oil chads

[Anonymous No.18370462]

insider here, if you’re long get out while you can

[Anonymous No.18370473]

Nice larp but OPEC will be a disaster

[Anonymous No.18370516]

https://www.reuters.com/article/us-global-oil-opec-kremlin-idUSKCN21R1QL I’ll just leave this one here

[Anonymous No.18370980]

>>18370516
Cap it. Not opening your gay link.

[Anonymous No.18371014]

>>18370980
Russia says it's not planning to talk about oil today.

[Anonymous No.18371462]

>>18371014
why did every oil company open up over ten percent

[Anonymous No.18371699]

>>18370516
So? LOL
There are other people in russian governement, putin doesnt do everything

[Anonymous No.18371728]

>>18371014
are you retarded, Putin is not "russia"

[Anonymous No.18371769]

I would bet on Putin wanting max pain. Putin wants chaos.

[Anonymous No.18371998]

>>18371728
Who are you kitten?

[Anonymous No.18372089]

Gonna full in on crude etf soon.

[Anonymous No.18372154]

>>18371728
>>18371699
el presidente dictator in disguise who is the face of russia doesn't represent russia? oh does the ceo of mcdonalds not represent mcdonalds either?

[Anonymous No.18372157]

>>18370462
>>18371462
>>18372089
Oil Chad here. I went all in on KOS, XON, MRO, PDS when they were all low as fuck
Easiest decision I’ve ever made
God, I feel like a complete chad right now.
I’m embarrassed that I didn’t go for HAL too. Totally forgot about it.

[Anonymous No.18372228]

>>18371769
Putin already said he agrees to cut if USA does it too, the ones getting hurt with the oil crisis the most is the USA so the play its in their hand, if they dont want to suffer and get brankrupt they will accept deal simple

[Anonymous No.18373815]

they cut only 6M barrels, told you fags

[Anonymous No.18373894]

>>18373815
Sauce?

[Anonymous No.18373924]

>>18373815
This>>18373894

[Anonymous No.18374040]

>>18373924
The meeting didnt even end yet, stop spreading fake news fag

[Anonymous No.18374076]

Up to 20M

[Anonymous No.18374171]

>>18370462
Geofag here with strong connections in the industry globally.
This so much.
We're very likely to see close to negative rates by the end of the month.
I personally think it'll stop between $5-10 a barrel.
Good for shorting right now though.

[Anonymous No.18374211]

>>18374171
>Good for shorting right now though.
What you talking about?

[Anonymous No.18374239]

>>18374171
the fed is gonna pump this bitch to 3000$ a barrel.

[Anonymous No.18374301]

Oilchads stay stronk, the meeting is not over

[Anonymous No.18374337]

Never get your news from CNBC you pleb, it’s UP TO 6m, total hence the Sell off . It needed to be at least 15milly

[Anonymous No.18374367]

[Anonymous No.18374385]

>>18371462
https://www.cnbc.com/2020/04/09/oil-jumps-ahead-of-make-or-break-opec-meeting.html

because of bullshit like this^^^

Big media is hyping up big oil for some reason. God it's like a fucking shitcoin announcement. An announcement of an announcement. I didn't know Justin Sun works for CNN

[Anonymous No.18374387]

>>18374211
There's a definite dead cat bounce right now.

[Anonymous No.18374411]

Up to 6 and If you know Russia and the saudis that basically means 0

[Anonymous No.18374447]

>>18374385
they’re just that desperate, unemployment figures hit today so they post of a “possible” 20M cut, it’s a total pump n dump scam at this point, now the markets responded and oils selling off as expected, back to 20-22 by the weekend

[Anonymous No.18374466]

Remember I warned you fags to get out at 26.5. Now 25.3 and free falling

[Anonymous No.18374499]

https://www.wsj.com/articles/russia-and-saudis-have-agreed-in-principle-to-cut-output-11586445159

[Anonymous No.18374555]

>>18374466
god you are self righteous.

Let's talk actual information.

How will the market react to 20m oil cut?
10m oil cut?
6m oil cut?

