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Started By
Message
War is good for your oil stocks.
Posted on 3/8/22 at 12:26 pm
Posted on 3/8/22 at 12:26 pm
I have to admit, ever since this invasion in Ukraine, my oil and gas stocks have been experiencing big gains. What's all of the hoopla about?
7
Posted on 3/8/22 at 12:27 pm to CrimeStoppers
You miss the five point negative swing between opening and then Biden speaking?
Posted on 3/8/22 at 12:28 pm to CrimeStoppers
Morons buying said stocks right now. Wait'll the charges for all of the equipment and cash left in Russia hits their balance books.......
Posted on 3/8/22 at 12:29 pm to Bearcat90
quote:
Morons buying said stocks right now. Wait'll the charges for all of the equipment and cash left in Russia hits their balance books.......
Well, I was talking more about the O&G stocks I bought last year at $20 a pop. They're at $60+ now.
Posted on 3/8/22 at 12:30 pm to CrimeStoppers
quote:
I have to admit, ever since this invasion in Ukraine, my oil and gas stocks have been experiencing big gains. What's all of the hoopla about?
Yep.
Vanguard Energy Sector Index Fund:
At all the poors bitching about the price of gas at the pump. Posted on 3/8/22 at 12:30 pm to CrimeStoppers
quote:
CrimeStoppers
quote:
26 posts
quote:
Member since Apr 2017
Post less
Posted on 3/8/22 at 12:31 pm to Bearcat90
quote:
Morons buying said stocks right now. Wait'll the charges for all of the equipment and cash left in Russia hits their balance books.......
As opposed to the sales of 130 - 150 dollar oil? The equipment in Russia will be a rounding error compared to that.
Posted on 3/8/22 at 12:32 pm to Malik Agar
quote:
Post less
You poor, bro?
Posted on 3/8/22 at 12:34 pm to CleverUserName
quote:
As opposed to the sales of 130 - 150 dollar oil? The equipment in Russia will be a rounding error compared to that.
That's not how it works in refining oil.
They make about 3-4% margins regardless of the price they buy crude oil at.
Exxon Mobil stock is going to get HAMMERED when these charges hit their books for the losses in Russia.
Posted on 3/8/22 at 12:34 pm to CrimeStoppers
quote:
You poor, bro?
I am not.
But I do care about human life and freedom.
Both are being lost right now
Posted on 3/8/22 at 12:36 pm to ksayetiger
quote:
I am not.
But I do care about human life and freedom.
Both are being lost right now
In other words, you're poor.
Posted on 3/8/22 at 12:36 pm to CrimeStoppers
quote:
Well, I was talking more about the O&G stocks I bought last year at $20 a pop. They're at $60+ now.
I'd sell now if I were you.
Posted on 3/8/22 at 12:37 pm to CrimeStoppers
Your stock profits are nullified by the price of your gas and food.....it's called inflation. Do the math.
Posted on 3/8/22 at 12:38 pm to WildTchoupitoulas
quote:
Are you retarded? You keep posting this stupid shite in every thread.
Posted on 3/8/22 at 12:39 pm to CrimeStoppers
Buy at the sound of gunshots. Pretty much everything outside of energy is on sale right now. I'm waiting for the Moscow stock market to reopen to put a little money on a lottery ticket in Sberbank.
Posted on 3/8/22 at 12:43 pm to Paddyshack
quote:
Are you retarded?
Not that I know of. But then, I am Wild.
quote:
You keep posting this stupid shite in every thread.
I just looked at several threads on this board that didn't have me posting anything like that.
Are you one of the stupid people who doesn't invest in energy stocks to hedge against high energy costs?
...and you're asking me if I'm retarded?
Posted on 3/8/22 at 12:56 pm to WildTchoupitoulas
quote:
Are you one of the stupid people who doesn't invest in energy stocks to hedge against high energy costs?
No, I'm not actually.
But you keep insinuating that the price of gas isn't relevant as long as you have hedged against it. You said you didn't even notice how much it costed you to fill up your gas tank. You scoff and laugh at the 'poors' who may not be as well off as you. Newsflash, genius: skyrocketing inflation and gas prices are not good for our country in any way, whether you have hedged or not.
Posted on 3/8/22 at 1:00 pm to Bearcat90
quote:
That's not how it works in refining oil.
They make about 3-4% margins regardless of the price they buy crude oil at.
Exxon Mobil stock is going to get HAMMERED when these charges hit their books for the losses in Russia.
If Russia seizes asset and investment in retaliation that'll amount to huge losses. The price of futures will go up, but the actual company profits will take a big hit. They can move number around, but losing that much infrastructure won't be good for any balance sheet.
Posted on 3/8/22 at 1:04 pm to Bearcat90
quote:
Exxon Mobil stock is going to get HAMMERED when these charges hit their books for the losses in Russia.
quote:
HOUSTON, March 2 (Reuters) - Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion
Market Cap $378.391 Billion
Revenue $82.89 Billion
BTW, that hit last week, I'm sure the stock price has recovered from that news already.
Posted on 3/8/22 at 1:15 pm to Paddyshack
quote:
But you keep insinuating that the price of gas isn't relevant as long as you have hedged against it.
I lived through the inflation of the 70s and saw what was indexed to it and how to ride it out.
I'm not rich, but I just fill up my tank because I need to fill up the tank. No amount of me eyeballing the price, and then bitching and moaning about it is going to make me stop putting gas in the tank. Yes, it's more. It was more too in 2008 and 2014. I took measures then to isolate myself from too much pain when prices go up.
THE PROBLEM ISN'T THE PRICE OF GAS.
Why didn't everyone's hero, Donald J. Trump, put the government back on strong economic footing? Why did he sign all of those budget bills that just put us further and further into debt? Why didn't he do anything to address the deep underlying problem with the economy - the burdensome government debt? Why weren't so-called conservative republicans talking about it when he was in office and they controlled the House and Senate?
Everyone's crying about gas prices and blaming the potato-in-chief, but no one said shite about Trump driving us further and further into debt - in the middle of a booming economy.
There are no conservatives anymore. You're all getting what you fricking deserve.
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