- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Energy stocks taking a beating in premarket
Posted on 3/23/21 at 7:10 am
Posted on 3/23/21 at 7:10 am
Specifically the Upstream oil giants like XOM, RDS.A, BP, and CVX.
Midstream like ET, MMG, MPLX, and EPD are getting hit, but not as hard.
Couldn't find any news that would scare investors away. It could be a sector correction, and a buying opportunity. Personally I'd wait a couple days before pouncing, because oil dips are typically pretty deep, and we're still way up YTD.
My experience in energy stocks is that they are not for the timid, and even the blue chip whales can behave like small caps from time to time. The swings can make even the seasoned investors throw up.
But long term, they hold value and pay fat dividends even in volatile markets.
Lettuce monitor this situation
Midstream like ET, MMG, MPLX, and EPD are getting hit, but not as hard.
Couldn't find any news that would scare investors away. It could be a sector correction, and a buying opportunity. Personally I'd wait a couple days before pouncing, because oil dips are typically pretty deep, and we're still way up YTD.
My experience in energy stocks is that they are not for the timid, and even the blue chip whales can behave like small caps from time to time. The swings can make even the seasoned investors throw up.
But long term, they hold value and pay fat dividends even in volatile markets.
Lettuce monitor this situation
6
Posted on 3/23/21 at 7:14 am to Vols&Shaft83
quote:
But long term, they hold value and pay fat dividends even in volatile markets.
Until they don’t.
Still like CVX the most among the majors.
Posted on 3/23/21 at 7:18 am to Vols&Shaft83
quote:
Couldn't find any news that would scare investors away. It could be a sector correction, and a buying opportunity. Personally I'd wait a couple days before pouncing, because oil dips are typically pretty deep, and we're still way up YTD.
Oil is down 4-5% today on European lockdowns reappearing.
Posted on 3/23/21 at 7:28 am to slackster
quote:
Until they don’t.
I've never missed a dividend payment, certainly takes the sting out of a bear market
quote:
Still like CVX the most among the majors.
I do too, and so does Buffet. May swap some of my XOM for CVX. Right now I have 200+ shares XOM, vs only 30 CVX.
Posted on 3/23/21 at 7:30 am to Vols&Shaft83
I know...I know...it's Seeking Alpha. But still, from this morning's initial piece:
LINK
Not liking talks of new lockdowns and a new pandemic at all. We need both the U.S. and global economies to get back running. Can't just keep handing out "free money".
quote:
Crude oil prices continue to slide as concerns persist about a third COVID wave in mainland Europe denting demand.
WTI futures (CL1:COM) (NYSEARCA:USO) -3.5% are back below $60/barrel for the first time since the beginning of March. Brent futures (CO1:COM) -3.5% are also down sharply.
WTI is still up more than 20% year to date, but is off 10% from hits recent high of $66, technically a correction.
Germany says it is in a "new pandemic," with the British COVID strain dominant, prompting a hard lockdown over the extended Easter period and more restrictions through April 18.
“We are now basically in a new pandemic. The British mutation has become dominant,” Chancellor Angela Merkel said at a press conference on Monday night.
LINK
Not liking talks of new lockdowns and a new pandemic at all. We need both the U.S. and global economies to get back running. Can't just keep handing out "free money".
Posted on 3/23/21 at 7:30 am to slackster
quote:
Oil is down 4-5% today on European lockdowns reappearing.
Ahhh, so BP and RDS could be the play. Interesting
Posted on 3/23/21 at 7:43 am to Vols&Shaft83
I think XOM is undervalued compared to Chevron.
Posted on 3/23/21 at 7:52 am to JL
quote:
I think XOM is undervalued compared to Chevron.
It's really a toss up, but I think both are undervalued. CVX may be the safer bet because of the Berkshire Hathaway ownership. Not that Buffet is infallible, but I've never regretted putting money in the same places he does
Posted on 3/23/21 at 8:04 am to Vols&Shaft83
You are dramatic
Posted on 3/23/21 at 8:08 am to castorinho
quote:
You are dramatic
Shut up
Posted on 3/23/21 at 8:58 am to ragincajun03
quote:
US and allies announce sanctions against Chinese officials for 'serious human rights abuses' against Uyghurs
China is the biggest foreign purchaser of oil
Posted on 3/23/21 at 9:21 am to Vols&Shaft83
Oh look. Big nothingburger
Posted on 3/23/21 at 9:33 am to Vols&Shaft83
seems like most things are. thanks biden
Posted on 3/23/21 at 9:38 am to slackster
MAYBE this
Of course last time things spiked up
Of course last time things spiked up
Posted on 3/23/21 at 9:41 am to Vols&Shaft83
maybe if the admin would stop pumping out negative messaging to the public people wouldn't be so anxiety ridden
Posted on 3/23/21 at 10:33 am to Vols&Shaft83
quote:
I've never missed a dividend payment, certainly takes the sting out of a bear market
I should have been more clear - they’ll pay a dividend, it just may not be the same $3.48/shr it has been. Shell had their shot across the bow last year. Relatively speaking, the CVX dividend is more sustainable than XOM. CVX dividend is 43% of estimated 2021 FCF vs 59% for XOM.
Alternatively, XOM is trading at 90% of 2019 year end enterprise value while CVX is at 95%. You start to wonder if XOM’s outperformance of late has closed the gap to where the relative risk points to CVX being the better option going forward.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News