OIL

[Anonymous No.18516861]

OIL

[Anonymous No.18516876]

>>18516861
Saudis turned on the faucets. Unprecedented buying opportunity

[Anonymous No.18516898]

>>18516861

[Anonymous No.18516905]

>>18516876
you told me to buy at 20

[Anonymous No.18516923]

down to zero
actully they will soon pay you to take their oil

[Anonymous No.18516931]

>>18516923
does anyone actually believe this?

[Anonymous No.18516941]

>>18516923
The money is in oil storage right now. Oil is going lower before it goes higher.

[Anonymous No.18516942]

>>18516931
travel industry has no sign of recovering
who's consuming those oil anyway

[Anonymous No.18516946]

>>18516861
Why does oilprice dot com have WTI listed as $25?

[Anonymous No.18516955]

>>18516861
I remember like 12-13 years ago these two Boomer economists on TV were talking about oil prices and the one guy jokingly asked the other guy "what if oil goes back to $10 a barrel?" and the other guy just laughed as if it was an impossibility.

[Anonymous No.18516987]

if it goes 10-15 buy without leverage, then hodl till $100 :)

[Anonymous No.18516992]

once biz started covering this shit at 30$ i knew it was heading to 0

[Anonymous No.18517003]

>>18516905
It will go lower

[Anonymous No.18517007]

>>18516955
Damn that sounds exactly like the bitcoin bulls saying BTC will never drop to $100

[Anonymous No.18517023]

>>18516987
This is what I will do. All in on oil CDFs with no leverage at all and wait it out. With "all in" I obviously mean with money I can spare because I would never bet with money I can't miss.

[Anonymous No.18517036]

>>18516861
I was in sco but sold because you all scared me. Wish I would’ve held.

[Anonymous No.18517044]

>>18517023
CFD

[Anonymous No.18517049]

>>18517007
>comparing deflarionary digital hard money to ground goo

[Anonymous No.18517050]

>>18516942
Literally fucking everyone and everything.

[Anonymous No.18517061]

>>18517023
>>18516987
Why no leverage?

[Anonymous No.18517070]

>>18517049
Ground goo that makes the world go around and the Saudis have enough of it.

[Anonymous No.18517078]

>>18517061
so you dont get liquidated obviously this shits heading to 15$ this week

[Anonymous No.18517096]

>>18517078
I was thinking of DCA-ing into a Crude Oil 2x Daily Bull ETF over the next few months... is that stupid?

[Anonymous No.18517106]

>>18517061
because the turmoil can result in large fluctuations in price. Might even skyrocket at some point due to a war or something. Hodling leveraged products, especially a commodity which is only slightly stable because of a sandnigger cartel, is playing with fire.

[Anonymous No.18517112]

>>18517096
yes, lev etfs arent for long holds, look at cfds

[Anonymous No.18517114]

BUY NATURAL GAS COMPANIES
Antero midstream-50% divt
AR
Tell
RRC
EQT

[Anonymous No.18517121]

>>18517023
>I would never bet with money I can't miss.
isn't CFD pretty much exactly that

[Anonymous No.18517129]

>>18516861

demand is the king.

[Anonymous No.18517161]

>>18516861
designed for you to lose money. Shit commodity

[Anonymous No.18517163]

>>18517044
Can you recommend some worth looking into? I want to buy and hold something (besides stocks or ETFs) and I think oil will rebound eventually.

[Anonymous No.18517191]

Oil moon sirs accumulate now smart money

[Anonymous No.18517198]

>>18517114
>Tell
you do realise this shit aint getting any better for these usa companies, theyre gonna go broke even at 30$

[Anonymous No.18517304]

>>18516931
It costs money to store oil and it goes bad after 40 days
Next week they will literally pay you to take oil

[Anonymous No.18517318]

$17.89

Fuck that's cheap. Doesn't mean it can't get cheaper given the right circumstances but the downside risks (collapse to $12...lowest inflation adjusted price since the Great Depression) are minuscule compared to the upside potential.

Let's put things into perspective here: We were at $29 per barrel two weeks ago. 1 year ago it was $63 per barrel.

