time of day from me for more than 5.26 a share. Sure, she played hard to get all day, but before the close of business she was on my team.

tl;dr-- keep ya pimp hand strong and limit buys are your friend.

[Anonymous No.18365527]

>>18365392
Do you even supply and demand. Unlimited energy drops the price of energy-- and practically everything else-- to absolute zero. We could just automate everything and sit on our asses all day.

[Anonymous No.18365530]

Bought Caltex down under at 24, god be with me

[Anonymous No.18365534]

>The OPEC+ meeting on Thursday via video conference will be followed by a meeting of energy ministers from the Group of 20 nations (G20) on Friday.

Anyone know the time?

[Anonymous No.18365544]

>>18365534
Nevermind got it

>The video conference is scheduled to begin Thursday at 1400 GMT, or 10 am Eastern time, according to Reuters.

[Anonymous No.18365548]

>>18365527

If you could protect the tech and production of said energy you could set the rate for the supply, much like the oil cartels do now. Fusion is quite sophisticated, I'm imagine the first country to get their hands on it is going to cling to the tech and ward everyone else off as long as possible.

[Anonymous No.18365570]

>>18365548
You're aware our government already has patents for LENR engines, correct? This shit already exists, but its treated as disruptive technology and is heavily suppressed.

[Anonymous No.18365607]

>>18365570
Take your medicine

[Anonymous No.18365654]

>>18365607
I mean he’s not half wrong, there are massive nuclear fusion projects being made but the world governments put piss all money into it, so we’ll only get them by like 2040 if they even work.

[Anonymous No.18365698]

>>18364610
>he thinks utility has anything to do with oil price
enjoy going broke lol

[Anonymous No.18365702]

Lesson learned. Screen shot saved to use as a reminder to control the impulse.

[Anonymous No.18365704]

>>18365654
It's literally a google search away for him. I don't have time to spoonfeed faggot NPCs.

[Anonymous No.18365722]

>>18365704
>>18365654
Having stellarator reactors in 20 years is not the same thing as having widespread fusion tech being controlled by the US government by the cigarette smoking man

[Anonymous No.18365741]

Putin doesn't think the US companies ceasing production due to costs counts as production cuts. Expect nothing tomorrow.

[Anonymous No.18365745]

>>18365702
Just to show you i'm not bullshitting you.

[Anonymous No.18365821]

>>18365722
I prefer the general fusion steampunk reactor.

[Anonymous No.18366016]

>>18365479
Another newfag here. Wouldn’t that kind of limit buy present a problem though if the stock in question is tumbling (so you might limit buy it at that lower price, then it continues to fall)?

[Anonymous No.18366129]

>>18366016
Stocks always rise and fall. Look at their charts. The point is, catch it at an ebb instead of a flow, to maximize your return. Set a reasonable buy in price you're relatively certain the stock will hit that day, then be patient and wait. If the stock is being a total bitch like USO has been all week, treat her like the bitch she is and low ball the fuck out of that skank. I think i'm the only anon i've seen this week who's posted USO and managed to make that stinkin' ass bitch show a profit.

Depending on the number of stocks you're buying or selling, you could be cheating yourself out of tens, maybe even hundreds of dollars every penny difference in a stock price. Be patient, wait for the price to come to you.

[Anonymous No.18366144]

lads when is the oil meeting, im assuming it will have already taken place by the time US markets open.

[Anonymous No.18366150]

https://twitter.com/business/status/1248103611965624320
>Oil demand has collapsed by as much as 70% in India, the world’s third-biggest consumer

[Anonymous No.18366158]

>>18366129
>USO

What’s your game plan for tomorrow?

[Anonymous No.18366169]

>>18366144
Around 10am eastern someone said.

[Anonymous No.18366179]

>>18366150
>https://twitter.com/business/status/1248103611965624320


no surprise, the whole country is on lockdown. It's only temporary.

