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re: Time to buy some XOM(Oil stock discussions)?
Posted on 11/6/15 at 9:54 pm to TigerTatorTots
Posted on 11/6/15 at 9:54 pm to TigerTatorTots
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.
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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