Once the Saudis and the Russians have destroyed the North American shale industry, they'll cut supply and jack up the prices. Demand doesn't even need to come into it given the right circumstances. Oil peaked in the late 70s/early 80s in a time of reduced demand due to a recession.

[Anonymous No.18517329]

Favorite flavor of oil? Prefer East Texas Sweet myself, its fairly cheap and similar to iced tea on a hot day.

[Anonymous No.18517341]

>>18517304

>it goes bad after 40 days

[Anonymous No.18517343]

>>18517304
>goes bad after 40 days

[Anonymous No.18517353]

>>18517044

[Anonymous No.18517356]

>>18517329

For me, it's repurposed engine oil.

[Anonymous No.18517376]

>>18517329
Pee bottle level of dehydration?

[Anonymous No.18517394]

>>18517318
But oil companies?

[Anonymous No.18517403]

>>18517376
Oil of various flavors.

[Anonymous No.18517427]

>>18517394
The problem with oil companies is that they can fall while oil as a commodity can not and will resurge. I feel not comfortable investing in a company, I just want some virtual barrels of oil.

[Anonymous No.18517470]

>>18517318
so can i still buy US oil stocks if the Saudis and Russians want to destroy them? I wanted to buy like the big companies like Exxon and Chevron

[Anonymous No.18517476]

>>18516942
Transport isn't the sole determinant of oil demand. Without oil based nitrate fixed fertilizers agricultural carrying capacity of earth drops from 9 nil to 2.5 bil. As long as mouths need to be fed oil will be pumped. Demand and supply may go back and forth but demand will never go to zero.
>>18517304
Yeah man, unprocessed crude has been in the ground for 80 million years but it goes bad after 40 days. Jess Christ do you actually think before you say things like that or do you just parrot everything you've been told like a brain damaged ape?

[Anonymous No.18517498]

>>18517427
Trade futures then? I've taken delivery a few times so I could soak on the tub.

[Anonymous No.18517521]

>>18517318
North American shale will most likely consolidate to survive. The small ones will die off.

[Anonymous No.18517522]

>>18517304
>Stored in earth for millennia
>goes back in days

Anon... I...

[Anonymous No.18517613]

>>18517470

Buy the Western oil company with the lowest debt and highest market cap that you can find.

[Anonymous No.18517620]

>>18516861
Just bought USO with 25% of all my money, will keep adding if it keeps dropping.

[Anonymous No.18517628]

>>18517613
Are companies like cve and MRO safe?

[Anonymous No.18517647]

>>18517470
I would almost never recommend this, but in these very specific circumstances low debt Canadian producers are probably safer than anything in America with shale exposure.

[Anonymous No.18517679]

>>18516946
Thats the June contract which everyone is rolling over to

[Anonymous No.18517699]

>>18517647
i see. do you have any good tickers i can check out? ill have to do some research over the weekend and maybe diversify

[Anonymous No.18517754]

should I just buy and hold the OIL etn when I think we've found a bottom with oil price?

[Anonymous No.18517764]

>>18517498
My tactic now is to buy CFD oil next week as it will rebound. Wait a few weeks to assess how this develops. Depending on that I will then either put some on the Shell or will wait until the bottom is really near (which can take months) and some of the weaker bigboys go down.

[Anonymous No.18517862]

>>18517699
Eh I don't really like telling people specific companies cause it pretty much immediately makes you look like a shill. I will say I've spread across a few but my biggest oil holding right now is husky energy, split my position between common shares I got at 17% div and preferreds I got at 86. Three tranches bought so far, 2 more bullets left to fire but my gut is saying keep some powder dry as much as I am tempted by some of these prices still. Considering some shell or BP to balance out my exposure but haven't made up my mind.

[Anonymous No.18517877]

>>18517862
86 = 8%

[Anonymous No.18517999]

>>18516861
it's pointless to buy Oil now cause the new energy fuel will be Hydrogen in a decade

[Anonymous No.18518011]

>>18517862
I bought some of Suncor. Overall it seems like less risk since its Canada's biggest.