Also, will this freefall continue? What's causing the freefall? There's a G20 meeting tomorrow that'll also cut oil 5m, probably.

How's Trump responding to all of this?

What's the latest news?

[Anonymous No.18374738]

>oil at down 70% of what it was at the start of the year
>all these fags thinking it will go lower
lmao, its going to be at $50 a barrel by October at the least

[Anonymous No.18374801]

Why the fuck would Russia want to save US oil? The whole point of the price war is to drive out US shale. They've lost a lot of political and financial power because of the fracking boom and they're out for blood.

[Anonymous No.18374829]

>>18374738
>it cant go any lower

Demand is still a huge problem, bankruptcies are still imminent, deal might not go through, storage still a problem.

All in all, we should have sold the top, I just sold and am buying in at around mayjune

[Anonymous No.18374859]

>>18374801

Only anon here with IQ above double digits

[Anonymous No.18374958]

>>18374801
Russia is going to need to start burning its unsold oil if this continues

[Anonymous No.18375000]

>>18374801
this, saudis bought over a billion of NON USA oil stocks a few days back. this is about control and to fuck usa shale while theyre weakened, to gain leverage. Trump knows if oil keeps dropping itll drag the markets down with it, so he'll have to deal.

[Anonymous No.18375134]

>>18370473
>>18371769
>>18374171
>>18374411
>>18374447
>>18374466
>>18374801
>>18374829
So /biz/ says there’s no way in hell it goes up. Reminds me of the time /biz/ missed the bottom.

Always do the opposite.

[Anonymous No.18375176]

>>18375134
Always do the opposite of people who don't back up their claims.

If you're just doing the opposite of what you read, you're no better than them.

[Anonymous No.18375187]

>>18371014
Yeah
I honestly don't know how this surprises anyone.

[Anonymous No.18375213]

>>18374171
>$5-10 a barrel
How so?

[Anonymous No.18375220]

>>18375187
Why did Russia agree to oil cuts

[Anonymous No.18375265]

>>18375220
Russia agreed to negotiations. Think like this: Putin knows Trump will grasp for straws to keep the oil price up. Negotiations in themselves don't mean anything other than (false) hopes. If they end in disappointment, prices crash again and the U.S. is hurt. Exactly what Russia aims for.

[Anonymous No.18375312]

>>18370462
you stupid retards, just move to libya and become a warlord.
Instead of buying an oil company shares, you will own an oil company

[Anonymous No.18375407]

>>18375312
>ywn get isekaied as a Libyan warlord with a harem of arab qts and unlimited oil

[Anonymous No.18375450]

>>18371462
Because all other stocks also opened high. Lmao its a manipulated market and somehow you expect it to move for rational reasons

[Anonymous No.18375512]

Can a non brainlet Oilchad explain to me why the GUSH and SCO charts arent directly mirrored?

Why hasnt SCO mooned?

[Anonymous No.18375554]

>>18375512
Because of speculation

[Anonymous No.18375584]

aaaaaaaand its going up LOL

[Anonymous No.18375589]

>>18375554
ok, but zoom out. They mirror each other historically, was speculation not affecting their prices then?

[Anonymous No.18375741]

>>18375589
Since this crash everyone has been gambling like a madlad, volume is way up. The only thing I can think of is that people feel that prices are so low already that shorting them has alot less potential for gains than GUSH

[Anonymous No.18375890]

Am I gonna make it? Can I finally afford my haram and make a legacy of oil and tomahawks?

[Anonymous No.18376103]

I'm mid-long on FRO
We're gona run out of physical land storage and people will need to rent tankers

[Anonymous No.18376143]

>>18375407
>ywn get isekaied as a cute Libyan uke and experience a rich, handsome warlord seme fall in love with you and discard the rest of his harem for you while you live in unlimited oil luxury

[Anonymous No.18376170]

i have about 20% of my portfolio spread between WTI, HAL, RDSb, and XOM. Am I fucked or going to make it?

[Anonymous No.18376233]

>>18376170
Short term huge gains, mid term loss, long term gains


When is the g20 energy summit?

