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Started By
Message
My reason to buy oil stocks today.
Posted on 3/25/20 at 2:12 pm
Posted on 3/25/20 at 2:12 pm
Mike Pompeo just stroked the ego of the Crown Prince of Saudi Arabia today.
US Tells Saudi Arabia It Has the Opportunity to Reassure Markets Amid Coronavirus Uncertainty.
The Secretary stressed that as a leader of the G20 and an important energy leader, Saudi Arabia has a real opportunity to rise to the occasion and reassure global energy and financial markets when the world faces serious economic uncertainty," according to the statement.
US Tells Saudi Arabia It Has the Opportunity to Reassure Markets Amid Coronavirus Uncertainty.
The Secretary stressed that as a leader of the G20 and an important energy leader, Saudi Arabia has a real opportunity to rise to the occasion and reassure global energy and financial markets when the world faces serious economic uncertainty," according to the statement.
7
Posted on 3/25/20 at 2:13 pm to AncientTiger
I agree. Oil is about to boom
Posted on 3/25/20 at 2:14 pm to dallastiger55
What are you getting into and at what price are you looking?
Posted on 3/25/20 at 2:17 pm to saints5021
quote:
What are you getting into and at what price are you looking?
I bought Phillips 66 ( PSX ) and Valero ( VLO ) today. It really doesn't matter they are all very low. Take your pick.
This post was edited on 3/25/20 at 2:19 pm
Posted on 3/25/20 at 2:18 pm to AncientTiger
I generally agree with your sentiment on the industry...but just buy any of them is a bit naive.
Posted on 3/25/20 at 2:33 pm to iknowmorethanyou
just don't expect any dividends, unless your company of choice refuses loans from the stimulus
ETA: oops sorry, just noticed a whole thread just for this
quote:
The legislation would also bar large companies from paying dividends to shareholders for one year after the loan is paid back, and from reducing their employment levels by 10% until the end of September. Midsized companies would be barred from paying dividends while the loan is outstanding.
ETA: oops sorry, just noticed a whole thread just for this
This post was edited on 3/25/20 at 2:34 pm
Posted on 3/25/20 at 2:50 pm to saints5021
quote:
What are you getting into and at what price are you looking?
I like TOT and picked some up yesterday. Plenty of cash, seems well positioned to ride out low prices a little easier than some may. They've already announced cost cuts. I imagine their dividend will be safer than a lot of other companies.
Posted on 3/25/20 at 3:19 pm to AncientTiger
Link?
Posted on 3/25/20 at 3:29 pm to AncientTiger
In other words Mike said, "Frick China, Prince! Help us out here before all this shite leads to WWIII!"
Posted on 3/25/20 at 3:38 pm to AncientTiger
Posted on 3/25/20 at 4:14 pm to cwarr14
What y’all thinking about buying? Would OXY be a good buy...
Posted on 3/25/20 at 4:18 pm to Jpeazyy
They owe Uncle Warren Buffett too much money @ 8% interest and it will be quite interesting to see if they can continue paying him.
Posted on 3/25/20 at 7:33 pm to saints5021
WHD when it was at $8 was a damn good buy. No debt on the books and their rental fleet is ahead of all of their competition
Posted on 3/25/20 at 7:44 pm to AncientTiger
quote:They decides to go into a oil supply war with Russia, just a month or so ago, with a long-term focus in mind. Do you think a “positive statement” from the SOS is just going to suddenly make them change their mind?
The Secretary stressed that as a leader of the G20 and an important energy leader, Saudi Arabia has a real opportunity to rise to the occasion and reassure global energy and financial markets when the world faces serious economic uncertainty," according to the statement.
Posted on 3/25/20 at 7:57 pm to buckeye_vol
Exactly right.
We are at war. This is only phase 1.
The NWO crew hates Russia because Russia is not a fan of central banking.
We are at war. This is only phase 1.
The NWO crew hates Russia because Russia is not a fan of central banking.
This post was edited on 3/25/20 at 11:03 pm
Posted on 3/25/20 at 8:03 pm to AncientTiger
I hope they keep talking like that and get oil back close to $35
I will short the pi$$ out of it.
I will short the pi$$ out of it.
Posted on 3/25/20 at 9:27 pm to Hussss
quote:
Exactly right.
We are at war. This is only phase 1.
either i fill up my truck for $35 or make money on oil stocks.... win/win
Posted on 3/26/20 at 7:58 am to AncientTiger
It will be 2021 before Oil booms
Posted on 3/26/20 at 9:26 am to The Torch
Why is everyone so high on Marathon?
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