I've been looking at Cenovus, apparently it has a really low cost to produce but until I see that number for myself I'm not ready to buy it

[Anonymous No.18518117]

>>18517999
>it's pointless to buy Oil now cause the new energy fuel will be Hydrogen in a decade
And just 2 years later we will have nuclear fusion scaled as commercial power plants.
Sure m8.
Just a few years to go from here.

Ah wait, of course the workers will load up their SAE L5 autonomous vehicles for 10k $ in mass production with hydrogen generated by the fusion nuclear energy from the power plants by that time. Won't they?

[Anonymous No.18518337]

>>18517161
explain

[Anonymous No.18518380]

>>18517679
Thanks also good ID

[Anonymous No.18518494]

>>18517862
based i was just looking at Husky. Aren't most of these oil companies going to cut their dividends? I noticed most US and now Canadian ones are over 10%

[Anonymous No.18518634]

>>18517304
>Do you think it was in the ground for less than 40 days?

[Anonymous No.18518666]

>>18518494
Yeah a little worried but that's why I split between common and preferred. Preferred divs are always safe, also that Hong Kong guy LKS owns like 60% of husky which he bought at 40/share and he doesn't wanna cut divs cause he's still trying to recoup some of his cash, if they do cut divs it will be at the reluctant agreement of their largest shareholder so I think they're safer than some other div companies. Also it's nice to know they might have access to bugmen funding if it comes to it. Even if commons get div cut I feel like I've managed my risk enough. Net 4% div on the position is acceptable if commons get cut, even if net 13% div on the position would be ideal.

[Anonymous No.18518817]

>>18517353
Computational Fluid Dynamics
You use it to make your oil pipelines and refineries more efficient

[Anonymous No.18518879]

>>18517699
Check out NVA

[Anonymous No.18518884]

Saudi Arabia can still make profit operating at $20 a barrel due to their slavery
US companies need about $40 a barrel to break even
Saudi Arabia is trying to fuck us over and quite frankly I think Trump should use my RTX MISSILES TO FUCK UP SAUDI ARABIA IM SO SICK OF THEIR SHIT WHY DO WE ALLOW THEM TO GET AWAY WITH THIS

[Anonymous No.18518920]

>>18518884
because saudis own the US along with their cousins the jews

[Anonymous No.18518926]

>>18517121
Just why are CFDs so cancerous ?!?!
They are like your pedophile uncle

[Anonymous No.18518927]

what is the best way to get high risk high reward out of oil long term off robinhood. would be want to do something like 2022 calls for $35/40 . what would I buy for that?

[Anonymous No.18518963]

>>18517304
>it goes bad after 40 days

[Anonymous No.18518980]

>>18518927
Bro just put all your money into Shell
They will hold the line in this storm & wont go bankrupt. They have high dividends that are a huge + side
XOM is decent but Shell is better
MRO prepares for this & saved up a ton of their money years ago, they will survive too

[Anonymous No.18518999]

>>18518927
Can't do it unfortunately. the closest you can get is buying calls on USO or another ETF but that is risky due to contango. The price of oil may go up 100% but the ETF would not go up the same percentage-wise unless it happens over a very short time-frame

[Anonymous No.18519067]

>>18517304
>blocks you are path

[Anonymous No.18519071]

>>18518884
>Saudi Arabia can still make profit operating at $20 a barrel due to their slavery
The profit they make from that would be not sufficient to provide all cost they generate every day. They have to sell stocks and other assets for reaching enough cash flow or as an alternative make (((dents))).

[Anonymous No.18519097]

>>18518999
>that is risky due to contango
Yesterdays contango was negative so i got even a little push to my certificates price.

[Anonymous No.18519116]

>>18518884
Aramco can narrowly break even at 20 dollars.

Aramco is government owned and their profits fund ~50% of Saudi government expenditure.

Saudi govt need oil at $80 in order for Aramco to post enough profit that their goernment sending isn't in deficit.

Of course no government actually balances their budget in the age of MMT so they don't need it all the way at 80, but they will still be hurting and forced to borrow against their existing reserves at anything below 80.

[Anonymous No.18519147]

>>18516905
It's going to $8

[Anonymous No.18519191]

>>18516861
I am going to sit on gush right now

[Anonymous No.18519196]

I know this hike up in oil stocks won’t last long, but it does feel a little comfy seeing all my stocks green for once

[Anonymous No.18519235]

Probably a stupid question but what is the difference between RDS.A and RDS.B?

