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Started By
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What will crude oil stocks do if DJT wins.
Posted on 10/5/24 at 3:36 pm
Posted on 10/5/24 at 3:36 pm
Id assume up but curious if there are differing opinions
6
Posted on 10/5/24 at 3:46 pm to LChama
probably go down. Democrats are good for big companies as they limit market participants. Trump will likely open the spigot which will reduce profits. It’s likely better long term but I wouldn’t expect a short term spike.
Posted on 10/5/24 at 3:53 pm to LChama
P&G definitely goes up under Trump. Less regulation means more profits and all these companies do dividends. Also the refinery business definitely does better under Trump and maybe actually builds new capacity if they know they won’t be punished by the Dems. Less government push for poor performing “renewables” or “green” energy under Trump which means less wasted money.
Posted on 10/5/24 at 9:49 pm to Drizzt
quote:
Also the refinery business definitely does better under Trump and maybe actually builds new capacity if they know they won’t be punished by the Dems
Now explain why the opposite has happened?
More refineries shuttered during the trump admin vs biden.
Also refinery profits have never been higher than the past few years.
Domestic O&G took a hit during the trump years. Especially domestic upstream companies.
Trump likes to drone on and on about how the economy sucks because we have put too many limits on energy. Well for all those supposed limits, we are making more money and producing more oil than we ever did from 2017-2020.
Posted on 10/6/24 at 7:23 am to LChama
I think O&G production will accelerate. Supply will outstrip demand. Prices will drop. Producer stock prices will suffer. Consumer rejoices.
Posted on 10/6/24 at 8:28 am to LChama
Seems unchanged to me, as we are already at record oil production in the USA.
Oil is cyclical more to world events.
Oil is cyclical more to world events.
Posted on 10/6/24 at 10:43 am to UltimaParadox
I doubt you see a huge uptick in drilling. Big oil is tired of the boom/bust cycle. They are content to spend money rewarding shareholders with dividend increases and stock buybacks.
Posted on 10/6/24 at 1:13 pm to LChama
Our Saudi friends will immediately persuade OPEC to cut prices and increase production in an effort to make US oil production less profitable.
Meanwhile, we will continue to pay for a Navy and other armed forces, $1,000,000 per shot missiles, and place our soldiers and sailors in harm's way to "defend" the people who are actively trying to sabotage our oil businesses.
Meanwhile, we will continue to pay for a Navy and other armed forces, $1,000,000 per shot missiles, and place our soldiers and sailors in harm's way to "defend" the people who are actively trying to sabotage our oil businesses.
Posted on 10/6/24 at 4:47 pm to LChama
Not necessarily up Bigly but some will do better than others. The ones with heavy US activity will outperform as less regulations could help them.
Equipment stocks could do well. Ie RIG will benefit from more deep water drilling.
Some pipeline stocks could do well
The majors might not benefit as much as some think.
Consider that Trump wants cheap oil. That means more supply albeit that could be hard to do in the US alone as we already on track to increase every year for the next 5 years regardless of who is president.
Equipment stocks could do well. Ie RIG will benefit from more deep water drilling.
Some pipeline stocks could do well
The majors might not benefit as much as some think.
Consider that Trump wants cheap oil. That means more supply albeit that could be hard to do in the US alone as we already on track to increase every year for the next 5 years regardless of who is president.
This post was edited on 10/6/24 at 4:49 pm
Posted on 10/6/24 at 8:19 pm to SlidellCajun
We’re breaking production records every month
It will continue but lower oil prices is not good for Louisiana
It will continue but lower oil prices is not good for Louisiana
Posted on 10/6/24 at 9:08 pm to Tmcgin
quote:
We’re breaking production records every month It will continue but lower oil prices is not good for Louisiana
Exactly
Trump has made it known that he wants lower prices
Posted on 10/6/24 at 9:57 pm to SlidellCajun
YES! he made prices so low last time we stopped drilling! 
as if all this production is credited to biden policies
we have discussed this AD NAUSEUM
read the whole thread
as if all this production is credited to biden policies
we have discussed this AD NAUSEUM
read the whole thread
This post was edited on 10/6/24 at 9:58 pm
Posted on 10/6/24 at 11:32 pm to Fat Bastard
Midstream should do well.
Posted on 10/7/24 at 6:46 am to bigjoe1
quote:
Big oil is tired of the boom/bust cycle.
I sure hope you're right and they've learned their lesson.
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