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/biz/ - Business & Finance

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18556159 No.18556159 [Reply] [Original]

What's happening to crude oil price, opening in a few hours?

>> No.18556175

>>18556159
Will approach zero

>> No.18556181

>>18556159
Buy tankers.

>> No.18556197

>>18556159
MOON

>> No.18556214

but COP and XOM and thank me later

>> No.18556218

>>18556175
>>18556197

>> No.18556230

>>18556214
When? ASAP?

>> No.18556236

>>18556159
going lower, probably hit $17 tonight

>> No.18556260

oil chad here , gonna buy a shit ton and making sick profits this week

>> No.18556294

>>18556159
USO is a ponzi scheme

>> No.18556296

>>18556260
What should I buy mr. Chad.

>> No.18556323

>>18556296
MRO, Shell, XOM.
FRO (company that’s produces oil storage facilities)
On Monday HAL releases their earnings report, their stock price will probably dip down
Buy it Monday morning

>> No.18556334

>>18556296
OD7F

>> No.18556413

>>18556260
so do you think crude will raise in price this week, or just oil companies?

>> No.18556442

>>18556413
Crude cant go any lower , probably looking at 25 dollar short term.

>> No.18556473

>>18556442
But there's still the storage problem right now, so the price could fall more, even for some peak down.
I agree that the actual price seems the very bottom

>> No.18556851

>>18556159
reminder that if you are buying USO you are a retard. better to buy XLE which is an ETF of the largest US oil companies

>> No.18557852

>>18556851

this or VDE which is vanguards fund that is basically the same thing.

>> No.18557954

>>18556323
Why should HAL go down? I bet everyone expects shit reports from any company associated with oil industry

>> No.18558062

>>18556296
how about UCO?

>> No.18558082

>>18556296
MRO, MPC, HAL, CVE, maybe some XOM

>> No.18558095

>>18556851
or VGENX for the sweet dividends

>> No.18558099

>>18556851
This is actually correct advice.

>> No.18558103

Am I the only one in DCP?

>> No.18558119

>>18558103
yes.

>> No.18558159

the petrodollar will fall

>> No.18558198

>>18558159
yea in 50-100 years

>> No.18558204

>>18556851

USO looks like it’s in a perfect position to enter a swing trade

>> No.18558273

Can someone explain ERX?

>> No.18558299

What about XOP, i invested into it at the moment, it's green

>> No.18558353

it will go up as counties are slowly reducing confinement

>> No.18558424

>>18556230
ASAP

>> No.18558444

>>18556230
Dollar cost average your way in through the next two weeks. Buy on dips.

>> No.18558466

since rds.a isn't a US company - does it make it more susceptible to not being bailed out by it's dutch government? or is shell too stable of a company and won't need a bailout?

>> No.18558470

>>18558299
can someone give some insight

>> No.18558487

>>18558466
if shell goes under you're gonna have a hell of a lot more things to worry about

>> No.18558500

I'm all in on FRO and I'm fuckin loving it. Tankers are a bitch to watch but when your right the ride is fuckin awesome

>> No.18558522

>>18558466
Go for rds.b unless you want to pay dutch taxes on your stock.

>> No.18558574

No TOTchads?

>> No.18558575

>>18558500
>1.66 divvy for every 9.70 investment

Intredasting. Tell me more.

>> No.18558635

>>18558575
Nothing to tell...Storage prices are through the roof due to the glut of oil and contango. The dividend will be solid but the money will be made in options. I bought a fuck ton of $10 calls for may. Close paydirt there. Bought a fuck ton of $14 calls Aug.

>> No.18558646

>>18558470
They don't know anything about XOP, it's an etf and it's very undervalued atm.
I bought some friday and now i'm at around +8%

>> No.18560102
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18560102

It didn't even tested $17, it went straight to $16

There is a news about a big bust in Singapore. Biggest supplier of ship fuel in Asia went bankrupt, and with that probably countless of ships full of fuel has nowhere to go now.

>> No.18560412

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOIL

>> No.18561049

>>18556442
Already lower at $14.

>> No.18561457

>>18556159
Not a whole lot of change since last week, oil storage crisis / contango is still in play, and single digit oil prices are likely. Buy ITM or just outside ITM calls on tankers and walk away, sell in a few months. Tankers have been crabbing but likely not for much longer, I think you can still hop in and make some decent $$$.
After tankers go nuts and the TV heads / Jim Cramers coom thinking about them; exit tankers (they are not for hodl, they are for $$$), put it into energy sector majors like xom, hess, rds.b, etc. Walk away for a year, enjoy your yachts.
Hopefully my TrumpBux come Monday, I'm gonna miss out on earnings options plays :<

>> No.18561715

>>18556294
welcome to life, noob.