Which one should I be looking into if I want to hold long term.

[Anonymous No.18519297]

>>18519235
RDS.B has 0% withholding taxes on your dividends that you make from a stock
RDS.A has 15% withholding taxes on your dividends because it’s located in the Netherlands
So if you plan on going long term, getting dividends, recommend B

[Anonymous No.18519301]

>>18519147
Global warming isn't real but what if this is a Bill Gates plan to end fossil fuel. No planes and cars right now no travel no demand. Maybe oil goes to $10 and stays there forever. I imagine the pain from trillions of lost capital

[Anonymous No.18519312]

>>18519297
Thank you

[Anonymous No.18519341]

Umm guys why are all these oil stocks going 5-7% up?
What good news was released? Shouldn’t they be going down?

[Anonymous No.18519344]

OKE a comfy buy? They reaffirmed fat dividend will not be decreased.

[Anonymous No.18519414]

>>18519341
5 weeks ago oil companies took a 75% haircut on a 50% crude drop in anticipation of it going even lower. That hasn't happened yet, so they're slowly retracing to a 50% drop from Feb levels. That's what I think I see anyway. Could be wrong.

[Anonymous No.18519416]

>>18519312
I would buy them in london. That is their main stock exchange. It is traded in pence. That is why they are above 1k

[Anonymous No.18519418]

>>18519301
come up with a believable scenario where billions of people on this planet just accept not being able to return to their normal lives. electricity isnt going to magically replace oil overnight either

[Anonymous No.18519493]

>>18519344
oh sweet. I was looking to buy both SLB and OKE but SLB cut their dividend by 75% today so I might buy shift more to OKE now.

[Anonymous No.18519525]

>>18517999
Unless we built enouhg thorium or other nuclear reactors in that timeframe this is a pipedream just like green energy economy (and don't dare cite some meme country that does it because we are talking global here).

[Anonymous No.18519622]

I'm thinking about throwing 1k into each of the following long term just for some divis. Is it too early? Not diversified enough?

MRO
OKE
XOM
RDS.B

Possibly SDRL (no divi)

[Anonymous No.18519688]

>>18518963
OIL SUB 20 DOOD! NOTHING I COULD DO!

[Anonymous No.18519694]

>>18516861

[Anonymous No.18519908]

haha oil pipe go BLURPBLURPBLURP

[Anonymous No.18519957]

I have 40 shares of OKE at 23 bucks my concern is that they are natural gas company so I don't know how much of a return they will make to 70 bucks

I also have 30 shares of RTX at 60 bucks

My biggest mistake was getting 20 shares RDS.B at 35 bucks.

Got 1k on the side and don't know whether to invest that somewhere else or into more oil for gains.

[Anonymous No.18520003]

Texas oil anon here. Texas railroad commission (the regulatory committee for Texas oil) is expecting $3 WTI oil over the next few weeks. That is the time to buy

[Anonymous No.18520020]

>>18520003
Whats up with the Texas commission are they going to go through with cuts?

[Anonymous No.18520021]

>>18516861
Why the FUCK is oil companies up when oil is down 2 dollars

[Anonymous No.18520039]

>>18520021
Trump's plan to reopen the economy by May for basically Nebraska, and June for places like cali, and July for New York and Jersey levels of fuck up

[Anonymous No.18520097]

>>18520020
There’s a lot of fighting rn. Some of the players are calling for cuts but a lot of the small guys will never recover and lose their leases if they cut production. Shitty situation overall but WTI is likely going much lower and will likely to negative if storage is maxed out next month.

[Anonymous No.18520107]

>>18520003
>Texas oil anon here. Texas railroad commission (the regulatory committee for Texas oil) is expecting $3 WTI oil over the next few weeks
Sure m8. Not totally making this up at all.

[Anonymous No.18520123]

>>18520003
How will any of you faggots survive $3 oil?

[Anonymous No.18520141]

>>18520123
I’m going to buy more oil all the way down, and when it eventually rebounds, I’ll be rich.

