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re: Oil stocks...are you buying?
Posted on 5/27/16 at 9:16 am to dkreller
Posted on 5/27/16 at 9:16 am to dkreller
Would I be late to the game if I went into Shell, Exxon and/or COP in the next week or so? Have a few grand that I would like to get into the market soon. This would be a long term hold. Mainly looking for dividends and long term growth.
This post was edited on 5/27/16 at 9:17 am
2
Posted on 5/27/16 at 11:09 am to stevengtiger
Definitely not too late considering oil hasn't hit 50 yet.
This post was edited on 5/27/16 at 11:09 am
Posted on 5/27/16 at 11:29 am to LSUneaux
Who has the balls to buy some uwti?
Posted on 6/3/16 at 2:31 pm to Porker Face
Rig count went up. Wow. First time in a long, long time.
Posted on 6/3/16 at 4:22 pm to Iowa Golfer
I have been expecting it to eventually. $40 and $45 are breakeven points for a lot of producers. I've also noticed that most/nearly all bankruptcies among producers are for restructuring, not liquidation, so the bankrupt companies can keep pumping at least until the bankruptcy is settled. We might have seen the oil price bottom (who knows, really?), but I think we may be in a low price environment for a few/several more years.
Posted on 6/5/16 at 9:07 am to stevengtiger
Posted on 6/8/16 at 10:45 am to Fat Bastard
EIA report says last week saw a drawdown of 3.2 million barrels of oil in storage. However, gasoline storage increased by 1 million instead of falling, and distillates increased by 1.4 million instead of falling.
Help me here, O&G guys. Don't gasoline and distillates require more oil, like 2 gallons of oil make a gallon of gas or so, depending on oil quality? If so, would that indicate oil supply was greater than demand last week?
Help me here, O&G guys. Don't gasoline and distillates require more oil, like 2 gallons of oil make a gallon of gas or so, depending on oil quality? If so, would that indicate oil supply was greater than demand last week?
Posted on 6/8/16 at 12:56 pm to Omada
CHK has been trending upward and I expect that to continue.
Posted on 6/8/16 at 5:03 pm to Omada
quote:
Help me here, O&G guys. Don't gasoline and distillates require more oil, like 2 gallons of oil make a gallon of gas or so, depending on oil quality? If so, would that indicate oil supply was greater than demand last week?
I've been curious what the relationship to this is as well. The supply does seem to be tightening up ever so slightly, but there also just seems to be a lot of "shifting around".
U.S. Crude Oil Inventories
Jun 08, 2016: -3.226M
Jun 02, 2016: -1.366M
May 25, 2016: -4.226M
May 18, 2016: +1.310M
May 11, 2016: -3.410M
May 04, 2016: +2.784M
U.S. Gasoline Inventories
Jun 08, 2016: +1.010M
Jun 02, 2016: -1.492M
May 25, 2016: +2.043M
May 18, 2016: -2.496M
May 11, 2016: -1.231M
May 04, 2016: +0.536M
U.S. EIA Weekly Distillates Stocks
Jun 08, 2016: +1.754M
Jun 02, 2016: -1.255M
May 25, 2016: -1.284M
May 18, 2016: -3.170M
May 11, 2016: -1.647M
May 04, 2016: -1.261M
There have also been some supply glitches lately; namely the Canadian wildfires and the Nigerian Avenger "woes", but the amounts left in storage are near record levels. It just doesn't seem there is much of an uptick in demand. I think oil collapses to the 30's again. Just my opinion.
Posted on 6/8/16 at 5:23 pm to LSUneaux
HERO declared filed Chp 11 again Monday morning. I'm about to get out with my 6% gain.
Posted on 6/8/16 at 11:03 pm to Dan Bilzerian
quote:
HERO declared filed Chp 11 again Monday morning. I'm about to get out with my 6% gain.
The ol' chapter 22
Posted on 6/8/16 at 11:04 pm to Omada
quote:
I've also noticed that most/nearly all bankruptcies among producers are for restructuring, not liquidation,
no one is gonna liquidate(E&P)
This post was edited on 6/9/16 at 7:12 am
Posted on 6/9/16 at 5:42 am to barry
HERO is intriguing to me as a possible aggressive, speculative play.
The bet would be on assets, and the bet would be that there wouldn't be another bk after this one.
The book value after this bk should be entertaining. I think it's close to $30 right now, but haven't looked in a while.
The bet would be on assets, and the bet would be that there wouldn't be another bk after this one.
The book value after this bk should be entertaining. I think it's close to $30 right now, but haven't looked in a while.
Posted on 6/10/16 at 2:26 pm to Iowa Golfer
@nd weekly report in a row we've added rigs/ B/H survey, +3. We're + 12 the last two weeks.
Posted on 6/10/16 at 2:38 pm to Iowa Golfer
You are seeing the next two years or more playing out barring anything crazy in the ME. Oil will get up around 50, maybe get to 60 and shale cranks up for a 4-6 months and price retreat.
Posted on 6/14/16 at 4:04 pm to TigerDeBaiter
Dreadful oil numbers this afternoon. All three categories this time too.
U.S. API Weekly Crude Oil Stock
Jun 14, 2016: +1.518M
U.S. API Weekly Distillates Stocks
Jun 14, 2016: +3.725M
U.S. API Weekly Gasoline Stock
Jun 14, 2016: +2.254M
U.S. API Weekly Crude Oil Stock
Jun 14, 2016: +1.518M
U.S. API Weekly Distillates Stocks
Jun 14, 2016: +3.725M
U.S. API Weekly Gasoline Stock
Jun 14, 2016: +2.254M
This post was edited on 6/14/16 at 5:52 pm
Posted on 6/17/16 at 1:14 pm to TigerDeBaiter
9 add'l rigs. 10 as one gas rig was added.
Posted on 6/17/16 at 3:36 pm to Iowa Golfer
Wild couple past two days with oil. Probably due to OpEx witching
Posted on 6/19/16 at 8:59 am to TigerDeBaiter
I almost bought some chevron or she'll Friday but decided against it. I'm waiting it out.
Posted on 7/28/16 at 10:31 am to tke_swamprat
quote:Looks like waiting might pay off. I like MRO below $13. They seem to be quick to recover. MUR is volatile too.
I almost bought some chevron or she'll Friday but decided against it. I'm waiting it out.
WTI is back to $41 after spending some time above $50. That seems alarming.
Anyone have any predictions? What happened? Did companies start drilling as soon as it hit $45 and $50 on the way up??
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