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Message
Whiting Oil - boards opinion
Posted on 9/9/16 at 1:56 pm
Posted on 9/9/16 at 1:56 pm
So I am down about 30% give or take on my position with them, originally took a shot in hopes they were going to be bought out but that went bust. I am expecting oil to see the 30s again this winter and am wondering if it would be worth to avg down or stay put and try and ride it out. Unfortunately they are almost exclusively in the Bakken which hasnt proved as resilient as other areas like the Permian and Stack.
Posted on 9/9/16 at 2:36 pm to GREENHEAD22
quote:
originally took a shot in hopes they were going to be bought out but that went bust
quote:
I am expecting oil to see the 30s again this winter and am wondering if it would be worth to avg down or stay put and try and ride it out.
:magic8ball:
This post was edited on 9/9/16 at 2:37 pm
Posted on 9/9/16 at 2:53 pm to GREENHEAD22
If you expect it to go lower why not just sell now and buy lower. That way you don't lose even more money along the way.
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