[Anonymous No.18520177]

>>18520141
This. Got in with a huge amount at around 21 and my stack grows with every single dollar it drops deeper.

[Anonymous No.18520200]

Does anyone have a complete list of US companies that are shale oriented?

OXY
MRO
?

[Anonymous No.18520211]

>>18518117
it's pointless to buy somenthing that will be replaced aiming for a x2. The risk reward is not good
>>18519525
>Unless we built enouhg thorium or other nuclear reactors
How much time until this?

[Anonymous No.18520359]

>>18520097
I have 400 shares of WTI rn. Should I hold it or cut my losses?

[Anonymous No.18520397]

>>18519622
How do dividends work, I’m a fucking noob. Like for example if I purchased $25000 of XOM how much would I get next dividend payment? It says the yield is 8.6% does that mean I get that percentage as my dividend? Or is it the more disappointing $3.48 annualized payout, meaning I would make that amount a year from each stock I own because it’s not even worth it then.

[Anonymous No.18520402]

>>18520097
>if storage maxes out
Which is why you should’ve also invested in tanker companies that manufacture/maintain oil storage facilities
They’re going to rent out their storage spaces to oil companies, make a huge profit.

[Anonymous No.18520477]

>>18520397
Yes at the current price you would get 8.6% per year on the $25,000. XOM pays it quarterly so you would get a payment every three months.

[Anonymous No.18520500]

How do I play pipelines and refiniers in this time? Do they get money regardless of oil prices or what?

[Anonymous No.18520544]

>>18520500
Pipelines CVE. Refineries and transportation MPC, SLB or HAL.

[Anonymous No.18520563]

>>18520544
Would the time to get in be now or later?

[Anonymous No.18520569]

>>18519622
wait till a red day next week then go all in and HOLD

[Anonymous No.18520575]

>>18520544
>CVE
>Canada
Ehhhh idk if I want to support Canadian businesses, I hate China
Any American pipeline companies?

[Anonymous No.18520594]

>>18517999
>>18518117
Out of curiosity, what companies are out there to invest in now for hydrogen or nuclear energy?

[Anonymous No.18520606]

>>18516941
How do I invest in oil storage?

[Anonymous No.18520634]

>>18520606
FRO, TNK, STNG, DHT
I personally went mostly with FRO. Not too late to get in on the profits, but you definitely missed the initial jump in price

[Anonymous No.18520638]

just watch the local gas prices
when gas starts going up good time to buy in
UWT

[Anonymous No.18520667]

>>18520575
The Canadian government just announced that it would be supporting its shale and pipeline companies. CVE jumped this morning....Could be double or more by year end if it survives. Its risky but one worth taking

[Anonymous No.18520677]

>>18520397
The yield is the dividend divided by the stock price. When you buy a share that dividend is part of the price - you are buying a share of the dividend, the debt, the earnings, etc. If the stock price goes down but the dividend is not cut the yield goes up and the opposite is true too. The key is in researching the dividend history of the company. The best ones steadily raise their dividends every year.

[Anonymous No.18520684]

>>18516861
Can someone explain why USO has not made a new low with OIL falling sub $19? What kind of scam is this

[Anonymous No.18520693]

>>18520684
>>18516861
oil producing companies continue to sky rocket???

[Anonymous No.18520696]

>>18520563
I bought MPC at around 21. Its now at 24. It could go to the moon after this onslaught. Id say any price under 25 is a green light to buy if you can stomach price swings. any price under 22 is time to load up on it. Maybe wait for it to dip under 24 and buy. Up to you

[Anonymous No.18520699]

>>18516876
When storage is full it's unironically going to zero.

[Anonymous No.18520713]

>>18520684
Anyone buying USO right now is a dumbass. Pick oil price related stocks with the best balance sheets.

[Anonymous No.18520715]

>>18520097
Sell and buy back in a couple of weeks to increase your stack. WTI will hit 100 again, it’s not a matter of if, just a matter of when.

[Anonymous No.18520719]

>>18520693
Im done with OIL ETFs, I just want to trade OIL without using futures, why is it so hard

[Anonymous No.18520737]

>>18520684
High liquidity. USO will likely hit below .50 in the coming weeks. Just wait if you’re planning to buy.

