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Energy play
Posted on 3/30/20 at 11:12 pm
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?
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?
4
Posted on 3/30/20 at 11:24 pm to SquatchDawg
CVX...already up to ~$71 from ~$51. If it comes back down some, you should be all over it.
Posted on 3/30/20 at 11:26 pm to SquatchDawg
I'm taking a swing at OVV.
Posted on 3/31/20 at 12:12 am to JayDeerTay84
quote:
'm taking a swing at OVV.
No dude, just no...terribly run co that is on the way to BK.
Posted on 3/31/20 at 12:15 am to cwill
How so?
This post was edited on 3/31/20 at 12:27 am
Posted on 3/31/20 at 6:47 am to SquatchDawg
CVX and PSX
Posted on 3/31/20 at 6:47 am to redfieldk717
If Chev drops again I am jumping in. Same with shell.
Posted on 3/31/20 at 7:58 am to SquatchDawg
Picked up RDS.B at $22 and CPE at $0.45.
This post was edited on 3/31/20 at 7:59 am
Posted on 3/31/20 at 8:07 am to cwill
What Cwill said... They're overleveraged.
There's much better mid-cap names out there i.e. PXD, FANG, CXO
There's much better mid-cap names out there i.e. PXD, FANG, CXO
This post was edited on 3/31/20 at 8:08 am
Posted on 3/31/20 at 8:21 am to tigerbaiter1033
quote:
PXD
Worked for PXD from '08 - '15. I'm a big fan of Scott Sheffield.
Posted on 3/31/20 at 9:33 am to ColoradoAg03
Is there any fear of CPE going under? It is so cheap right now, I am thinking of buying a few hundred shares and holding it till this is all over. For 200 bucks, I can damn near get 400 shares.
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