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Message
Are O&G stocks about to rise significantly?
Posted on 5/1/20 at 3:43 pm
Posted on 5/1/20 at 3:43 pm
I had to come to Hammond today and I am seeing cars everywhere.
Of the businesses that are open, many have busy parking lots. Bank lines are very long. Gas stations are busy.
Beaches are opening back up and people are chomping at the bit to get away from the house.
I know there’s a lot of excess oil out there being held, but is this heavy activity a good sign for O&G stocks? Today looked like a good day to pick up more stock in this industry due to everything being down.
Btw, I’m a relative newbie in buying individual stocks, so any comments/thoughts would be appreciated.
The majority of financial decisions I’ve made over the years has come from information I initially read here and subsequently researched. My stock picks in the past two months were up 70% before today and they were all picked off of information I first read here.
Of the businesses that are open, many have busy parking lots. Bank lines are very long. Gas stations are busy.
Beaches are opening back up and people are chomping at the bit to get away from the house.
I know there’s a lot of excess oil out there being held, but is this heavy activity a good sign for O&G stocks? Today looked like a good day to pick up more stock in this industry due to everything being down.
Btw, I’m a relative newbie in buying individual stocks, so any comments/thoughts would be appreciated.
The majority of financial decisions I’ve made over the years has come from information I initially read here and subsequently researched. My stock picks in the past two months were up 70% before today and they were all picked off of information I first read here.
This post was edited on 5/1/20 at 3:52 pm
12
Posted on 5/1/20 at 3:50 pm to Volt
Maybe it's just cause it's payday.
Posted on 5/1/20 at 3:54 pm to Volt
Not a stock guy, but I'm in industry.
I think oil prices will rebound well back into the 40s possibly 50s by the end of the year. Crude stockpiles are incredibly high right now but with a large portion of wells shut in, we will burn through that stockpile pretty quick. When they reopen these wells, there will be several issues that will reduce how much these wells will produce. I would imagine any that have been shut in will only produce 50% of their normal amount.
Company stocks i doubt rebound until next year. There will be numerous bankruptcies coming which will be good for shale cause its a viable option but prices can't be in the 40s-50s no matter how many people say they breakeven at 35. Companies are posting bad earnings and next quarters will pale in comparison. E&P stocks won't be back up til early next year IMO. But once garbage companies file full chapter 7, the better operators...CoP, EOG, Marathon, will pick them up for pennies.
I think oil prices will rebound well back into the 40s possibly 50s by the end of the year. Crude stockpiles are incredibly high right now but with a large portion of wells shut in, we will burn through that stockpile pretty quick. When they reopen these wells, there will be several issues that will reduce how much these wells will produce. I would imagine any that have been shut in will only produce 50% of their normal amount.
Company stocks i doubt rebound until next year. There will be numerous bankruptcies coming which will be good for shale cause its a viable option but prices can't be in the 40s-50s no matter how many people say they breakeven at 35. Companies are posting bad earnings and next quarters will pale in comparison. E&P stocks won't be back up til early next year IMO. But once garbage companies file full chapter 7, the better operators...CoP, EOG, Marathon, will pick them up for pennies.
Posted on 5/1/20 at 3:55 pm to Volt
I think we see a lot of volatility with news of reopenings, followed by significant storage increasing, etc. The good news, bad news cycles that will have people a little jumpy.
I'm hesitant to say that we have hit the bottom with O&G stocks with all the grim news upcoming with rig counts collapsing, demand slowly getting its traction back and so forth.
If you got in around the bottom a few weeks ago, then you will be reaping the benefits in the next 6 month to a year and very happy with your investments.
I'm hesitant to say that we have hit the bottom with O&G stocks with all the grim news upcoming with rig counts collapsing, demand slowly getting its traction back and so forth.
If you got in around the bottom a few weeks ago, then you will be reaping the benefits in the next 6 month to a year and very happy with your investments.
Posted on 5/1/20 at 4:00 pm to Volt
quote:
Are O&G stocks about to rise significantly?
No.
You're welcome
Posted on 5/1/20 at 4:03 pm to Volt
I don't know shite about O&G. Are refiners the safest play as long as the price and demand of oil continues to creep up?
Seems like they will still be refining no matter the stockpiles or output. There just needs to be enough demand and margin.
Seems like they will still be refining no matter the stockpiles or output. There just needs to be enough demand and margin.
Posted on 5/1/20 at 4:40 pm to Volt
quote:
Are O&G stocks about to rise significantly?
