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re: Time to buy some XOM(Oil stock discussions)?

Posted on 8/15/15 at 7:30 am to
Posted by Summer of George
Baton Rouge
Member since Apr 2010
5995 posts
Posted on 8/15/15 at 7:30 am to
Yeah I think it will be at 70 in 2016. I could go long but no extra cash at the moment. I'm planning to exit a few long positions in January and I'll start looking for an entry on oil.
Posted by GREENHEAD22
Member since Nov 2009
19608 posts
Posted on 8/15/15 at 8:39 am to
I hope your right but have to disagree. What do you see that is going to lead to that kind of recovery?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/15/15 at 9:06 am to
quote:

Well I just wrote a long message and it went away. Not re typing but basically I'd hold off for a few days maybe a couple of weeks. I've been watching the vix and everything related to it recently and we could be approaching a buying opportunity. The contango chart has been dropping. Nothing has stood out to me though. All this is solely based on vix. Lots of other factors. I'm holding off until I see signs of a big move up and going to go large. Maybe a few days maybe a few weeks


Oil VIX, or VIX?

Rig count. We're getting awful close. I'll probably go ahead and go long oil soon. I can't time the bottom, and I have a long time horizon.
Posted by thatguy777
br
Member since Feb 2007
2386 posts
Posted on 8/15/15 at 4:05 pm to
VIX
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2796 posts
Posted on 8/19/15 at 10:25 am to
I just got an alert from my trading account that XOM is below my alert price of $76.30. The 52 week low is $76.26. I will be watching closely.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 8/19/15 at 10:59 am to
my target for $WTIC is 27 to 29. Oil getting crushed today and going lower imo.
Posted by LSUneaux
NOLA
Member since Mar 2014
4490 posts
Posted on 8/19/15 at 11:56 am to
COP now has a dividend yield of 6.25%.
Posted by Jag_Warrior
Virginia
Member since May 2015
4106 posts
Posted on 8/19/15 at 5:58 pm to
It's on my watch list with a $45.50 alert, which should yield roughly 6.5%. When I finally get my fingers burned playing with SCO, that may prompt me to take a taste of COP for a longer term hold.
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 8/19/15 at 10:34 pm to
How low can MRO go?!
It took a 7% EXXI/DNR type plunge today.

$16.23/share
Posted by zbra24
Haughton
Member since Sep 2008
474 posts
Posted on 8/19/15 at 11:55 pm to
Been watching and thinking I want to buy and hold some oil stock long term. I am really interested in buying CVX and XOM.

My question is this - i do not have any type of brokerage account - just a employer 401K. Should I just open an online account with TD Ameritrade or eTrade and buy what I want? If so - can anybody recommend an online brokerage firm to go with for my needs?

If not - what do you suggest? All advice is welcome.
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45568 posts
Posted on 8/20/15 at 7:50 am to
I like Scottrade. Been with them for 5 years with no issues. $7/trade
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 8/20/15 at 8:30 am to
Jumping into this after seeing oil almost in the $30 range.

Has anyone mentioned BNO (US Brent Oil) and IXC (iShares Global Energy)?
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 8/20/15 at 1:18 pm to
Bought some RDS.A for $54.50 today. The nearly 7% dividend is looking great.
Posted by abitabrewed4LSU
Houston, TX
Member since Feb 2009
1078 posts
Posted on 8/21/15 at 3:20 pm to
Bump.

Sub $40 oil today. Crude Oil Prices
Posted by Jag_Warrior
Virginia
Member since May 2015
4106 posts
Posted on 8/21/15 at 7:53 pm to
Burned on AAPL. Saved by SCO and SPXS. I saw the alert on COP hit, but I didn't buy. I'll take the weekend to look at how bad the technical damage was this week.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 8/22/15 at 9:21 am to
I've always maintained very, very conservative equity investment philosophies. It isn't often when portfolio insurance breaks even, and that isn't the strategy for insuring gains in any event. Or insurance in general, notwithstanding the comments on here about cheapest is always best. But I digress.

Not being able to time the top of VIX, I sold to close yesterday at a strike of $26.00, which paid for my last two years of insurance, and gave me a bit of cash.

It's been a tough year. I went through this morning and I'm up unrealized gains of 14.45%, but realized gains, which is really the only number that counts, is slightly above 12%. The only reason 12% is at 12%, is insurance. Period. If I backed out net cost and gain, I'd be level for the YTD.

This is my after tax account. Obviously the retirement account I have at my business, managed by "experts", hasn't fared as well. Partially my fault as I went in to sme income funds likely too early.

In any event, I stand by now looking for capitulation, mostly in the oil sector, but am open to ideas in other areas.

The technical guys can't seem to determine a technical bottom, so Monday should prove interesting.

Having an extremely well balanced portfolio, my hope is we drop another 25% at least. I'm trying to get my head around how much VIX I could collect, and a decent point to sell about 25-40% of my metals at that point.
Posted by SomeGuyFromLA
Texas
Member since Dec 2014
139 posts
Posted on 8/22/15 at 11:36 am to
Fortunately I've got a long horizon. Doesn't make owning XOM, SDRL, VDE, CVX or MRO any easier to swallow. I'm getting slaughtered
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80781 posts
Posted on 8/22/15 at 12:04 pm to
quote:

Fortunately I've got a long horizon. Doesn't make owning XOM, SDRL, VDE, CVX or MRO any easier to swallow. I'm getting slaughtered

Agreed.
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 8/22/15 at 12:32 pm to
IG, when I saw VIX gain 46% on Friday...let me say that again, FORTY-SIX percent in ONE day...I thought of you and your insurance monologues
Congrats

Regarding oil: I'm about to pick up extra work in the afternoons, sell most of my clothing, and trim any fat off my budget to buy ALL the MRO I can buy when it hits $9.99
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80781 posts
Posted on 8/22/15 at 1:02 pm to
I see you mention MRO often. Why them over others like XOM, CVX, BP?
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