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Oil rebounding
Posted on 6/1/21 at 9:42 am
Posted on 6/1/21 at 9:42 am
OPEC seeing a rebound in demand and has issued a positive outlook.
OPEC is suppose to keep production tight.
Up to 68 on wti crude
Gotta say, some of these oil related stocks look reasonable based on the prospects for the next 12-18 months
OPEC is suppose to keep production tight.
Up to 68 on wti crude
Gotta say, some of these oil related stocks look reasonable based on the prospects for the next 12-18 months
Posted on 6/1/21 at 10:13 am to SlidellCajun
Next year the oil piper gets paid for all of the covid lockdown fallout around the world. There's still room to run for quite a while IMO.
Posted on 6/1/21 at 11:44 am to SlidellCajun
Why didn’t you get in on them a year ago?
Posted on 6/1/21 at 1:24 pm to SlidellCajun
Some of the midstream companies offer an excellent dividend of around 10%.
I'm in RECAF for oil. The second test well results should be in this month which should rocket it.
I'm in MPC for refining. They are the nation's largest refiner. Gas prices are increasing for the foreseeable future combined with the massive share buybacks over the next year means easy money.
For natural gas, I'm in TELL. TELL has been awesome, but unless they announce progress on their plant in Lake Charles, I'm selling in the teens.
MPC is the safest play of the three, but also offers the least upside.
I'm in RECAF for oil. The second test well results should be in this month which should rocket it.
I'm in MPC for refining. They are the nation's largest refiner. Gas prices are increasing for the foreseeable future combined with the massive share buybacks over the next year means easy money.
For natural gas, I'm in TELL. TELL has been awesome, but unless they announce progress on their plant in Lake Charles, I'm selling in the teens.
MPC is the safest play of the three, but also offers the least upside.
Posted on 6/1/21 at 7:49 pm to SlidellCajun
XLE and OIH are great etfs to get into for oil. I bought January leaps in January for 2022 , also bought some short term options for July and September up about 70%. I expect crude to get to 77 by mid summer . Commodities overall are due for a big year .
Posted on 6/1/21 at 8:05 pm to SlidellCajun
I hold ET, OXY, CDEV, VET, and BTEGF. I will be trimming my energy holdings later this year but will keep some. A lot of these companies traded like they were going bankrupt during COVID. They are all turning out to be great trades.
Posted on 6/2/21 at 4:03 pm to SlidellCajun
I own XOM, OKE, and XLE. Also have a couple 57 strike Sep 17th Calls on XLE as well. I've been betting that summer demand will keep oil going higher.
I want to exit sometime in late September, but they pay dumbass dividends. OKE pays .94 a quarter.
I want to exit sometime in late September, but they pay dumbass dividends. OKE pays .94 a quarter.
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