[Anonymous No.18376240]

Test

[Anonymous No.18376250]

>>18376170
you're gonna make it lad, anyone who thinks oil will got lower than $20 a barrel is retarded

[Anonymous No.18376273]

>>18376103
Which tankers though? I'm on Dht right now

[Anonymous No.18376302]

>>18376250
If demand stays low and production high, it's literally only a matter of storage space. No storage space and you'll get paid for taking a barrel. Negative prices are a possibility.

[Anonymous No.18376340]

>>18376273
FRO and TNK

[Anonymous No.18376373]

>>18376302
They will burn it or turn the pumps off before giving it away for free

[Anonymous No.18376375]

>>18376273
DHT, FRO are both solid. I've got 5300 in DHT. Avoid TeeGay.

[Anonymous No.18376395]

>>18376170
Future robber baron

[Anonymous No.18376494]

>>18376373
they can’t just turn the pumps off easily you brainlet, this shit aint Water

[Anonymous No.18376649]

>>18376494
All they need to do is flip the big oil switch from on to off you fucking idiot

[Anonymous No.18376698]

>>18376649
Bye bye flow.

[Anonymous No.18376735]

>>18376375
>Avoid TeeGay.
whats wrong with TK?

[Anonymous No.18376814]

>MUH MAX OIL STORAGE
kek, why not just build more oil silos? Problem solved.

[Anonymous No.18376911]

>>18376814
>why not just build more oil silos?
takes time, gov't regulations, certifications, etc. its faster to use existing ships that are already compliant and we may not need more oil silos after everything settles down

[Anonymous No.18377031]

WHY THE HELL IS OKE GOING DOWN

[Anonymous No.18377045]

My prediction

- OPEC deal will fail to producr the price increases necessary for shale to thrive
- Trump will slap tariffs on foreign oil

[Anonymous No.18377051]

>>18372228
trump said yesterday that the USA will not cut production

[Anonymous No.18377078]

>>18370516
>>reuters
kek no

[Anonymous No.18377533]

Kek, imagine not being long on oil?

[Anonymous No.18377536]

Checks price, 23,3. Lucky I told you to exit at 26.5

[Anonymous No.18377596]

>>18377533
I'm long synthetically. Sold half my position (calls) yesterday, netted about 10%. Last pump I made 400%. Need the sand niggers to cut production.

[Anonymous No.18377636]

>>18377596
Always good to take profit man. I took about 3.5k

[Anonymous No.18377645]

>>18377536
It was well above 28 this morning, you don't know shit nigger

[Anonymous No.18377657]

>>18372089
>soon

Anon this train is already well away from the station.

[Anonymous No.18377870]

>>18372157
Noob here.
Is there a difference between buying oil and stocks?

[Anonymous No.18377871]

And oil crashed

[Anonymous No.18377912]

>TFW sold oil on the FOMO pump at the start of the week

[Anonymous No.18377944]

Canada is so fucked lol

[Anonymous No.18377953]

Bought XOP at 34 sold at 43, gonna wait till its back in the low 30s next week and do it all over again.

[Anonymous No.18377992]

>>18377953
>Bought XOP at 34 sold at 43
based. this is what i'd like to do but i'm not sure it will go that low again. i have a limit buy order for RDS.B @ 20$/share. doubt it will get filled though

[Anonymous No.18378002]

>>18377912
Same, used the cash to buy SCO and made another 25%. They’re making it too easy.

[Anonymous No.18378082]

Sorry what?

Sold my oxy $17 options when it hit $18.25
Now im buying USO $8 june calls at $5 or less for pennies.

[Anonymous No.18378127]

>>18377992
its been a wild month man, working from home and day trading is pretty fun.

[Anonymous No.18378148]

HAL IS FUCKING MEEEEEEEEEEEEEEE

[Anonymous No.18378188]

>>18378148
They were almost at $9 today, why didn't you sell?
The only thing I'm longing is XOM and a bit of MRO I forgot to set an order for.

[Anonymous No.18378195]

Im down like 60% ($4000) on UOO calls for 4/17.

