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Anyone buying energy stocks yet?

Posted on 4/2/15 at 9:04 am
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 4/2/15 at 9:04 am
* I read we're still have tremendous over supply and they can't even find storage for all the excess
* Demand isn't changing
* After steady oil price decline, we've been stable for 3 months
* I've been getting a least 1 new 5* upgrade from Morningstar a week for energy stocks for a month or so.
* and MOST importantly, Cramer is saying it may be time to start buying service companies like Schlumberger.

I bought in a month or so ago, but sold out when I started hearing that the excess supply was still growing. Thinking about testing the waters again.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/2/15 at 9:15 am to
Waiting until mid June to analyze.
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 4/2/15 at 9:18 am to
I'd wait until the Iran deal is completed.
Posted by DirtyMikeandtheBoys
Member since May 2011
19422 posts
Posted on 4/2/15 at 9:29 am to
I bought PES yesterday at $5.54

Been eyeing

CXO as well.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17718 posts
Posted on 4/2/15 at 9:46 am to
Probably best to wait on Iran and June interest rates as others have already stated.
Posted by Creamer
louisiana
Member since Jul 2010
2817 posts
Posted on 4/2/15 at 10:17 am to
Who all are y'all keeping an eye on?
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 4/2/15 at 10:28 am to
HOS, NOV, APA
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/2/15 at 1:37 pm to
Not the interest rates, the borrowing bases.
Posted by FelicianaTigerfan
Comanche County
Member since Aug 2009
26059 posts
Posted on 4/2/15 at 3:04 pm to
I was watching to see if anything would happen with the Saudi's involvement in the ME fighting but I guess they would have to be attacked in country for this to move oil prices
This post was edited on 4/2/15 at 3:06 pm
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 4/2/15 at 3:15 pm to
If you try to guess the bottom, good luck. Buy on the way down. Prices haven't fluctuated too much.

I bought WFT and BHI several months ago, they are both up a bit though.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72664 posts
Posted on 4/2/15 at 7:58 pm to
Yep I've added to my positions on the way down.
Posted by Rhino5
Atlanta
Member since Nov 2014
28898 posts
Posted on 4/2/15 at 9:00 pm to
I've bought alot. They scare you while they buy for cheap.
Posted by Rhino5
Atlanta
Member since Nov 2014
28898 posts
Posted on 4/2/15 at 9:00 pm to
I have some WRES
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7136 posts
Posted on 4/2/15 at 9:20 pm to
I picked up RYE (an energy ETF)
Posted by mule74
Watersound Beach
Member since Nov 2004
11301 posts
Posted on 4/3/15 at 12:12 pm to
Bought FCX at $16 and change. Not a true energy firm though I guess.

Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 4/3/15 at 5:45 pm to
quote:

MOST importantly, Cramer is saying
Yeah, no
Posted by LawLessTyGer
Bay of Ponchartrain
Member since Jan 2009
1256 posts
Posted on 4/3/15 at 7:15 pm to
When did FCX dip to $16? I bought it around $18.50 in January , will buy more if it get down to $15

Also wanted to ask you guys how much you buy at one time? I usually don't make a stock purchase unless I'm buying at the minimum 5k, in the few transactions I have had, it's normally around 10k though..
Posted by mule74
Watersound Beach
Member since Nov 2004
11301 posts
Posted on 4/3/15 at 9:21 pm to
quote:

Posted by LawLessTyGer
When did FCX dip to $16? I bought it around $18.50 in January , will buy more if it get down to $15

Also wanted to ask you guys how much you buy at one time? I usually don't make a stock purchase unless I'm buying at the minimum 5k, in the few transactions I have had, it's normally around 10k though..



Looks like I bought on Jan 30 for 16.78.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67940 posts
Posted on 4/4/15 at 8:19 am to
speaking of,

anyone have a triple levered energy ETF bull they like?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/4/15 at 8:26 am to
From my understanding DIG and DUG are the best of breed. I didn't do the research myself, so take that with a grain of salt.
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