[Anonymous No.18520738]

>>18520713
I am asking WHY it is not lower, below 4.20. Why hasnt the bottom fallen off yet with OIL prices as they are today

[Anonymous No.18520760]

>>18520737
$0.50?? Whoa

[Anonymous No.18520766]

>>18517304

[Anonymous No.18520773]

>>18520667
Isn’t MRO part of Shale?
I went heavily in MRO, so if it’s true then alright- I’ll try to help CVE survive

[Anonymous No.18520798]

>>18520402
How do I invest in such companies? Got any specifics?

[Anonymous No.18520806]

>>18520773
MRO is US based shale and we don't know what trump will do because CVX and XOM both american companies want US shale to also die like the Saudis and Russians.

[Anonymous No.18520827]

>>18520402
How high do we think these tankers can go for share price though?

[Anonymous No.18520841]

>>18520798
Invest in FRO, TNK, STNG, DHT
Use Robinhood to buy the stocks
Don’t get scared if you lose a little bit of money at first, these are guaranteed to have a huge investment return by the end of the year

[Anonymous No.18520863]

>>18520827
I don’t know honestly, but they’ll definitely be making bank until oil consumption goes way up. Which is also when our oil stocks will skyrocket back to normal
So by investing in oil tanker companies, you’re also helping your oil production companies
It’s literally one giant circle of easy money

[Anonymous No.18520867]

Whats your guys take on Plains all american pipeline as an US oil pipe play.

[Anonymous No.18520890]

>>18517198
no

[Anonymous No.18521070]

>>18520684
>Can someone explain why USO has not made a new low with OIL falling sub $19? What kind of scam is this
Search for rollover of certificates. Future of oil may-june is cheaper than the last one. Means rollover effect was negative and the price went up.

[Anonymous No.18521082]

>>18520021
I’m guessing oil assumption.

[Anonymous No.18521104]

>>18520863
Thank you for your information based anon. I'm definitely looking to make a lil profit off this situation

[Anonymous No.18521145]

>>18517061

for you friend, leverage

[Anonymous No.18521149]

>>18520827
Until they go broke

[Anonymous No.18521228]

>>18519116

yepper! profitable Aramco != profitable saudi arabia :)

we are all this together (LOLLLLLLLL)

[Anonymous No.18521243]

>>18517304
>goes bad after 40 days
there's like 8 years stockpiled supply around the world that went bad 7 years and 325 days ago according to you

[Anonymous No.18521273]

>>18521243
> a substance in the ground for literally millions of years
> goes """"bad"""" after 40 days

I think that anon might be legitimately retarded.

[Anonymous No.18521318]

>>18520594
this incels give us real answers

also incels How come Nicaragua, Venezuela, Russia, Iran and China are penalized if they dont the Global Order one world Currecy USD as the petrodollar?

[Anonymous No.18521428]

>>18517304

[Anonymous No.18521458]

>>18516861
Is longing tanker stocks with insane leverage the move of the decade here?

[Anonymous No.18521464]

>>18517304
>goes bad after 40 days
say that to the jerry can full of gas that's been in my garage for 4 years

[Anonymous No.18521628]

>>18521458
I want it to be. Please be so

>teekay tankers, scorpio tankers, frontline owner

[Anonymous No.18521749]

>>18521628
Most seem to have completed a textbook diamond bottom

[Anonymous No.18521757]

i will say again:

wti
single digits before the month's out
25+ second week of may

[Anonymous No.18521781]

>>18517341
>>18517343
>>18517476
>>18517522
>>18518634
>>18518963
>>18520766
>>18521243
>>18521464

American education, everyone.
Crude oil starts reacting with oxygen after it's extracted and when not stored in vacuum irreversibly oxidizes in 40 days, which significantly drops it's quality and progressively complicates the refinement process.

>know nothing about oil
>still have an opinion
This is why you will stay poor.