You buy whatever oil stocks you want to buy. I'll buy the same amount of VGT or QQQ (I'll even let you pick which one) and we can chat again in 5 years and I am willing to bet I'll come out significantly ahead of you.
People that live in Louisiana, Texas, Oklahoma etc. need to diversify and invest in stocks in the industries they don't already work in (O&G, Energy) to reduce risk. Don't bet against the Amazons and Apples and Microsofts of the world man. There is a big world out there beyond O&G, refineries and chemical plants.
This post was edited on 5/1/20 at 4:46 pm
Posted on 5/1/20 at 4:45 pm to Volt
quote:
My stock picks in the past two months were up 70% before today and they were all picked off of information I first read here.
Your welcome
Posted on 5/1/20 at 4:54 pm to rickgrimes
quote:
I'll buy the same amount of VGT
I’m right there with you on VGT. I bought quite a few shares during this downturn. In fact, I sold a chunk of my VTSAX shares in one of my IRA and one of my non-retirement accounts and used the funds for VGT.
I’m not looking at O&G as a long hold, but rather 12 months at the longest.
I did get in on a few midstream companies near the very bottom and was up around 150+% before today on them. I don’t know much, but I keep thinking this industry still has a lot of upside as far as a stock play.
Well, as long as the ones I’m in don’t fold.
Posted on 5/1/20 at 5:05 pm to Volt
quote:
Are O&G stocks about to rise significantly?
I think so. I have a lot in OXY. I think it’s one of the safer O&G plays with a lot of upside. Their acquisition of Anadarko withstanding. Patience will be needed though. This is a long play.
Posted on 5/1/20 at 5:09 pm to rickgrimes
quote:
You buy whatever oil stocks you want to buy. I'll buy the same amount of VGT or QQQ (I'll even let you pick which one) and we can chat again in 5 years and I am willing to bet I'll come out significantly ahead of you.
I have 3 oil related holdings and don't live in any of those states nor work in O&G. Also own VGT, 4 different factor ETFs, multiple other segment or broad market ETFs or funds, and 19 individual stocks, plus RE and fixed income. I don't disagree with the assertion of don't double down if you work in O&G, but really depends on what additional investments one may have. Like the guy who kept posting RDS would never cut the dividend and yet it happened. As usual, when cheap buy backs are available, companies have no liquidity or are hoarding cash/near cash and makes former buybacks at much higher prices look pretty damn wasteful IMO.
Also don't think O&G entities are about to rise significantly this year, but price at the pump will start inching up which is a good thing, and many will then bitch about higher fuel cost regardless of what the cost of production, etc is. SA and Russia got what they wanted, + more.
Posted on 5/1/20 at 5:20 pm to MadtownTiger
quote:
I think oil prices will rebound well back into the 40s possibly 50s by the end of the year. Crude stockpiles are incredibly high right now but with a large portion of wells shut in, we will burn through that stockpile pretty quick. When they reopen these wells, there will be several issues that will reduce how much these wells will produce. I would imagine any that have been shut in will only produce 50% of their normal amount.
I agree. Idk about what the timeline might look like but all this shite will eventually lead back to $100+ barrel oil
Posted on 5/1/20 at 9:23 pm to Captain Crackysack
quote:
but all this shite will eventually lead back to $100+ barrel oil
Absolutly long term, but short term the big players are about to have to pump themselves out a bind.
Posted on 5/1/20 at 9:28 pm to Volt
Lol no. Next question
Posted on 5/1/20 at 10:01 pm to LigerFan
quote:
If you got in around the bottom a few weeks ago, then you will be reaping the benefits in the next 6 month to a year and very happy with your investments.
6 months? You think so? Shell cutting dividend isn’t a good sign
Posted on 5/2/20 at 6:18 am to kciDAtaE
quote:
6 months? You think so? Shell cutting dividend isn’t a good sign
Anyone that got in at the bottom of o&g has doubled their money. I’d liquidate most of the position and move on.
Look at o&g the last 10-15 years compared to the sp500.
Posted on 5/2/20 at 6:49 am to bayoumuscle21
quote:
OXY
quote:
I think it’s one of the safer O&G
come on
Posted on 5/2/20 at 7:01 am to Volt
No
Posted on 5/2/20 at 9:59 am to castorinho
I’ll bookmark this and respond when I sell it at 40+ a share. Some of you guys have great input, and others are not nearly as smart as they think.
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