[Anonymous No.18366215]

>>18365745
>>18366129
We’re going to make it

[Anonymous No.18366321]

>>18366158
Watch like a hawk and if it sinks buy more from panic sellers and hold, if it skyrockets sell at first prolonged plateau or sign of downturn

[Anonymous No.18366361]

>>18366158
>>18366321
Unironically this. The world still runs on oil. The price will go back up. These are accumulate prices. Im in this thing for the long haul.

[Anonymous No.18366369]

>>18354222
>It will be done.

[Anonymous No.18366395]

>>18366215
My nigga. Goddam, you must've kept the pinky ring on when you smacked that bitch.

[Anonymous No.18366425]

>>18366144
>>18366169
it is at 9:00 eastern, 30 minutes before NYSE opens.

it’s 14:00 Moscow time

https://apa.az/en/azerbaijan_energy_and_industry/OPEC-Secretariat-invites-several-non-OPEC+-member-states-to-meeting-317379

[Anonymous No.18366459]

tfw stonks & chainlink go down
oil goes up
make a profit and get a 1K stack all in one day

[Anonymous No.18366487]

>>18353157
this is all a distraction. the euro lost value. its at a single american dollar level

https://www.bloomberg.com/markets/currencies

europe is kill. they wont be able to afford anything

[Anonymous No.18366509]

>>18366487
bueno

[Anonymous No.18366519]

>>18366487
They should just turn on their money printers

[Anonymous No.18366535]

>>18362729
Most normie portfolio I've ever seen
>no mfa
>no fang
>no pbr
>no cruise lines

[Anonymous No.18366577]

>>18365821
Based & Molten Lead-Lithium Pilled

[Anonymous No.18366582]

>>18363342
But it's not wrong though

[Anonymous No.18366586]

>>18366425
Good source.

I have another source that published the same day.

https://www.reuters.com/article/us-global-oil-opec-cuts/big-opec-oil-output-cuts-depend-on-u-s-others-joining-sources-idUSKBN21P1YM

>>OPEC+ is due to hold a video conference on Thursday at 1400 GMT,


So.
>>18366169
>>18365544
>>18366158


Source 1: Meeting starts 9:00am EST
Source 2: Meeting starts 10:00am EST

[Anonymous No.18366633]

>>18362729
I fucked up & im late to the party anyways.
I went with KOS & a few XOM to play with this, all this morning.
Now to see what happens tomorrow.

[Anonymous No.18366635]

hi, brainlet here. could someone explain to me how you can "kill" shale oil (other than with a political ban)?
wouldn't you just have stronger companies take their place? isn't it better to keep zombie companies hanging around?
don't know much about oil. but it's interesting.

[Anonymous No.18366661]

>>18366633
Forgot pic

[Anonymous No.18366685]

>>18353157
How come Putin gets 2 (two) bottles of water?

[Anonymous No.18366707]

I am an advocate of an energy-backed currency

The technocrats had that great idea.

The closest we have to that would by the US petrodollar.
But that's several abstractions away from the real deal...

Money based on joules, not fiat.

[Anonymous No.18366738]

>>18366586
Meeting starting off so bad that no one even knows when it will start!

[Anonymous No.18366772]

>>18366425
No matter what happens at the meeting, there's a guaranteed shitstorm going down tomorrow.

Maybe the chaos has become a part of me now, in the midst of this crisis, but I gotta say...

Feels comfy, man.

[Anonymous No.18366782]

>>18362729
>>18366633
You were late to the XOM party, but even now its not too late to buy MRO.

[Anonymous No.18366795]

>>18366685
To signify the two genders.

[Anonymous No.18366832]

>>18366586
oh shoot nice, thanks I missed that link.
I had been searching for a week until I found this one >>18366425 about 10 minutes after they published it.

>>18366586
good luck on your positions tomorrow

[Anonymous No.18366833]

>>18366635
Large US firms need oil to sell for around 45 USD a barrel, to break even.

