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re: Oil stocks...are you buying?

Posted on 8/12/16 at 1:17 pm to
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 8/12/16 at 1:17 pm to
Oil prices are going up by next month....this time....we really mean it, too...we hope...I mean if we are saying it, it must be true...right?
Posted by GREENHEAD22
Member since Nov 2009
19600 posts
Posted on 8/12/16 at 1:22 pm to
I am hoping like hell they make it or at least come up so I can get out. IMO I would not be putting any money into shale players. I think this is going to drag out a whole lot longer than most are thinking. There are very few shale guys who are breaking even with these prices and will be even less when service prices come back up which is already starting to happen. There are only a few plays, mostly the hot spots in the Permian and the Stack that are able to break even right now.

I made some hasty buys without doing my research in WLL and Bonanza and it is biting me in the arse right now.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/12/16 at 3:07 pm to
I just saw this. Rig count has steadily increased for about 6-8 weeks now.
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 8/12/16 at 3:11 pm to
But OPEC promised to cut! And they mean it this time!!

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/12/16 at 3:20 pm to
Not sure if you think I'm an oil bull, but if so, you are incorrect. I'm neither a bull or bear if you read through this thread. Actually, I have been both, but probably more accurate to say I'm more bearish for the time being.
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 8/14/16 at 12:15 pm to
Wasn't really responding to anything you said.

Just making the point that despite an ever growing glut, we continue to have these mini rallies because of rumors of production cuts, all while turning a blind eye to the increasing rig count.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12577 posts
Posted on 8/17/16 at 8:23 am to
Right!
Posted by Omada
Member since Jun 2015
695 posts
Posted on 8/17/16 at 12:03 pm to
Yeah, OPEC won't cut. I think they realize that if they make cuts that raise prices, those prices will get some shale wells producing, and the net result is less money and available customers for the OPEC members.

Of course, that's also assuming all of OPEC's members stay honest with a production cut, and that's highly unlikely.

So long as shale is possible and viable, OPEC is de-fanged. We did it, America!
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11432 posts
Posted on 8/17/16 at 3:11 pm to
OPEC....welcome to the maze you created, choke on it
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/31/16 at 5:01 pm to
man, page 7, i wonder why
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 9/1/16 at 10:54 am to
Oh look, oil tanking. Again.

Looks like the "production cut rumors" we're* bullshite for the tenth time in a row.

*were... Damn iPhone
This post was edited on 9/1/16 at 11:10 am
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72651 posts
Posted on 12/7/16 at 10:30 am to
brent crude currently at 53.50

it is a start
Posted by The Cool No 9
70816
Member since Jan 2014
9960 posts
Posted on 12/7/16 at 11:12 pm to
Chevron oasis marathon and whiting all went up like $3 a share following the OPEC decision to cut production I got in after that but hopefully I'm gonna eee some returns this week
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 12/8/16 at 7:16 am to
quote:


White Perch,

I've been hitting CPE for almost 2 years now at numbers between $4-$10 per share. I bought a bit at $6 today. For 2016 I'm sitting on quite a lot. Last year I was buying and selling in 10 days for a $1 swing in share price.

Bought CLNE and PBR this week. Not new positions in either.


I had to look back on when I added to these symbols. Holding all three. CLNE has been dead money all year.

I've bought stuff lately. Been adding D even though it's not a straight up energy play.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72651 posts
Posted on 12/8/16 at 10:13 am to
I am way up now with my COP. I had bought going up and going down last time. All the shares i bought at the bottom is paying off huge. I am hoping eventually it can get to around 80 or close to that again. if so this will be a gargantuan return. I'm patiently holding raking in dividends. Same with RDSB.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80778 posts
Posted on 12/8/16 at 6:37 pm to
quote:

Same with RDSB.
I've hated my RDSB holding solely because the dividends they are issuing are class A stock and cannot be reinvested on Fidelity and Vanguard. Instead of a dividend automatically buying partial shares like all of my other stocks, RDSB sells the class A share dividend and deposits the money in my account. Costs $7 per trade to buy more so it makes no sense to take that money and buy additional RDSB shares as if it was reinvested
Posted by GREENHEAD22
Member since Nov 2009
19600 posts
Posted on 12/8/16 at 7:50 pm to
Damn didn't know that. This whole time I thought it was getting reinvested. This sucks, they're my third or fouth biggest holding.
This post was edited on 12/8/16 at 7:53 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72651 posts
Posted on 12/8/16 at 8:22 pm to
yep. I'm letting my RDSA build up. When the time is right I will be liquidating my RDSB and A positions.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80778 posts
Posted on 12/8/16 at 8:29 pm to
As a US investor, you have to pay a special tax on dividends distributed from RDSA shares. That is why RDSB shares exist, for US buyers
This post was edited on 12/8/16 at 8:30 pm
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 12/8/16 at 9:21 pm to
quote:

As a US investor, you have to pay a special tax on dividends distributed from RDSA shares. That is why RDSB shares exist, for US buyers
Many people can claim the foreign tax credit on these dividends though.
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