[Anonymous No.18521790]

>>18521749
Splain? I bought all of these a month ago. They’re all in the green

[Anonymous No.18521869]

>>18521790
It's a very reliable reversal patern

[Anonymous No.18521899]

>>18521790
Basically it hit the 9 fibonacci on the weekly meaning that the flotilla side pressure is greater than the sarcastic mcd moving average oscillating indicator. In short, go all in with leverage.

[Anonymous No.18521954]

>>18521869
>>18521899
Fair enough, thank you for the feedback anons

[Anonymous No.18521984]

>>18521781
>Crude oil starts reacting with oxygen after it's extracted and when not stored in vacuum irreversibly oxidizes in 40 days, which significantly drops it's quality and progressively complicates the refinement process.

Maybe your faggot euro-oil does

[Anonymous No.18522027]

>>18518884
haha oil pipe go sploosh

[Anonymous No.18522034]

>>18521984
>Maybe your faggot euro-oil does
kek

[Anonymous No.18522078]

>>18520719
Storing oil costs money, over a prolonged period of time you can't profit 100% from spot price movements

[Anonymous No.18522199]

>>18521781
Nigger stfu if your dumbass knows this the oil industry has obviously figured it out. Jesus Christ. You’re not the first person to know this.

[Anonymous No.18522246]

>>18522027
This picture is retarded. The Saudis were the ones trying to get the deal made and countries like Mexico fucked everything up.

[Anonymous No.18522247]

>>18522199
You know underages aren't allowed on 4chan, don't you?
>the oil industry has obviously figured it out
No, it hasn't. Long-term vacuum storage is full and the rest is just sitting on tankers oxidizing. Because there is no demand for oil. In 2 weeks they will pay people to take their oil.

[Anonymous No.18522670]

>>18516861
so do you guys just buy barrels of oil ? what stock represent the oil price

[Anonymous No.18522693]

>>18516987
buy what?

[Anonymous No.18522734]

>>18521899
So short?

[Anonymous No.18522814]

After all of this everyone will be so turned off by oil that we'll be driving cars with our feet like the flintstones

[Anonymous No.18522824]

>>18522670
>what stock represent the oil price

None, you can buy futures or products (like ETFs) which are based on futures. Both have the problem of rollover losses due to contango which will greatly diminish your gains when prices recover.

You can also buy stocks of oil companies but those obviously do not reflect oil prices 1:1 since expectations of higher prices in the future are already priced in.

[Anonymous No.18523226]

>>18522824
so what are people buying to match oil?

[Anonymous No.18523261]

>>18520397
Dude 8% a year is a great dividend plus you get dividend increases and stock appreciation if it's a good company.

[Anonymous No.18523271]

>>18523226
THEY DON'T FUCKING IDIOT ISN'T IT OBVIOUS. ETFs ARE THE CLOSEST THING OUT THERE.

[Anonymous No.18523300]

>>18523226
There's no way to exactly match oil. So people mostly talk about oil company stocks or call options on these stocks. Or oil ETFs.

Euros are also buying CFDs / turbo warrants for leverage but those also have the same rollover problems.

[Anonymous No.18523341]

>>18521781
Are you implying that oil dropped for easily understandable reasons and oil investors didnt just decide to give away their stock as a charity?

[Anonymous No.18523412]

>>18523300
Explain rollover to a brainlet.

[Anonymous No.18523544]

>>18520141
>>18520177
you anons just buying USO?

[Anonymous No.18523698]

>>18516861
Fine with me. There's not much pleasant about the corona economy, but at least gas is down to US$1.80/gal around here.

[Anonymous No.18523733]

>>18517999
Trips checked.
>Hydrogen in a decade
I've been hearing that for a decade.

[Anonymous No.18523766]

>>18521781
They should have kept it in the ground then, where there is no oxygen

[Anonymous No.18523931]

>>18516941
>>18516923
The sandniggers would dump their oil into the desert before paying people to take it.

[Anonymous No.18523940]

>>18523412
If you want to invest directly in oil long term and you can't store it yourself, you have to trade future contracts. So, the May future for oil would mean you buy for delivery of a certain amount of oil in May. However, the price you pay per barrel for the delivery in May would most of the time be higher than the oil price right now because the guy who delivers the oil has to store it in the meantime which involves costs. Now, if you want to hold oil longer you have to sell the May contract before the delivery and buy a June contract (or another future month contract). The June contract will again be more expensive than spot price, so if oil prices stayed the same, you'd make a loss. Since oil ETFs are usually based on futures, their performance is usually worse than the actual oil price.

