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re: Time to buy some XOM(Oil stock discussions)?
Posted on 8/6/15 at 7:57 am to Fat Bastard
Posted on 8/6/15 at 7:57 am to Fat Bastard
Opportunity here. Not time quite yet in my opinion, but it's coming.
0
Posted on 8/6/15 at 1:30 pm to bayoubengals88
quote:I wish I would have been just watching since the fall as well
TTT: I've yet to open an energy position, and I've been watching since last fall.
My RDS-B, COP, and KMI holdings are looking ugly. However, holding long term so the dividends are reinvesting at a very nice low price. quote:I really hope a bottom is somewhat soon. I have cash, but things keep falling so I'm stting tight until it starts going back up. I'd rather miss the bottom and get in just after than get in now and it slide another 20-30%
Once I pile up some more cash (just bought a house), I'll be looking to buy COP or MRO. I want that absolute bottom!!
Posted on 8/6/15 at 1:34 pm to TigerTatorTots
Been eying Chevron (CVX) and Stone Energy (SGY) for last few weeks.
Kind of nervous to get in now and still decline into Q4. Looking to get in big when there's a consistent upswing or the oil chicken littles stop
Kind of nervous to get in now and still decline into Q4. Looking to get in big when there's a consistent upswing or the oil chicken littles stop
Posted on 8/6/15 at 1:57 pm to Toula
The 5% CVX dividend has my mouth watering but I'm waiting it out. I definitely see things going lower before starting its way back up
Posted on 8/6/15 at 6:26 pm to TigerTatorTots
True enough. But that was a stock that's experienced a 75% + fall over a 12 month span. SDRL had significant fundamental problems, including cash flow, that the majors being discussed don't (yet) have. So yes, if the oil and commodities markets totally collapse, taking even the well capitalized majors along with them, no dividend would be safe. But I would have hit the sell button long before it ever got that bad anyway - the dividend is meaningless in the face of that.
IMO, the emphasis that the COP CEO (or CFO?) put on the dividend was a message to institutional investors as to their attitude. Having worked for a couple of Fortune 500 companies that went through tough times, the message is: "we'll chop heads, freeze salaries, reduce benefits and put grandma on a street corner before we cut or eliminate the dividend." But if/when the walls come down, they'll do what they have to do.
IMO, the emphasis that the COP CEO (or CFO?) put on the dividend was a message to institutional investors as to their attitude. Having worked for a couple of Fortune 500 companies that went through tough times, the message is: "we'll chop heads, freeze salaries, reduce benefits and put grandma on a street corner before we cut or eliminate the dividend." But if/when the walls come down, they'll do what they have to do.
Posted on 8/6/15 at 10:47 pm to TigerTatorTots
Have held off and glad I have. Havent had much time to do research but the little I have done and my gut has me thinking things are going to get worse. I wouldnt be surprised at 40$ Brent by the end of the year. Also there are about to be a bunch of M&As and companies going under. I cant help but think that XOM has something big planned as they stayed on the sidelines for awhile now in the past downturns. Trying to figure these out and making $ on them is the trick.
Posted on 8/7/15 at 1:36 pm to GREENHEAD22
Looks like XOM is starting to buy up Permian assets
Posted on 8/7/15 at 2:16 pm to b-rab2
I saw that but I cant help but think they are looking to make a big acquisition. I have always thought someone like APC.
Posted on 8/7/15 at 5:23 pm to bayoubengals88
quote:
We need to make one thread titled time to buy some __________?
SCO. I added this 3x short crude ETF to my watch list last night and it shamed me today with a 4.73% move up.
I don't trade commodities. But since coming to this board, I've been paying a lot more attention to the daily movements of oil. In trying to build a technical trading model, I started looking at SCO, among other commodity and currency ETFs. When I saw that spike, the only thing I could do was walk to the mirror and say, "smooth move, dumb azz!"
Posted on 8/7/15 at 5:52 pm to Jag_Warrior
stay away
Posted on 8/7/15 at 6:44 pm to b-rab2
I'm likely late to the game with SCO: + 79% over the past three months, + 259% over the past year. But as a means to go short (or long), without delving into futures or options on futures, I definitely see that I need to expand my game into ETF trading.
I know there are a couple of others here who trade fairly frequently. Which ETFs have you been following? We can stick with oil, since that's what the OP is about. But if you want to bring up any other sectors, that should be OK.
I know there are a couple of others here who trade fairly frequently. Which ETFs have you been following? We can stick with oil, since that's what the OP is about. But if you want to bring up any other sectors, that should be OK.
Posted on 8/11/15 at 8:06 am to Jag_Warrior
Some technical indicators on XOM. Not sure about rig count, but am looking for a reasonable entry point on select oil stocks. Never time the market. Laffy.
Posted on 8/11/15 at 7:06 pm to Iowa Golfer
If one doesn't truly follow and know a market, I would agree with that. But I just couldn't help myself. Although I'm not an oil (or commodity) market player, I could find no sound or fundamental reason for yesterday's rally. So I took the flyer on SCO on yesterday's close. I'll carry it through the open tomorrow and see how things look then. But this one was based purely on gut feel - one of the cardinal sins that I typically preach against.
I may play it all back on this AAPL trade to atone for my sins though.
I may play it all back on this AAPL trade to atone for my sins though.
Posted on 8/11/15 at 8:25 pm to Jag_Warrior
Refinery shut down yesterday. Some other factors, but mostly the shut down.
Posted on 8/12/15 at 12:50 pm to Iowa Golfer
I'll chalk this one up to "even a blind squirrel can find a nut in the dark every now & again."
Outside of option trades and a move I got in GPRO last year, this was one of the biggest two day moves I've had in a trade for quite some time.
Outside of option trades and a move I got in GPRO last year, this was one of the biggest two day moves I've had in a trade for quite some time.
Posted on 8/12/15 at 2:36 pm to Jag_Warrior
Soon. Soon.
Posted on 8/14/15 at 9:54 pm to Iowa Golfer
Short term bottom?
Posted on 8/14/15 at 10:12 pm to Jag_Warrior
Well I just wrote a long message and it went away. Not re typing but basically I'd hold off for a few days maybe a couple of weeks. I've been watching the vix and everything related to it recently and we could be approaching a buying opportunity. The contango chart has been dropping. Nothing has stood out to me though. All this is solely based on vix. Lots of other factors. I'm holding off until I see signs of a big move up and going to go large. Maybe a few days maybe a few weeks
Posted on 8/14/15 at 10:24 pm to thatguy777
Mid 2016 when oil is near $70/barrel is when I'm jumping in.
Posted on 8/14/15 at 10:35 pm to Summer of George
Do you think oil will go over 70/barrel in the near future after mid 2016? If you think that why wouldn't you go long now? Just curious
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