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re: Oil drilling companies
Posted on 4/17/20 at 4:41 pm to GeauxtigersMs36
Posted on 4/17/20 at 4:41 pm to GeauxtigersMs36
I am sitting in the GOM trying to wrap up a $300M project.
Trust me when I say, don't touch anything in O&G right now.
Trust me when I say, don't touch anything in O&G right now.
3
Posted on 4/17/20 at 5:23 pm to GREENHEAD22
Unfortunately, I hear many people say the same thing.
Posted on 4/17/20 at 8:24 pm to GREENHEAD22
quote:
Trust me when I say, don't touch anything in O&G right now.
Buy high and sell low
Outside of a company going bankrupt I don't see how this is a bad time to buy if you are planning to hold this until retiring in 20+ years.
This post was edited on 4/17/20 at 8:28 pm
Posted on 4/18/20 at 7:55 am to GREENHEAD22
I’d say that’s a very broad statement.
Steer clear of offshore drillers and other equipment companies related to O&G but the majors are not necessarily bad at these prices. Great dividends to be had too.
I like Philip 66, BP, Chevron.
Steer clear of offshore drillers and other equipment companies related to O&G but the majors are not necessarily bad at these prices. Great dividends to be had too.
I like Philip 66, BP, Chevron.
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