[Anonymous No.18523977]

>>18521781
Oil oxidation takes for fucking ever. Even when exposed to the open air, and it's trivially stopped by storing it in basically any closed container. You can try this yourself. Put a plastic bag over your head and zip tie it around your neck. If enough oxygen can get through the steel plate of an oil tanker or storage silo to oxidize tens of thousands of tons of oil in 40 days then you should have no trouble breathing through a mere millimeter of plastic.

[Anonymous No.18524054]

>>18523931
Going below zero only means nobody will buy your oil, so you're sitting there with your thumbs up your ass paying for destruction, or storage costs which will exceed your selling profit.

[Anonymous No.18524164]

>>18517329
Oil grades read exactly the same as weed strains to me. Gimme that Alberta Dank. Dirty and thick.

[Anonymous No.18524252]

>>18521899
What about the total spicy chicken oscillator?

[Anonymous No.18524508]

>>18523940
Got you. Thanks. Any suggestions on ETFs that track oil pretty well?

[Anonymous No.18524573]

>>18517114
Nah nigga, PXD

Up almost 7% today

[Anonymous No.18524643]

>>18517376
Oil with different paraffin content.

[Anonymous No.18524930]

>>18517114
i heard about eqt a lot, but they mooned super hard right now already

[Anonymous No.18526184]

>>18524508
USO.

[Anonymous No.18526223]

>>18526184
Do not do this.

[Anonymous No.18526246]

why oil dumps and etfs pump today? explain this to a brainlet

[Anonymous No.18526264]

>>18526223
Then what do you suggest

[Anonymous No.18526283]

>>18517114
SNDE

[Anonymous No.18526305]

>>18516876
lol buy what? you gona buy physical barrels of oil retard?

[Anonymous No.18526313]

>>18517114
OKE?

[Anonymous No.18526381]

i duno about you guys but my position in FRO is up 18% over the past week or so

[Anonymous No.18526495]

>>18526381
based + dividends

[Anonymous No.18526500]

>>18526264
$WTI

[Anonymous No.18526566]

>>18520634
I'm in fro heavy. 1000 shares. Fuck ton of $10 calls may. $14 calls Aug.
I'm in at like 8.05$. I'm up bigly

[Anonymous No.18526682]

>>18526566
>Fuck ton of $10 calls may. $14 calls Aug
where are you seeing the future calls? a ton of 14$ Aug calls means investors are betting the stock will surge to 14$ right?

i'm in FRO @ 8.12$, but i want to increase my position. was hoping for a dip but the motherfucker just keeps climbing. I'm also in TNK and OSG

[Anonymous No.18526694]

>>18526246
No one knows why?

[Anonymous No.18527060]

>>18526694
>https://www.ccn.com/oil-craters-but-energy-stocks-soar-as-silly-millennials-buy-the-dip/
because of stupid asshole zoomers

[Anonymous No.18527341]

Western Canadian select is under $5

[Anonymous No.18527365]

>>18527060
lmfao, i opened a short position on oil and i was worried that i was going to miss something

[Anonymous No.18528075]

>>18521781
>oxidizes in 40 days
Huh i guess we should have just told BP to wait 40 days when their rig blew up. It would all oxidize away.

[Anonymous No.18528827]

>>18520737
NO fucking way.

[Anonymous No.18528838]

>>18522670
buy what your literal user ID is telling you to buy.

[Anonymous No.18529784]

Haag Sherman: Expect Huge Oil Rally In Late 2021/2022
https://tdameritradenetwork.com/video/rB4AoXFnHp6BcYlHMdEMiA

[Anonymous No.18529973]

>>18529784

RIP my early 2021 USO Calls

[Anonymous No.18529995]

>>18529784
So we should buy oil now? What companies?

[Anonymous No.18530093]

>>18517304
> oil goes bad after 40 days

This is some next level bait

[Anonymous No.18530163]

>>18517007
U dum