Oil is selling for 22 USD a barrel.

Firms are forced to operate at a loss.
Firms see cash on hand depleting.
Firms forced to take on debt / cut back to operate.

Ideally supply would gradually decrease as firms scale back, causing prices to rebound due to higher demand/supply.

Saudis and Russia being assholes, preventing supply from dropping...

Which means the forns with the largest bank roll wins ovet time.

Eventually Firms cease operations.
Russians and Saudis capture the now waning market share.

Saudis and Russians stop pumping oil when they feel like it.

US firms now have to restart, pay all the costs to prime and reopen wells etc.

Re enter market with less market share and less capital.

[Anonymous No.18366872]

>>18366635
You dump oil at a loss until almost all of them go belly up, then you raise prices into the profitable zone but not so high that re-opening shale operations makes any sense at all. Shale is expensive, and even more so than traditional wells, shutting a well down is nearly a permanent operation.
This forces the US to either be more reliant on foreign oil, or heavily subsidize shale. Either way the US is trolled and the Saudis and Russians win. The only way to win against this is through hard ball. That means using some kind of military leverage. Problem being the sauds are technically allies and pissing off Russia is a bad idea for many reasons. This is why some are speculating the new "war on drugs" will be used as cover to basically invade Venezuela. That would be based, but I don't think it's going to happen.

[Anonymous No.18366875]

>>18366782
What is a good price to buy MRO right now? $4.07 or should I set it to $4?

[Anonymous No.18366895]

>>18366833
Welcome to 4chan,
refugee.

Please don't double
space your posts.

It's

very

Annoying

To

read

[Anonymous No.18366912]

>>18366872
Could put continuously adjustable tariffs on Russian and Saudi oil to make it $50 a barrel to enter our market

[Anonymous No.18366917]

>>18366738
Irrelevant.
As soon as the gates open 9:30 am
We're going on a rocket ride.

409 shares of 2x leveraged Ultra Crude Oil are ready.

[Anonymous No.18366935]

if russia and putin say they'll lower production but don't, how is anyone going to know anyway?

[Anonymous No.18366943]

>>18366917
this!

i’m turning in early to make sure I’m sentient for market open

[Anonymous No.18366949]

>>18366912
That's the "heavily subsidize shale" option. It's probably what Trump will do even though it's retarded. Then again, the shit the fed has been doing is totally retarded too so it fits with clown world economics.

[Anonymous No.18366951]

>>18366875
Anything at or below 4

[Anonymous No.18366977]

>>18366912

Which would drive up our domestic oil prices to meet that 50 USD a barrel price.

So our if youre holding US oil,
Your position would become very profitable.

[Anonymous No.18367015]

>>18366935
Good question.
I don't know for certain.

But I think consulting customs would be the first step.
Im sure there are ledgers of what is being imported and exported out of a country.

[Anonymous No.18367033]

>>18361020
I sold ssl yesterday expecting them to go down again and ill pick up a long position

[Anonymous No.18367038]

>>18366917
>>18366943
See: >>18366895
Also lurk moar, niggerfaggots. Shit like
>this!
Is cringe and söypilled.

>>18366977
>>18367015
You can reply to more than one post at a time. Double posting is bad form because you're wasting 0.3% of the bump cap.

[Anonymous No.18367042]

>>18367038
I see you took a break from posting gay porn to come fellate yourself in this thread

[Anonymous No.18367067]

>>18367042
The fact that I jerk off to gay dragons is beside the point. Redditors will be mercilessly harassed until they at least try to learn imageboard culture. I'm being obvious about it, but more often than not you'll just be endlessly fucked with.

[Anonymous No.18367081]

>>18353157

[Anonymous No.18367090]

>>18366872
Rofl lmao why would we do that???

https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_production

80 million barrels world wide

USA is number 1 at:
15/80 million produced

Venezuela is number 10 at:
2.2/80 million produced.

