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18452810 No.18452810 [Reply] [Original]

I PUT 10K IN OIL YOU FUCKMONGRELS BETTER BE RIGHT OIL BETTER BOOM AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.18452825
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18452825

That picture is fucking cursed.

It looks like me if I don't shower or shave for a few days.

>> No.18452843
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18452843

It will, Mexico will play ball to trump's Saudi cartel.

>> No.18452871

>>18452810
hold for a year and chill you spaz

>> No.18453467

Just don’t panic if it drops a bit, it’ll go up dramatically eventually

>> No.18453585

>>18452810
Its gonna crash to $0.

No one is flying, driving, or working. Large companies are going brk, laying off thousands who no longer need to drive to work.

OPEC has been doing production cuts for the last 4 years to stabilize the market. Oil STILL crashed 50% in a week.

Every country wants a cut of the market share.

Good luck, I guess.

>> No.18453800

>>18453585
Oil can’t go to zero you fuckwit. It’s used for a shitload of other things besides gasoline.

>> No.18453817

>>18453467
This I’m buying on all the dips. Oil will return to 50 on its own. Maybe much higher if any other conflict arises in Middle East or with russia. My gut feeling is that they are tanking prices now and once small shale is destroyed prices will rocket back

>> No.18453879

>>18452810
Brent is going to go down to the $20s for 2-5 quarters.

Then that shit is going to shoot to $50. So it's whatever at this point. Hold it long enough and you're fine.

If you don't bail out now though, you'll lose your chance to trade the leg down that is more thank likely coming. Then again, you won't get fucked if by some miracle OPEC+ decides to cut another 5mil bpd. Protip: it wont'. I seriously doubt those sandniggers will even keep to the 9.7 the promised.

>> No.18453907

>>18453879
Brent really can’t go down to the 20s without collapsing the entire world economy. At that point someone would start a war

>> No.18453977

>>18453907
Do tell, why is that?
Demand destruction is undeniable, and it's larger than the cuts that just went into effect. I'm not sure how you can avoid it unless someone casts a magic spell.

>> No.18454041

>>18453977
Do you really think the saudis and Russians are going to decrease their profits for no reason at all. They are doing this so oil will moon in the future

>> No.18454073

>>18454041
For sure, but why not squeeze out the little guys first? I think the main thing was to bring the US in on the price fixing, which they accomplished, but now might as well lessen the number of players.

>> No.18454083

>>18454073
They are squeezing out the little guys, not just in the us but shale producers all over the world like Canada, South America etc

>> No.18455300

>>18452810
at least you bought a bottom

>> No.18455307

>>18453800
you have never seen an electric turbine, have you?

>> No.18455381
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18455381

>>18452810

loooool ur nutz man literally no demand for the next 6 months minimum and a minor cut isn't going to change that fact that soon very the price will go negative as people will be forced to pay for over storage.

Trust in Canada your government lies ( tldr just scroll down the the summery. oil will flow nonstop and lock down most of the year )
https://www.pbo-dpb.gc.ca/web/default/files/Documents/Reports/RP-1920-033-S/RP-1920-033-S_en.pdf

>> No.18455397

>>18455307
>>18452810
>>18453585
plastics, pharmaceuticals, lubricants, hydraulics. As Oil drops in price, diesel and oil fired power stations will be preferentially run. However if oil storage is filled then single digits is possible, can't be zero to the consumer due to associated transport and storage costs, but could be negative to the producer if they insist on continuing to produce.