Should I hodl thru the weekend?

[Anonymous No.18378233]

>>18378195
Sorry, UCO

[Anonymous No.18378306]

>>18378195
I'm in the same boat. Holding, though I don't think it'll get better for us other than a slight mean reversion

[Anonymous No.18378365]

>>18378188
i just woke up right now

[Anonymous No.18378388]

>>18378365
set OCO orders in the future anon, you just pick a price you want to sell at, then pick a stop loss
then you can sleep in all you want

[Anonymous No.18378412]

>oil """"""chads""""""

[Anonymous No.18378425]

>>18372228
>the ones getting hurt with the oil crisis the most is the USA

We have the highest cost of production and living.

[Anonymous No.18378457]

OilAnon was right

[Anonymous No.18378508]

So, when are we buying back in lads? Im thinking next week.

[Anonymous No.18378580]

>>18378457
what did he say?

[Anonymous No.18378757]

I got enough HODLing to the bottom with Link. Fuck this shit im up about $350. Taking my profits see yall niggas next week. Love dont mix with this pimpin.

[Anonymous No.18378759]

>>18370462
FUCK I SHOULD HAVE LISTENED
WHY DID I NOT LISTEN?
ALL MY BEAUTIFULL GAINS!
NOOOOOOOOOO!

[Anonymous No.18378761]

>Trump: No Cuts :^)
bruh...

[Anonymous No.18378806]

>>18378759
yea unlucky

[Anonymous No.18378821]

>>18370462
this post saved my ass, i would of lost all my gains from nrgu and then some if i didn't sell 30 minutes earlier, thanks!

[Anonymous No.18378970]

>>18378457
Like I said last night, his math seems to check out.
>>18378580
> Oil demand is fucked world wide because rona
> Oil keeps pumping, so storages fill up
> Eventually nowhere to put the oil
> The 10m bbl/day cut by OPEC today is priced in, storage's still will fill up sometime between May-July.
> When this happens oil will mega bear since literally there is nowhere to put it
> Tankers will do well once market realizes they're undervalued
> Year or two out, oil goes back to $40+/bbl and full recovery
Some small US shale companies may be kill, supermajors (XOM, RDS, etc.) will be fine, much gains and many plays to be had on this.

[Anonymous No.18379028]

>>18378970
Someone read the goldman sachs report.

[Anonymous No.18379069]

OPEC voting now.

[Anonymous No.18379167]

>>18379028
where to access these reports? is it a subscription or paywall?

>>18378970
i think i was in those threads. copped some FRO after doing some research. I might have to pick up a lot more for short term. what you think? you picking up any tankers? I've looked at more FRO, TNK, and DHT

someone said avoid TNK/TK Teekay, but I didn't see a reason why. fidelity and tradingview are bullish on TNK

[Anonymous No.18379203]

Lmao fucking beaners trying to throw some weight around

[Anonymous No.18379384]

>>18379167
Paywall, buddy of mine feeds me reports from time to time.

From Jeffrey Currie,

The global economy is a complex physical system with physical frictions, and energy sits near the top of that complexity. It is impossible to shut down that much demand without large and persistent ramifications to supply. The one thing that separates energy from other commodities is that it must be contained within its production infrastructure, which for oil includes pipelines, ships, terminals, storage facilities, refineries, and distribution networks. All of which have relatively small and limited spare capacity. We estimate that the world has around a billion barrels of spare storage capacity, but much of that will never be accessed as the velocity of the current shock will breach crude transportation networks first, which we are already seeing evidence of around the world. Indeed, given the cost of shutting down a well, a producer would be willing to pay someone to dispose of a barrel, implying negative pricing in landlocked areas.

Waterborne crudes like Brent will be far more insulated, staying near cash costs of $20/bbl with temporary spikes below. Brent is priced on an island in the North Sea, 500 meters from the water, where tanker storage is accessible.

