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re: Oil stocks...are you buying?

Posted on 2/12/16 at 9:56 am to
Posted by Zach
Gizmonic Institute
Member since May 2005
112511 posts
Posted on 2/12/16 at 9:56 am to
I would be buying if my portfolio wasn't already oil stock heavy.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 2/12/16 at 10:04 am to
quote:

Based on what?


my own personal charts

Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 2/12/16 at 10:07 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/12/16 at 10:13 am to
I think we're within $5ish of the bottom. Just not sure if, or how long it stays sideways. I had thought the two inventory reports actually had some hints of bullish information.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 2/12/16 at 10:15 am to
simple technical analysis


eta: I posted this yesterday btw lol

quote:

spx has tested 1804 three times now.

nice rally around the corner imo
This post was edited on 2/12/16 at 10:17 am
Posted by The Egg
Houston, TX
Member since Dec 2004
79155 posts
Posted on 2/12/16 at 10:25 am to
dang...wti and uwti making moves today
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 2/12/16 at 10:30 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/12/16 at 10:53 am to
I down voted my own post. May as way join in with everyone else!
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 2/12/16 at 10:58 am to
think we've entered a huge counter-trend rally for next few months. should be strong moves up and down - difficult to trade

counter-trend rally aka "correction", "dead cat bounce"
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 2/12/16 at 11:28 am to
I agree. Problem is, $5 is like 20% these days.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/12/16 at 11:34 am to
Could be, but $5 bucks more and some OPEC producers aren't able to sustain. Some, not all.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/17/16 at 8:11 am to
Old Warren B going long oil through KMI. I'm assuming that moved the price yesterday and this morning.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72734 posts
Posted on 2/17/16 at 9:06 am to
I bought more COP yesterday.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 2/17/16 at 11:57 am to
Damn baws check this surge out this morning
Posted by Bernie_Madoff
Jail
Member since Feb 2016
171 posts
Posted on 2/17/16 at 12:30 pm to
Baron's isn't feeling the KMI purchase

quote:

Barron's Andrew Bary believes the purchase probably was taken by either Todd Combs or Ted Weschler rather than Buffett himself; Berkshire does not disclose which manager buys which stocks, but smaller holdings generally are initiated by Combs or Weschler, who each run ~$7B of the equity portfolio, while Buffett oversees more than $100B.

Bary also notes that KMI emphasizes distributable cash flow, while Buffett prefers to focus on free cash flow - "something Kinder Morgan doesn’t have a lot of... [KMI] has sizable capital expenditures beyond just the 'sustaining' capital expenditures included in its DCF calculation. As a result, it is not left with much free cash flow.

"Even if Buffett did take the position, Bary says he has not had a good investment record in recent years, and Berkshire may have a loss in KMI if it bought its entire position in Q4, as it fell sharply when the company cut its dividend by 75% in December.


Translation- Buffet didn't really buy KMI so it's not good news. And even if he did, he sucks at investing so it's not good news
Posted by ZacAttack
The Land Mass
Member since Oct 2012
6416 posts
Posted on 2/17/16 at 6:24 pm to
So, Is now a good time to buy or will prices keep going down?
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 2/17/16 at 6:45 pm to
Earlier in the week was a great time. There's been a spike yesterday and today but still not a bad time at all looking long term still.
Posted by C
Houston
Member since Dec 2007
27825 posts
Posted on 2/17/16 at 6:52 pm to
I'm with Iowa. We aren't at the bottom.
Posted by Bernie_Madoff
Jail
Member since Feb 2016
171 posts
Posted on 2/17/16 at 6:59 pm to
Honestly, it depends on the person. I think that it is a great time to buy if you are a good stock picker. Options almost seem like a better play right now since it's all speculative anyways.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7138 posts
Posted on 2/17/16 at 7:12 pm to
I bought and sold some CPE today for a quick 3% gain
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