[Anonymous No.18367115]

>>18367038
What new retarded type of janny is this??

[Anonymous No.18367176]

you guys wanting to know the time act as though the news won’t be priced in 30 mins before the meeting, my bet; up a little then back to accumulation at 20-22

[Anonymous No.18367218]

>>18367090
Because the reason the US is an exporter is expensive extraction techniques, and the reason why shale was profitable was price fixing by OPEC. They say they don't fix prices, but they regulate supply which is fixing prices by proxy.

>>18367115
Jannie, dumbass. Your newfag is blinding.

>>18367176
This is a fair assessment. The pump today was probably most of what we get unless everyone agrees to limit production to almost nothing while the glut is cleared. I don't see this happening.

[Anonymous No.18367290]

I don't see the Saudis making a deal. They refused to make a deal with OPEC during the Great recession.

[Anonymous No.18367305]

>>18367176
The June future is around 30, so we will reach 30 at some point before rollover.

[Anonymous No.18367320]

>>18367290
They will when Bibi calls them up. Saudis are Jewish slaves.

[Anonymous No.18367391]

>>18367218
I don't see military intervention for a small fry like Venezuela.

The big boys are where it's at.

Saudi Arabia is number 2 at:
12/80 million barrels globally

And Russia is 3rd at:
10/80 million

Combined they are almost a quarter of the world's oil production.

Saudis are our allies, and we will not engage Russia with military.

So we're going to sanction/tariff this situation if it comes down to it.

I remember when we didnt have ID numbers, and you couldn't tell who was self bumping or samefagging a thread.
Could only tell anons apart by their posting style.

And you seem to believe there's only one way to post. Sad.

[Anonymous No.18367721]

Most countries break even price is $60 right?

Oil is $20 so why aren't you buying and holding USO?

[Anonymous No.18367768]

>>18367721
At $20 it’s a great buy, I’m Probly being greedy not buying at 26 and will regret it, especially with the economy looking to open up soon but let’s see

[Anonymous No.18367850]

Rate my Oil stocks:

XOM -25%
RDS-A -23%
OXY -65%
HP -60%

I may have bought in too early.

[Anonymous No.18367919]

>>18361412
Analysts at Credit Suisse outline five potential outcomes from the meetings:

• 1) NO OPEC+ DEAL (5%): Russia and Saudi talks will break down – Brent could be pushed lower to ~USD 20/bbl

• 2) NO US DEAL (20%): If the US refuses to partake, Russia and Saudi will also ditch talks – Brent could be pushed lower to ~USD 20/bbl

• 3) A “LARGE” DEAL (20%): around 15mln BPD cut from current levels supported by OPEC+, US and other producers for at least three months with possible extension – Brent could rise to around USD 35-40/bbl.

• 4) A “SMALL” DEAL (35%): Immediate OPEC+ cuts of 12-13mln BPD; US offers mild reductions in Gulf of Mexico and Shale output and the purchase of oil for the Strategic Petroleum Reserve (SPR) – Brent could see USD 30-35/bbl.

• 5) AN “EVEN SMALLER” DEAL (20%): US relies on natural output reductions and offers to purchase around 0.8-1.0mln BPD for the SPR. Brent could meander below USD 30/bbl with scope for a rise to ~USD 35/bbl should US production markedly decline naturally.

[Anonymous No.18367984]

>>18367721
Break even price depends on the source, for the Saudis its probably not even $10, for Shale/Oil sands its closer to $45 - $55, other sources vary on type of well.

[Anonymous No.18368001]

>>18363992
source ?

[Anonymous No.18368074]

what time is the meeting bros?

