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Started By
Message
Lot of money to be made day trading oil
Posted on 3/8/20 at 5:35 pm
Posted on 3/8/20 at 5:35 pm
tomorrow. If you have the stomach for it. Who’s with me?
8
Posted on 3/8/20 at 5:49 pm to Lgrnwd
K
Posted on 3/8/20 at 5:49 pm to Lgrnwd
You’re too late.
Posted on 3/8/20 at 5:58 pm to Lgrnwd
Maybe if you got a short in on Friday. It's down 20% in international markets...about $32 when I last looked. It's going to be a bloodbath in E&P, OFS and Midstream equities tomorrow.
Posted on 3/8/20 at 6:26 pm to cwill
Yeah I wouldn’t touch anything oil related. Those stocks were underperforming before SA laid their balls on the table with Russia.
Posted on 3/8/20 at 6:39 pm to Lgrnwd
DAY trading. Maybe the title wasn’t clear judging by the responses.
But it’s clear nobody is into it, so never mind.
But it’s clear nobody is into it, so never mind.
Posted on 3/8/20 at 6:48 pm to Lgrnwd
As someone who works in the industry with Conocophillips, Hunt, EOG and others... let that exxon stock fall past $40.... they’re cutting west Texas production by 80k bbls, obviously they might cut more. Haven’t said anything about cutting the 6.9% dividends
Posted on 3/8/20 at 7:01 pm to RadThibodeaux
I agree. I would not be averaging down a position in XOM yet. It will fall more. If not this week then in the near future.
Posted on 3/8/20 at 8:15 pm to Lgrnwd
waiting for $9/barrel
Posted on 3/8/20 at 9:06 pm to Lgrnwd
From a longer term perspective, the question is, at what price are you buying? $20? Lower?
Posted on 3/8/20 at 10:03 pm to Lgrnwd
I think the XOM dividend will get to 10% if they don’t cut it.
Posted on 3/8/20 at 11:42 pm to bayoubengals88
When I was in college (1987-1991) gas was .93 or so a gallon. What were oil prices like at that time??
Posted on 3/8/20 at 11:51 pm to tiger91
I would guess $19-$25 a barrel?
Posted on 3/8/20 at 11:53 pm to Paul Allen
This sucks so bad. And I inherited Exxon stock years ago and held on it it. It’s split twice and I’ve sold some as we were heavy in it for our portfolio. Just gonnna have to ride that I guess.
Posted on 3/8/20 at 11:54 pm to bayoubengals88
So why would it go up? If it’s dropping like it is pet share?
Posted on 3/9/20 at 1:26 am to Lgrnwd
Holy shite
Posted on 3/9/20 at 8:01 am to tiger91
quote:When the stock price drops, it causes the dividend yield percentage to rise if pay out remains the same.
So why would it go up? If it’s dropping like it is pet share?
If a stocks pays out $2 per year, then:
at $40/share the dividend is 5%
at $20/share the dividend is 10%
XOM has dropped like a rock so the dividend percentage has sharply increased.
Posted on 3/9/20 at 8:46 am to Lgrnwd
quote:
Lgrnwd
what's your play today?
Posted on 3/9/20 at 8:47 am to bayoubengals88
I guess in my mind If the stock is sinking (xox
M) the dividend would drop as well — it seems like he company would be losing mo way. Is the increase in dividends to lure people back into buying the stock ?
M) the dividend would drop as well — it seems like he company would be losing mo way. Is the increase in dividends to lure people back into buying the stock ?
This post was edited on 3/9/20 at 8:48 am
Posted on 3/9/20 at 8:54 am to tiger91
ConocoPhillips is dropping like a fly. Why wouldn’t I buy some?
Good value no?
Good value no?
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