In contrast, WTI is landlocked and 500 miles from the water. This illustrates an important point. Shut-ins will be not be based upon where wells sit on the cost curve but rather on logistics and access. High-cost waterborne crude oil that can reach a ship (storage we have historically never ran out of), are better positioned than landlocked pipeline crude oil sitting behind thousands of miles of pipe, like the crude oils in the US, Russia and Canada. In 1998, when surpluses last breached storage capacity, it was these landlocked crude oils that were the hardest hit.

1/2

[Anonymous No.18379410]

>>18379384

So while markets like WTI, particularly WTI Midland, or Canada’s WCS can go negative, Brent is likely to stay near cash costs of $20/bbl. Ultimately, the market never hits nameplate capacity, as other bottlenecks are also at play. During 2008 and also in this crisis, dollar funding and credit constraints that prevent oil owners from accessing storage and transportation capacity also played a role. We believe that the Fed’s actions last week alleviate some of this risk, but oil itself creates dollar liquidity given its importance in global trade and setting the price of other traded goods and another sharp drop in oil prices could create additional dollar shortages.

[Anonymous No.18379470]

Mexico rejects cuts, they went on a break now.

[Anonymous No.18379478]

>>18379384
>>>18379167 #
>Paywall, buddy of mine feeds me reports from time to time.
Upload them here please, youd be a hero that /biz/ needs

[Anonymous No.18379534]

>>18379470
define "break"

[Anonymous No.18379616]

>>18379384
>>18379410
I'll fuckin pay for the reports and post em here, i just need to know where to find them. is there a link?

[Anonymous No.18379617]

>>18379534
nevermind... found the twitterstream.
who knew twitter could be useful

[Anonymous No.18379660]

>>18379384
>>18379410
thanks king

[Anonymous No.18379671]

>>18379167
I went with $5 calls on TNP and TK for Sept/Oct. Wish I wasn't a poorfag and could buy more, but if it works out, maybe I'll be less of one.
>>18379384
Stuff that's not priced in:
> China runs into a 2nd wave in a months time and factories get shut down again.
> OPEC/Russia very much would like to see US Shale offline for as long as possible, and make us buy oil from them again.
WTI going negative will be a fun time though.

[Anonymous No.18379698]

So a 10 million cut for two months, mexico agreed.

[Anonymous No.18379890]

>>18379478
I got it as an email forward. I can ask to get the full doc and where exactly he gets it from, but I'd imagine it costs them a lot of money. He works on front street, Canada's Wall Street.

[Anonymous No.18380092]

>>18372157
>not buying all the enbl you could at 1.80
>not getting a still fat dividend
>not literally doubling your portfolio in a week

These spooky fellas need to get on the road to profit town. Everyone is gnashing their teeth and I'm quite comfortable. Thinking about buying a cessna 172 with the profits and then reinvesting again after the next hiccup.

[Anonymous No.18380138]

MY STONKS ARE GOING DOWN
HAL, XOM, XOP
Do I sell now or what?

[Anonymous No.18380156]

>>18379671
If you think the price will keep plummeting, you might want to look into tanker companies. Off the top of my head i can think of a few. TK, FRO, TNP.

[Anonymous No.18380296]

>>18380156
those are puts friendo, I expect them to do pretty well mid term.

[Anonymous No.18380445]

>>18370462
GODDAMIT, OIL IS GOING BACK UP!!! SO HELP ME, ANON, IF YOU JUST FUCKED ME!!!

[Anonymous No.18380530]

>>18380445
kek when an anon doesnt even show his position, don't listen to him.
I'm still long, but i did take 3.5k profit this morning.
>>18377533

[Anonymous No.18380559]

Closed up 40%, but goddamn, I'm still holding. This is so fucked.

[Anonymous No.18380593]

can somebody run the numbers on the deduction of oil because of OPEC ? do we expect a drop to 20 bucks ?

