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re: How much longer will the Energy Sector have legs?

Posted on 6/13/22 at 1:05 pm to
Posted by Boomer Rick
Member since Apr 2021
338 posts
Posted on 6/13/22 at 1:05 pm to
I bought a lot of energy when it was clear that Biden would become President. However, I underestimated how much he would screw up the rest of the economy, so it has merely reduced my overall loses.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 6/13/22 at 2:11 pm to
quote:

I wish I had bought a bunch the day before Biden moved into the White House.


Or during the depths of covid...think -$37.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 6/13/22 at 2:22 pm to
quote:

Of course it had much more stability overall.


What about all the bankruptcies?
Posted by ragincajun03
Member since Nov 2007
27619 posts
Posted on 6/13/22 at 5:44 pm to
quote:

What about all the bankruptcies?


The stability I’m referencing is industry being able to know what the rules are and settling in. There will always be fiscal irresponsibility by companies who think they can dodge that bullet.

Under both the Obama and Trump administrations, industry could rely on having consistency once they understood whatever new rules each administration tried to push through the Department of Interior, Department of Energy and EPA.

Thus far under the Biden Administration, we’ve already had quite a bit of back and forth, both in policy, actions and rhetoric.
Posted by I Love Bama
Alabama
Member since Nov 2007
38423 posts
Posted on 6/13/22 at 6:16 pm to
quote:

What's the MT opinion on how much longer Energy stocks will run?


The FED is doing everything it can to destroy demand right now due to inflation.

I think the energy party is over very soon.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11869 posts
Posted on 6/13/22 at 6:25 pm to
Economic activity slowing down has been priced in for over a year. The Fed has nothing to do with it
Posted by I Love Bama
Alabama
Member since Nov 2007
38423 posts
Posted on 6/13/22 at 6:52 pm to
quote:

Economic activity slowing down has been priced in for over a year. The Fed has nothing to do with it



Uh what? The market is reacting violently regarding these latest rate hikes and inflation numbers. How can can you say this was priced in?

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11869 posts
Posted on 6/13/22 at 7:18 pm to
Eurodollar futures, yield curve inversions, GDP contractions have all been happening for over a year

“The market” is more than equity prices
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9495 posts
Posted on 6/13/22 at 7:31 pm to
It may not affect stocks but pioneer for one is preparing for a downturn due to a lack of materials (preparing not expecting). I suppose that would further tighten supply if it happened, causing a price increase but I thought it relevant here.
Posted by leeman101
Huntsville, AL
Member since Aug 2020
2437 posts
Posted on 6/13/22 at 8:06 pm to
quote:

I'm having PTSD from not selling Boeing, Airline & Cruise stocks in Fall of 2021 when they were double what they are now.


Throw in NVIDIA and Bed Bath and Beyond (BBBY) for me. I'm hoping there is a better offer for Spirit airlines (SAVE). It has been a biding war of late. Even Ruth's Chris Steakhouse is crashing.
This post was edited on 6/13/22 at 8:08 pm
Posted by ragincajun03
Member since Nov 2007
27619 posts
Posted on 6/14/22 at 5:12 am to
quote:

pioneer


They have a good CEO.
Posted by STLhog
Dallas, TX
Member since Jan 2015
18859 posts
Posted on 6/17/22 at 8:44 am to
Chevron has been absolutely tanking. I don't get it.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/17/22 at 8:53 am to
Yeah so is VLO and XOM which I do have, thankgod they ran up during the most of the carnage or I’d be a really unhappy camper.
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5464 posts
Posted on 6/17/22 at 10:26 am to
Same for MTDR, MRO, and MPC. Those were the only ones keeping me green for the year until this week. Is it time to buy more are just stay pat? I can't believe they won't have great profits for this quarter. MTDR announced they are doubling their cash dividend just last week.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
3499 posts
Posted on 6/17/22 at 10:33 am to
Added to my ET position this morning.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/17/22 at 10:52 am to
I gotta stand pat, my basket is leaning heavy right now. T and WU are the only other things in it. I want MSFT, JPM , AMZN and a few others yet to be determined back.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 6/17/22 at 11:31 am to
Hope OP took profits. Funny how that timing worked out.
Posted by j1897
Member since Nov 2011
4315 posts
Posted on 6/17/22 at 11:41 am to
quote:

Chevron has been absolutely tanking. I don't get it.



Wish it would at least kiss me first, before ****ing me in the arse.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/17/22 at 11:47 am to
I don’t know what you’re talking about. Sure I shoulda sold them a couple weeks ago and be buying them back now. But overall I’m ahead of the game and feel fortunate

My bad, yeah I hope the Op made out ok. I hate it when the man wins
This post was edited on 6/17/22 at 11:51 am
Posted by notiger1997
Metairie
Member since May 2009
61334 posts
Posted on 6/17/22 at 12:57 pm to
quote:

Chevron has been absolutely tanking. I don't get it.


I don’t understand Shell going down about $10 over the past few weeks either. They have a huge market share of natural gas so I thought that would help them offset a little of the concern about oil in the near term.
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