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is it time to start owning oil and gas? looking at halliburton
Posted on 1/6/15 at 7:10 am
Posted on 1/6/15 at 7:10 am
looking back at history, it lookst like they have a pretty hard floor around 32ish. at 38 now, should i wait to see if it breaks through the floor? how much further will crude oil drop? guys in the know please advise. thanks
LINK
LINK
This post was edited on 1/6/15 at 7:11 am
6
Posted on 1/6/15 at 7:41 am to roguetiger15
I keep reading various places that they expect oil prices to continue to fall until mid year. I think I'm going to hold off until I see consecutive weeks of continuous incline
Posted on 1/6/15 at 8:38 am to Delacroix
I think the 10 year low for WTI is around $40.
I think it's a no brainer to load up on oil in the near future.
I think it's a no brainer to load up on oil in the near future.
This post was edited on 1/6/15 at 10:28 am
Posted on 1/6/15 at 9:16 am to roguetiger15
Posted on 1/6/15 at 9:24 am to aaronb023
quote:
I think it's a no brainer to load up on oil in the near future.
That's what scares me about it. Seems too good to be true.
I think it's probably going to dip into the low 40s. I doubt it goes below 40 but if it does, I'll be loading up on something. I just need to research what right now.
Posted on 1/6/15 at 9:38 am to aaronb023
HAL hit $15 after the 2008 oil crash
Posted on 1/6/15 at 9:57 am to lsuguru
i think its safe to say that 15 was directly correlated to the events that happen, making it an outlier
Posted on 1/6/15 at 10:04 am to roguetiger15
quote:
is it time to start owning oil and gas? looking at halliburton
You can't guess the bottom, I'm starting to buy my way down.
Posted on 1/6/15 at 10:23 am to barry
I am waiting for there to be considerable amounts of oil firms shutting down that aren't the "big ones" before I invest.
Posted on 1/6/15 at 1:01 pm to barry
yep, I called and setup a meeting with my guy for friday. I will buy my way down and sell when it reaches 100-120 again, because it will eventually. I don't work in oil per say but I work at the plants, so this does affect me some and this is my way of evening out at the min.
I truthfully believe that on just crude alone, if you are smart, you can double your money in a year.
I truthfully believe that on just crude alone, if you are smart, you can double your money in a year.
Posted on 1/6/15 at 1:05 pm to lsu777
Does how smart I am affect what the price of oil does in the next year?
Posted on 1/6/15 at 1:19 pm to roguetiger15
I think it's time to nibble on oil & gas related stocks. If WTI hits ~$42-43, I would absolutely add more.
I really like COP, NOV and CHK.
I really like COP, NOV and CHK.
Posted on 1/6/15 at 1:34 pm to Dr Rosenrosen
quote:
CHK
Is in a lot better position than they were when they were so heavy in the Haynesville Shale. They just sold a bunch of their Marcellus Shale holdings to Southwestern.
That leads me to believe they have a lot of cash on hand to stay put with.
ETA: We were just talking about it in the office and my boss says he's buying more XOM. It's a big boy that pays a good dividend trading near it's 52 week low.
This post was edited on 1/6/15 at 1:50 pm
Posted on 1/6/15 at 2:31 pm to Clyde Tipton
I agree. I think CHK is in much better shape now. Still a long way to go, but a good buy and hold candidate.
XOM and COP are so cheap it hurts.
XOM and COP are so cheap it hurts.
Posted on 1/6/15 at 2:47 pm to roguetiger15
How would y'all advise a stock market noob to go about getting into the O&G market? There is no way it stays down, and it seems like a really good investment, especially if it drops for a while longer. Obviously it's impossible to guess the bottom, or when the swing back up will happen, but how should I go about getting into it in general? What companies should I look at.....etc...?
Posted on 1/6/15 at 3:47 pm to VaBamaMan
quote:
How would y'all advise a stock market noob to go about getting into the O&G market? There is no way it stays down, and it seems like a really good investment, especially if it drops for a while longer. Obviously it's impossible to guess the bottom, or when the swing back up will happen, but how should I go about getting into it in general? What companies should I look at.....etc...?
THIS
Posted on 1/6/15 at 4:00 pm to JakeMik
Buy energy ETFs
Posted on 1/6/15 at 9:11 pm to roguetiger15
If this downturn is anything like when the Saudis drove the price down in the 80s, then we are in the early innings. Buying bits of strong balance sheet companies as they go down from here is a decent way to play this. Prices though may not snap back as fast as some think.
Posted on 1/6/15 at 9:29 pm to white perch
I have limit orders at 15, and12.50 for uso ......
Posted on 1/6/15 at 10:09 pm to vuvuzela
Keep an eye on Petrobras, it's $6 a share, the only way it stays this low is if the whole country goes under. They have had lots of delays and scandals but they are getting those worked out. They are still drilling and even picking up more rigs while the market is low. Once they get everything lined out they should make some big profits. It may take a few years but at this price it is worth the chance.
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