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/biz/ - Business & Finance

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30446785 No.30446785 [Reply] [Original]

Reminder that /biz/ will fomo into OIL at $150 a barrel instead of coming in now at $70.

As we all know buy high, sell low is the /biz/ way.

>> No.30446931

>>30446785
Allahu akbar

>> No.30447001

>>30446931
allah, piss be upon him

>> No.30447003

>>30446785
I'm FOMOing Monday at $90 or whatever it is by then. Will probably sell friday at $30.

>> No.30447017

>>30446785
Can you recommend any good oil stocks?

>> No.30447035
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30447035

>>30446785
Bro you're fomo-ing in now, I got in when that shit was negative

>> No.30447064

Oil price is unironically about to take a shit with rates.

Theres tankers lined up for miles...nobody needs the shit

I bought calls on DRIP..nice hedge if it pans out the way i think it will

>> No.30447081

>>30447035
same time as me LOL

>> No.30447107

how you long or short oil?

>> No.30447109

>>30446785
>Business travel won’t rebound
>overall travel still down globally

Gonna go ahead and disagree

>> No.30447195

>>30447064
this. demand has shrunk, not grown.

>> No.30447321

>>30447195
see you at $150 a barrel.

>> No.30447396

>>30446785
Remember when oil was -$20 a barrel? Still waiting for my oil delivery.

>> No.30447511

>>30447321

See you at $25...but i have calls either way

>> No.30447740

Most people don't know that 1/3rd of the world's oil goes through that tiny little 24 mile strait in the persian gulf. If there are any altercations there, oil prices will go to prices that you didn't think possible. Not even taking into account an attack on the largest oil production plan in the entire world
I'm talking $300+ prices
The kind of price that makes it impossible for you to drive your car without paying your yearly salary for gas

>> No.30447839

>>30446785
Oh shit my lil oil ETF finna do summin soon

>> No.30447935

>>30447740
wasnt this the plot of syriana?

>> No.30447981

how the fuck do i profit off the price of oil

>> No.30448281

>>30447981
If you're trading a small stack, look at oil companies with lower than $1 billion valuation
If you're a whale, invest in larger oil stocks
Focus on Brent oil companies specifically

>> No.30448410

>>30448281
that's the only way? i cant just invest in oil directly somehow like with an etf that buys oil and holds it like those gold and silver ones or something?

>> No.30448571

>>30448410
You can do ETFs but they won't perform as well due to laggards.
You can also bet on oil directly but since you asked how to profit, I don't think you're fit to do that. Most people will get rekt

>> No.30448867

>>30447740
This is Biden's plan to go Green world wide. Ensuring electric cars are mass adopted, etc.

>> No.30449037

>>30448867
Invest in lithium, graphite, silver, and semiconductors

>> No.30449089

>>30446785
Bruh wasn’t it negative last year. You’re the one that bought high.

>> No.30449095

>>30447740


There wont be...iran knows the consequences

Pumpers have been saying this since 1988..it doesnt matter..iran wont do it they learned their lesson last time they did it

Google operation preying mantis

>> No.30450447

Will domestic production of oil lower the price or will it be offset by a lack from the middle east and south america?