[Anonymous No.18368119]

>>18364766
They Inverse split, eventually they are going to split enough times that your money becomes worthless

[Anonymous No.18368144]

>>18368074
About 5 hours

[Anonymous No.18368164]

>>18368001
Just google Saudi Royal Dutch Shell, it’s real, too bad they’ve already rocketed up so much or I would buy some, maybe if it collapses later today due to deal breakdown

[Anonymous No.18368176]

I have a put on 30 bucks on brent, big premium so i am very very afraid, thinking of closing it

[Anonymous No.18368181]

Sorry guys, /newb/ here, i want to buy some oil shares through Robinhood, but I understand the market is closed. If I place an order right now, will it be the same price? Or does the market start off with different prices?

[Anonymous No.18368319]

>>18367850
Xom was below 35 few weeks ago
Rdsb was like 11 a pop and still a bargain why pick rdsa? You pay taxes to morocco land
oxy should be bankrupt with a ppb under 45 but it pumped for some reason
Dont know that one
Too late Id say

[Anonymous No.18368356]

>>18368319

[Anonymous No.18368382]

>>18368181
pre-open market will change the prices.

Monday-Friday — EST LISTED
06:30 - 09:30 — Pre-Opening Session
09:30 - 16:00 — Core Trading Session
15:45 - 16:00 — Closing Imbalance Period
16:00 - 20:00 — Extended Hours

[Anonymous No.18368422]

>>18368181
it is probably in your best interest to wait and watch the pre-market.

the meeting is taking place during or just before the market opens. at least you will be able to see an upward trend (which you can ride up if you’re quick enough), or a downward trend (which you’ll be able to avoid due to not purchasing.

be careful buying and selling the same stock in the same day, or more than 4 transactions in a 5 day moving time frame otherwise you can be labeled a day trader and you will have new restrictions on your account like a minimum balance of $25K

[Anonymous No.18368443]

>>18368181
also watch and refresh this before/during market open
https://www.google.com/search?q=%22OPEC%22+%22meeting%22&prmd=nvbi&source=lnt&tbs=qdr:h&sa=X&ved=2ahUKEwjCwvPU9droAhXEpJ4KHde2DOMQpwV6BAgLEAU&biw=414&bih=622

[Anonymous No.18368451]

>>18368356
Fracking techniques are getting better, there might still be time for these
Fang and Devon are solid and ought to blow the fuck up in a year or two.
Do what you want with it
Im not a financial advisor

[Anonymous No.18368656]

>>18368451
>here's some financial advice
>not financial advice btw
come on bro, this is 4chan and we're all anons. no need for that.

[Anonymous No.18368692]

>>18368656
Im not an advisor yes. What I say has no guarantee.
Would you prefer me telling you to pawnshop your kidneys and go all in?

[Anonymous No.18368713]

>>18368692
fuck yes!
done!


plz send address so I can mail you a percentage

[Anonymous No.18368721]

>>18368692
no, your post was fine until the last line.
i know you're not working as a financial advisor.

[Anonymous No.18368909]

>>18366895
This. Thank you for your service

[Anonymous No.18368922]

MRO still a good buy?

[QQQ fanboi No.18368946]

>>18366872
What are tariffs on foreign imports?

Let the Saudis sell to Chyna at $10pb

[Anonymous No.18368979]

>>18368946
you cant have tarrifs on saudi light, you need it to mix it with us crude for production

[Anonymous No.18369039]

>>18368979
BS, you don't have to use Saudi lite to cut Brent/WTI. However without the sand peoples oil, you'll have to use the good stuff from US shale to cut shittier oil. So if you tariff Saudi, then Brent/WTI go up and Canadian Tar goes down.

[Anonymous No.18369096]

>>18369039
i have puts on todays deal in any way, if i loose, i loose big, if i win, i win big, lets see

[Anonymous No.18369117]

>Trump To Monitor OPEC Meeting As Low Oil Prices Hurt U.S. Firms

[Anonymous No.18369147]

>>18366833
Dude you have to go back

[Anonymous No.18369740]

>>18366875
bump for answers

[Anonymous No.18370090]

Welp looks like I won't be touching anything oil related with a fucking barge pole today.