- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil stocks...are you buying?
Posted on 2/5/16 at 9:35 am to TheIndulger
Posted on 2/5/16 at 9:35 am to TheIndulger
quote:
Linn energy down 60% today.. Ouch
Co-worker tried getting me to buy this dog....glad I didn't touch it. I tried warning him that was a foolish purchase.
1
Posted on 2/5/16 at 10:34 am to TJG210
COP down to 33 already...
Posted on 2/5/16 at 11:59 am to Brettesaurus Rex
I like the COP chart setup:
Buy 30.50
Hold 52.00 to 59.00 for a correction.
Looks like a lot of buyers coming in.
It could extend below $30.50 to $26 - $29 area though. Hard to say with the dividend cut.
Buy 30.50
Hold 52.00 to 59.00 for a correction.
Looks like a lot of buyers coming in.
It could extend below $30.50 to $26 - $29 area though. Hard to say with the dividend cut.
Posted on 2/5/16 at 12:42 pm to LSU1NSEC
I've got a few hundred dollars I'm thinking about dumping into COP. How low will they go?
Posted on 2/5/16 at 12:47 pm to Blastoise
this is the second day in a row of a 2.50+ drop. i don't think its time to pull the trigger yet
This post was edited on 2/5/16 at 12:48 pm
Posted on 2/5/16 at 5:26 pm to Blastoise
I'm waiting for $26 to $30.50. Would like to see it test its low a couple of times in that area.
Also waiting on S&P500 1780 - think that might be a good area to look for some deals.
Also waiting on S&P500 1780 - think that might be a good area to look for some deals.
Posted on 2/9/16 at 12:33 pm to LSU1NSEC
Posted on 2/9/16 at 1:12 pm to Fat Bastard
Ain't touching that right now 
Nearly every stock I monitor is just dropping like a rock today
Nearly every stock I monitor is just dropping like a rock today
Posted on 2/9/16 at 1:19 pm to Fat Bastard
quote:
anybody buy into UWTI yet??
Posted on 2/9/16 at 1:21 pm to Fat Bastard
quote:
anybody into masochism yet??
FIFY
Posted on 2/9/16 at 2:56 pm to Omada
Posted on 2/11/16 at 8:37 pm to Fat Bastard
Up significantly again tonight. It almost looks like capitulation the way it's jumping around, but I highly doubt that's what it is.
Posted on 2/11/16 at 8:57 pm to Iowa Golfer
More rumors of OPEC cuts as well as Russia and US cease fire agreement. - betting on some destabilization perhaps?
Posted on 2/11/16 at 9:22 pm to TigerDeBaiter
No idea, but it's fun for me to watch the price try to reach equilibrium. I know there's oversupply and lower demand, but I'm guessing at this point the price is independent of any fundamental supply/demand pricing. I don't know enough about it, but I don't think there is a Brent cash contract Cash wti and March are disconnected though.
I do know there's more retail trading at this point of the evening though.
I do know there's more retail trading at this point of the evening though.
Posted on 2/11/16 at 9:23 pm to TigerDeBaiter
quote:What was essentially said was that OPEC would make production cuts if the rest of the world agreed to do the same, IIRC. Even if that were to ever happen, either the overleveraged US shale producers or OPEC would screw everybody else.
More rumors of OPEC cuts
quote:Yeah, a (temporary?) ceasefire has been agreed upon for Syria so that humanitarian aid can come in. I doubt it will last for long.
Russia and US cease fire agreement
Posted on 2/11/16 at 10:05 pm to Omada
quote:
What was essentially said was that OPEC would make production cuts if the rest of the world agreed to do the same, IIRC.
Right, it's purely speculative at this point, but the rumors have been renewed again as of today I believe. But yes, same bs IMO.
quote:
Even if that were to ever happen, either the overleveraged US shale producers or OPEC would screw everybody else.
Agreed. But, when the cash runs out - and it will, things will reverse.
OPEC isn't the problem anyway, it's the shale players. They increased the supply drastically and thought demand would never drop. Kind of like the home builders/land developers during the housing bubble. If you build it they will come.... Well, they stopped eventually, a lot of people went bankrupt and assets were bought for pennies on the dollar.
So, same is going to happen here IMO. In the end I think shale production will be controlled by fewer larger players which will allow for the supply to be controlled more effectively - since their basis for operation will be much less.
That's my very amateur prediction anyway.
As far as a bottom, I called for $30 a long time ago, and think we are close to seeing a bottom. That doesn't mean it's going to go up necessarily.
Posted on 2/11/16 at 10:18 pm to TigerDeBaiter
What I'm looking for/expecting is that oil will drop below $25 long enough for the overleveraged shale producers to go bankrupt and for most/all of the survivors to cut capex. (Maybe one/some of the weaker OPEC countries default/face rebellion/civil war, etc, but it's not necessary.) This will cut supply in the short and long term, and prices will rise as stored oil is consumed. Capex eventually starts to pick back up, but the amount of time it takes to get production and wells up and running or back online, demand will suprise supply, and we will be back in an oil bull market.
At least, that is how I have interpreted what happened in previous oil busts. Oil never seems to find true equilibrium; capital and time necessities lead to delayed responses on the supply side, resulting in such strong bull and bear markets. Though, to be fair, it seems that nearly every market operates in a similar fashion but under different time frames.
At least, that is how I have interpreted what happened in previous oil busts. Oil never seems to find true equilibrium; capital and time necessities lead to delayed responses on the supply side, resulting in such strong bull and bear markets. Though, to be fair, it seems that nearly every market operates in a similar fashion but under different time frames.
Posted on 2/11/16 at 11:46 pm to Omada
Sounds reasonable to me.
I was reading an article the other day (which I cannot find now) that was discussing whether or not the US could someday become a swing producer like OPEC now that we control so much of the supply. The general consensus pointed towards "not likely" for a couple reasons. The fragmented nature of the US industry versus a coordinated cartel was paramount, as well as your points on capital on time lags. Time will tell if shale can gain enough efficiency to change those last two elements.
I was reading an article the other day (which I cannot find now) that was discussing whether or not the US could someday become a swing producer like OPEC now that we control so much of the supply. The general consensus pointed towards "not likely" for a couple reasons. The fragmented nature of the US industry versus a coordinated cartel was paramount, as well as your points on capital on time lags. Time will tell if shale can gain enough efficiency to change those last two elements.
Posted on 2/12/16 at 9:36 am to Omada
I think the bottom is in for oil. Looking for a correction back to $50/$60 in next few months.
Posted on 2/12/16 at 9:41 am to LSU1NSEC
Based on what? Supply is still trending way up
Page 16 of 33
Popular
Back to top
Follow TigerDroppings for LSU Football News