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Energy play

Posted on 3/30/20 at 11:12 pm
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14276 posts
Posted on 3/30/20 at 11:12 pm
Man talk about blood in the streets.

But it still is going to get worse (IMO) and it’s hard to tell who is going to survive. The oil war is one thing - but the oversupply due to the COVID impact is another animal.

Who do you guys see as having the assets and cash to come out strong from this? XOM has issues and the midstream players are all dependent on the producers. Also it appears the shale producers are in for a tough slog.

Who are you looking at? Who has a fortress balance sheet in this space?
Posted by redfieldk717
Alec Box
Member since Oct 2011
28117 posts
Posted on 3/30/20 at 11:24 pm to
CVX...already up to ~$71 from ~$51. If it comes back down some, you should be all over it.

Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 3/30/20 at 11:26 pm to
I'm taking a swing at OVV.
Posted by Sum3rian
Metry
Member since Mar 2012
395 posts
Posted on 3/31/20 at 6:47 am to
CVX and PSX
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6226 posts
Posted on 3/31/20 at 7:58 am to
Picked up RDS.B at $22 and CPE at $0.45.
This post was edited on 3/31/20 at 7:59 am
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