>> No.18561817

>>18561457
that is the plan

>> No.18561830

>>18558062
I've been holding XLE and UCO for a couple weeks. XLE has trended up consistently, UCO has halved since I bought in. My UCO 5/15 3C are gonna flatline.

>> No.18561863

>>18561049
He's talking about crude oil, that's around $24 now
Usoil was $16 and dropped to $14

>> No.18561870

>>18561457
Post favorite tankers

>> No.18562006

Imagine owning land that had some oil derricks on it just making you money day and night, fucking lucky cunts

>> No.18562133

>>18561830
WTI could be 50% of what it is now when the storage crisis / oversupply fully hits in the weeks to come. Keep this in mind when buying calls. I'm not sure we'll see negative oil prices, but we'll see VERY low prices. Long term, when people are crying about $5 oil, go ahead and load up on calls a year or two out, you'll make plenty. We'll see $60-$80 oil for a bit, eventually settling back to pre-crisis levels once supply normalizes.
>>18561870
I'm not sure it matters, All of the companies will be profiting on this. There were some rumors on stocktwits about converting clean tankers to "dirty" crude tankers, since VLCC rates are so absurdly high.
> What tankers
I like TNP, it's cheap and has the potential to move since it's a micro-cap. TK, TNK, STNG, NAT, FRO, etc.

>> No.18562301

>>18556296
NRGU if you wanna 10x in 3mos

>> No.18562389

Can someone summarize USO to a noob?

>> No.18562455

What about Total ?
Give me 3 oil stocks to buy on Revolut with Dividends

>> No.18562506

>>18562301
>That ticker

Will buy it based solely on its phonetic pronunciation.

>> No.18562526

>>18562455
TOT is a solid hold, just doesn't get the attention Exxon or shell does.

>> No.18562648
File: 451 KB, 986x1164, 1584524322576.png [View same] [iqdb] [saucenao] [google]
18562648

Canadian Tar Sands reached $0 handle, congratulations for all. It was a nice run.

>> No.18563777

opinions on CVI (CVR Energy)?

>> No.18563829

what would one estimate to price in a limit order at, say for XOM? undercut or stick to market ask from friday?

>> No.18563866

>>18556159
squeezed between corona and the fucking saudis.

>> No.18564022

Buy tankers, morons.

>> No.18564074

>>18564022
I got FRO, TNK, STNG and DHT . What you recommend?

>> No.18564075

How do I into stocks? What's the best place to buy this stuff?

>> No.18564382

>>18564074
You're set. sit back and wait; unless you want to load up more. TNP?
>>18563829
This is a hard call because of jerome and the printer boiz, but they'll probably have shit tier earnings come may 1, it might be a good dip.
>>18564075
/smg OP post is what you want. you use a broker, and sacrificing animals to whatever listens. Noobs can use anything, if you want to trade options go with TDA / Fidelity / Etrade over Robinhood.

>> No.18564425

>>18558204
not with contango roll hitting wensday

>> No.18564433

>>18556851
this but you shouldnt even buy oil etf right now. jut buy a big fish and watch the other turn up

>> No.18564455

>>18558574
I like TOT and APA

>> No.18564506

Should I buy HAL or XOM ? Do I buy now or in May ?

>> No.18564512

>>18562389
ETF

>> No.18564531
File: 302 KB, 1080x1262, para.jpg [View same] [iqdb] [saucenao] [google]
18564531

>>18562455
TOT
XOM
CVX
RDS.B
HES
EOG

>> No.18564547

Why buy stocks when you can buy options that expire January 2022? Much more upside and if it hasn't recovered by then, the world is over anyways.

>> No.18564563

>>18558466
The Saudis bought a shit load of RDS

>> No.18564584

Alright boys, come Tuesday I’m going all in on FRO and XOM. Wish me luck

>> No.18564607

Due to centralization of TCP/IP which causes inadequacy and unsuitable network environment @TACHYON protocol designed an upgraded TCP/IP stack due to its decentralization nature and improved privacy.

>> No.18564611

>>18556323
This

>> No.18564658

Someone tell me UCO - how is this different than the others

>> No.18564691

Theoretically a Canadian oil ETF would print ridiculous ratios over the next year or two, right?

Not even DUDE WEED will let his entire country's energy sector get obliterated, so there'll be a bailout or something, and if WCS goes to half its traditional price ($25) from its current 0.01, that would be a hell of a ROI

>> No.18564780

holding 3 scorpio options, should i buy more ? also holding spy put with strike 276