[Anonymous No.18380876]

>>18372157
Went PDS and KOS

Let's see what happens. See you on the other sid

[Anonymous No.18380956]

>>18380593
Well they cut supply by 15% so in clown world that means the price of oil drops, the good part of the clown market is that 16 million unemployed means big stonk gains

[Anonymous No.18381487]

>>18380593
https://www.marketwatch.com/story/tightening-oil-storage-picture-underlines-urgency-for-production-cuts-2020-04-09
> Yawger, director of energy at Mizuho, in a note. “But it would add a few weeks to the ‘full storage’ timeline. Instead of global storage filling in eight weeks, maybe it will take eight to 12 weeks. Maybe China demand will return by then.”
End of May / June target is still in play for oilpocalypse. China demand return is a pipe dream imo. Question is who will win, money printer go brrrr or negative WTI oil prices?

[Anonymous No.18381579]

>>18381487
thanks for the link, currently have puts on both SPY and Brent, so if one of em goes down im happy

[Anonymous No.18381746]

>>18370462
Who here sold this morning before prices collapsed at end of day?

[OilAnon No.18381763]

>>18379167
Most of this info is publicly accessible.
All of the info I used for my analysis was stuff not behind a paywall that can be found with a google search or too if you know the right terms.
>>18378970
Just another tip I'll leave this here as I like you for actually checking my math and trying to independently verify.
https://www.rystadenergy.com/globalassets/pdfs/rystad-energy_covid-19-report_7-april_2020_final-public-version.pdf


As a side note if anyone has a live feed of some kind updating asto the state of the OPEC meeting I'd really appreciate it, so far I've found nothing.

[Anonymous No.18381794]

>>18378002
> the rapist speaks

[Anonymous No.18381859]

Opec agreed to 10 billion barrel cut, OP is rekt

[Anonymous No.18382282]

anyone here use Fidelity? trying to figure out the selections i need to short sell a stock

[Anonymous No.18382315]

>>18382282
You need a margin account to short.
5k minimum I think.
You just type in the ticker and choose "Sell Short"

[Anonymous No.18382347]

>>18381859
it's half of what trump promissed

[Anonymous No.18382378]

>>18382315
i have a margin enable account and over 5k$. i'm eligible to short sell, I'm just sure exactly which drop downs to select:

Action = Sell Short
Order Type = Limit Order? Enter Limit price of what you want to sell at?
How come the Time in Force is limited to same day only?

[Anonymous No.18382382]

TRUMP MENTIONING OIL!!! TIME TO PUMP

[Anonymous No.18382456]

>>18381763
> rystad revised down 27mbpd vs 22.3 mbpd
rofl, Christmas comes early. Need to crunch the numbers but looks like that OPEC cut barely bought any time after all.

[Anonymous No.18382735]

>>18382282
cant, live in uk

[OilAnon No.18383064]

>>18382456
Everything is accelerating, at this rate we might still hit apocalypse in May-early June even with the cut.

[Anonymous No.18383233]

>>18383064
What happens if Oil demand ramps up again in Asia. Oil prices continue to steadily rise and tankers do too?

[Anonymous No.18383267]

>>18372157
No one who ever referenced themselves as a "chad" is a chad

[Anonymous No.18383488]

lmao the mexicans have actually lost their minds

[Anonymous No.18383520]

Ok, so I had a UCO long today with a stop loss at $2.07...

Too afraid too open up the charts... Someone tell me it's not that bad...

[Anonymous No.18383532]

>>18375890
Thats a pretty based portfolio.

[Anonymous No.18383648]

>>18377870
One is for your car one is for your portfolio

[Anonymous No.18385099]

>>18381859
This will not fix the 20-25 mln barrel decline in demand for several years.

[Anonymous No.18385227]

Oil is fucked, the 2nd biggest airline just grounded all flights in my country for the rest of the year.

Its going sub $20

[Anonymous No.18385244]

>>18385227
So should we currently invest in oil

[Anonymous No.18385366]

https://www.reuters.com/article/us-global-oil-opec-mexico-cut-idUSKCN21S03K

Mexico's FINAL offer

[Anonymous No.18385604]

>>18385227
>>18385366
Fuck fuck I'm dumping first thing Monday

[Anonymous No.18385894]

>>18385366
Are they insane?

[Anonymous No.18385947]

>>18385366
BASED Mexico.