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

Posted on 11/6/15 at 9:54 pm to
Posted by GoldenGuy
Member since Oct 2015
10927 posts
Posted on 11/6/15 at 9:54 pm to
I don't know what the rest of you are seeing. I'm not going through the last five pages of what I figure as youthful optimism to form my opinion.

Oil isn't going back up to the price it was a year ago in the next year. Barring a sudden dropping of Barack's testicles and a war with Iran, oil probably doesn't get back up to $70 within the next year, more likely through the next six months.

If you're playing the long game of 15-20+ years, go for it. Now is the time to buy. If you're looking for an investment you can cash out in five years, find something better. If you can.
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