Oil Stock

[jewozzy]

What say you guys on oil Stock right now? Has it bottomed out? OPEC gunna revive the truce between SA and Russia? I'm thinking of going with Exxon Mobile or Chevron as a long play but I'm wondering if it's time or I should still wait a bit. WIT is another one I like but no dividends.

On a side note I'm thinking about Ford as well and possibly something in the REIT sector. I'm still pretty young in big picture of things but I've always liked dividend stock but with the current climate of dividend/growth opportunity it would be nice to do something that can pay off big.

[svauto-erotic855]

I bought a bunch of XOM at just above $30 per share. My intent is to hold on to it for the long run. My other big winner was Cigna.

[one slow 5.0]

Ive bought PAA, ET, and TRGP in the past couple weeks. Also picked up some Royal Caribbean.

[slow99]

The best buys our there right now are the major hotel REIT preferred equity shares IMO. I've already created my own severance the last 3 weeks with those bastards.

[jewozzy]

The best buys our there right now are the major hotel REIT preferred equity shares IMO. I've already created my own severance the last 3 weeks with those bastards.

I love REITs. If this ends up being similar to 08-09 then REIT will triple within 2-3 years. I want to find something I can invest now, not touch and in 20 years be thankful for. I'm luckily in a position where I've got a good amount of liquid cash right now and some more on the way in addition to having a full pension when I turn 53. So anything I invest in now is just putting a cherry on top.

[garycrist]

A funny thing about gasoline prices. The price usually
hoovers at about $.10, yes one dime! That is if it is
a silver dime.

Just a little tidbit from an old "silver bug".
I one paid $600 face for a new 360 Duster..

[Trip McNeely]

You can pick up CHK on the cheap. What like .16/share right now? There's lots of bargains right now in Energy, and it looks to be the bottom or close to. I live this every day unfortunately lol.

[Strychnine]

A funny thing about gasoline prices. The price usually
hoovers at about $.10, yes one dime! That is if it is
a silver dime.

Just a little tidbit from an old "silver bug".
I one paid $600 face for a new 360 Duster..

More words please... what are you actually trying to say here? First read sounds like something Joe Biden would say during a speech.

[Broncojohnny]

It is hard to convey how much risk there is right now in oil companies. The short term play is that the Saudis and Russians come to a meaningful production cut soon, instead of that bullshit one they made today. The long term play is that the west Texas supply starts tapering off soon.

In any event, I'd pay close attention to the debt of any company that you acquire. The fortress balance sheets that are out there are geared toward surviving these downturns, others with lots of debt are not.

[dblack1]

What company out there in oil exploration it drilling doesn't have a metric fuck ton of debt?

[Trip McNeely]

What company out there in oil exploration it drilling doesn't have a metric fuck ton of debt?

I can tell you a NG Company that doesn't. COG.

[garycrist]

During the 1960's gas wars would sometimes get gasoline
down around $.10- $.25 (sometimes the blue stuff 103 octane).
The silver dime reference. Silver price was less than the cost of the
dime too.

By the 70's inflation from the FKN Viet Nam war prices and the
Hunt brothers started working on silver. One could still buy
$1 silver certificates (dollar bills) sometimes for face or a very small
premium. Turn them in at the fed banks and collect at last
count IIRC $1.86 not a bad haul!

When gasoline and oil prices were held artificially high in the 2000's
silver fell as well as gold. 1/10 oz US gold was around $25-$28ish.

We now are back to par as of close today asilver dime was worth $1.12
ans gasoline at $.75 + $.40 tax is......

Does this help?

[Trip McNeely]

Haiku?

[1carcrazyguy]

I am holding OXY, although not a bunch. I have been trading in/out of it for the last 2 weeks. Oil will take off after Putin’s April 22 referendum vote. He wants his people to seem like he controls the world until that is over. Then he can save face and step back once the vote is done.

[jewozzy]

You can pick up CHK on the cheap. What like .16/share right now? There's lots of bargains right now in Energy, and it looks to be the bottom or close to. I live this every day unfortunately lol.

I think they are on the brink of collapse I read. Not saying they can't get out but even if they do survive this short term drop I don't know that they can hang around long.

It is hard to convey how much risk there is right now in oil companies. The short term play is that the Saudis and Russians come to a meaningful production cut soon, instead of that bullshit one they made today. The long term play is that the west Texas supply starts tapering off soon.

In any event, I'd pay close attention to the debt of any company that you acquire. The fortress balance sheets that are out there are geared toward surviving these downturns, others with lots of debt are not.

I am holding OXY, although not a bunch. I have been trading in/out of it for the last 2 weeks. Oil will take off after Putin’s April 22 referendum vote. He wants his people to seem like he controls the world until that is over. Then he can save face and step back once the vote is done.

I like the idea of buying WTI on the cheap right now too but they have a lot of debt. They could be a good one just to hold onto for a month or so though.