>> No.18455415
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18455415

>>18453585

'Merica news lies only free press is in Qatar. unless the topic is controversial to Arabs ofc. still 99% better then any news we get

https://www.youtube.com/watch?v=Ld1-_OuOEGc

https://www.youtube.com/watch?v=fJ0pgZKKqbE

https://www.youtube.com/watch?v=aV7dDc1yc6A

>> No.18455429

Us is at 80percent storage and will be full end of April. Cuts start may. Saudi still pumping that 12.5mpd till then. Do the fuckin math. Short term this shits dumping. Long term don't matter. If u regards are playing for a quick buck you short, even now. Buy tankers and short. Long term you buy big names, and maybe a shale wildcard. Just don't lookout daily movement

>> No.18455453
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18455453

Yall would make better artists or professional crybabies than investors. Why do you keep trying and failing? it's like feminists who keep trying to prove they are as good as the men they hate then going reeeeeeeeeeeeeeee when they fail

>> No.18455546

>>18455429
Look at the Saudi prices to the US and Asia. Trump and MBS cut a deal.

>> No.18455578

>>18455546
Solid deal. Wti at 21.65 as I type. Good luck today

>> No.18455603

>>18455578
Check oil prices for Asia. The House of Saud is going to bat for shale in order to drive everyone else out of business.

>> No.18455631

>>18455381
Watch the Feds phase 35 or whatever be an oil EBT to every household. Hundred thousand gallons, enjoy! Fuck even bothering to check if head of household has a drivers licence or is registered.

Long road maintenance, towing companies, tire manufacturers.

>> No.18455668

>>18453585
I am buying for zero everything ! ha ha ha

>> No.18455685

>>18455603
I think all the dynamics at play are difficult to time and pick. Best strategy is probably buying a major and holding long term. Definitely safest. Riskiest is playing some beat to pass shale names. I don't think you can go wrong holding a major however I'm a gambler and Im here to make money. I did this shit in 08" and bought a house mortgage free risking it. This time I'll do it again however I will also play long term as well

>> No.18455721

>>18455415
So you make your investment decisions based on mass media ? =Oo you will loos your money soon dummy ... If investment is not boring , means you do something wrong ...

>> No.18455803

>>18455721
Jim Cramer is an amazing contraindicator.

>> No.18455832

>>18455685
Is NRZ a good buy?

>> No.18455849

oof
well, you can look back at these days, and say "At least I took a risk"

I just hope you practiced some risk management :^)

>> No.18455878

>>18455803
Not as good as biz

>> No.18455905

>>18455832
I don't know that sector. All I trade is metals and oil. Rarely do I stray from there. If u have a question on gold or basically any mine/miner I'd probably know

>> No.18455968
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18455968

>>18455721
Al Jazeera is not mass media and it is unbiased on most issues.

>> No.18455981

>>18455905
What do you think about DIG

>> No.18456003

>>18455905
Also what about going long in MRO and holding for a year?

>> No.18456062
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18456062

>>18452810
OOOOOOOOOOO OOOOOOOILY

>> No.18456088

>>18455981
Dig shit.
Mro good. I like mro a lot. Hold a lot of it and would load up huge anything under $4

>> No.18456220

>>18455453
Nice propaganda piece you have there

>> No.18456236

>>18452810
>USO is down 4%

kek

>> No.18456358

Gotta swing trade oil my little homie.

It /should/ bounce again at $19 or $20. To where I don't know.

Or maybe it just collapses down to $15. Who the fuck knows. Demand is in the shitter.

>> No.18456381

>>18455307
What kind of wind powered grease do you think the bearings in that turbine take

>> No.18456418

PSX

>> No.18457209

>>18456088
I dont think it will go back under 4. And DIG doubled in a week. DIG is arguably one of the best long term holds you could have in Oil/gas right now

>> No.18458511

>>18457209
Maybe I'd trade dig but I ain't going to invest in an etf. Do some Legwork and pick some winning companies and cut out the middle man

>> No.18458530

doomers had you missing the bottom on stocks, next will be oil under 40$ . im not saying the bottoms in, but its a time to buy in slowly even if it does fall closer to 15$ short term it wont go below that

>> No.18458544

>>18458511
such as MRO? Do you think its stable long term or is there a better option

>> No.18459304

>>18458544
I think it is a nice play between risk and safety. Many more shale plays would fail before mro.