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re: Oil prices and stock market
Posted on 12/12/14 at 1:47 pm to Lakeboy7
Posted on 12/12/14 at 1:47 pm to Lakeboy7
quote:
How I started as well, should be required reading.
Both were great, and honestly probably learned more from those books than I have in most of my classes at LSU
Question, what happens to a companies stock if they get bought out by another, larger company?
2
Posted on 12/12/14 at 1:47 pm to LSUneaux
quote:So he utilizes that old "buy high, sell low" investment strategy??
He probably buys when companies are at all-time highs because they must be doing something right, and panics when there is a red day because that hundred year old business must be failing all the sudden.
Posted on 12/12/14 at 1:59 pm to Indfanfromcol
quote:
but the prices will go back to normal eventually,
I see this statement a lot and no one has yet to define what normal oil prices are.....
Posted on 12/12/14 at 2:02 pm to 13SaintTiger
quote:Good point. I think most people assume $100-110 (which is higher than "normal")
I see this statement a lot and no one has yet to define what normal oil prices are.....
Posted on 12/12/14 at 2:07 pm to 13SaintTiger
quote:
I see this statement a lot and no one has yet to define what normal oil prices are.....
yep. i think we are too low right now. should probably hover around $80
Posted on 12/12/14 at 2:14 pm to bayoubengals88
When did $3.50 per gallon become normal? $100-110 has only been "normal" in year 2008, 2011-mid 2014. Investors have become greedy and reaped the benefits of the higher than normal oil prices because of the economical turmoil bought upon us. I can say with confidence the sky is not falling because oil prices have dipped.
Posted on 12/12/14 at 2:16 pm to 13SaintTiger
quote:
I see this statement a lot and no one has yet to define what normal oil prices are.....
I mean, I am no expert, far from it infact.
However, it looks like we are around $57?
Looking at the past 5 years, it looks like the average price would be around the $90-$95 range (at least since 2011).
These are the lowest prices since the recession though.
Posted on 12/12/14 at 2:17 pm to donRANDOMnumbers
quote:
yep. i think we are too low right now. should probably hover around $80
That's reasonable and I would say normal but with increased fuel efficiency, the on going development and search of alternative fuel is it justifiable?
This post was edited on 12/12/14 at 2:18 pm
Posted on 12/12/14 at 2:18 pm to Indfanfromcol
quote:
ooking at the past 5 years, it looks like the average price would be around the $90-$95 range (at least since 2011).
anomalies
Posted on 12/12/14 at 2:19 pm to 13SaintTiger
quote:
When did $3.50 per gallon become normal? $100-110 has only been "normal" in year 2008, 2011-mid 2014. Investors have become greedy and reaped the benefits of the higher than normal oil prices because of the economical turmoil bought upon us. I can say with confidence the sky is not falling because oil prices have dipped.
Well, while prices are much higher since post recession, it appears to be the "normal" now because the price has stabilized around the price we have seen for the past 4 years or so.
I don't think anyone truly things the sky is falling, but many should see this as the time to invest.
Posted on 12/12/14 at 2:26 pm to Indfanfromcol
quote:
because the price has stabilized around the price we have seen for the past 4 years or so.
I would hardly call it stabilization simply based on the fact that we were in a recession bound to come out, and there were a lot of unknowns. It was a prosperous time for prior investors which has now resulted in greed. I do believe prices will "stabilize" around $80 but would not be surprised if it falls short.
This post was edited on 12/12/14 at 2:27 pm
Posted on 12/12/14 at 2:41 pm to 13SaintTiger
quote:
I would hardly call it stabilization simply based on the fact that we were in a recession bound to come out, and there were a lot of unknowns. It was a prosperous time for prior investors which has now resulted in greed. I do believe prices will "stabilize" around $80 but would not be surprised if it falls short.
I mean, we can all speculate where the prices will land after this shock to the market, but prices were stable for the past 4 years. That doesn't mean that when prices come back up that it will stabilize at that amount again though. It could stabilize at $80 or lower.
However, it will come back up, and I wish I had money to invest in these oil companies right now.
Posted on 12/12/14 at 2:54 pm to GalvestonTiger12
I want to pull the trigger on 100 shares of XOM, COP and CVX today....to hold until I can pass on to grandkids.
Posted on 12/12/14 at 2:56 pm to Indfanfromcol
I have money liquid to invest...but I know very little about O&G which makes me hesitate to jump in. I feel like I really need to understand the economics of each individual company before I would go all in on them....
Posted on 12/12/14 at 2:58 pm to lynxcat
Posted in another thread but is NBR a good call right now? It looks very tempting being near a 10 year low.
Posted on 12/12/14 at 3:04 pm to stevengtiger
NBR looks interesting...definitely fell off the cliff lately.
Posted on 12/12/14 at 3:04 pm to lynxcat
quote:
I have money liquid to invest...but I know very little about O&G which makes me hesitate to jump in. I feel like I really need to understand the economics of each individual company before I would go all in on them....
Very true.
Again, if anyone has spare time, definitely go read the Intelligent Investor (the book Warren Buffett swears by) and the Richest man in Babylon.
But to sum it up in a nutshell, if you are going to take advice, take it from an expert only. Also, never invest in a company that you have not personally researched, and the smartest thing to do is invest in large companies who have a good history of a healthy stock and paying dividends.
(also, the time to get interested in large companies are when things go wrong, not right. When things go right, everyone is interested and drive the stock price up).
Posted on 12/12/14 at 3:07 pm to stevengtiger
quote:
is NBR a good call right now?
Not if oil prices continue to drop
Posted on 12/12/14 at 3:10 pm to TheIndulger
quote:
Not if oil prices continue to drop
But how low can NBR get? And I am thinking on more of a long term inverstment. Once oil prices stabilize, drilling in the gulf and in drilling in general, will be in demand for a long time imo.
Posted on 12/12/14 at 3:16 pm to stevengtiger
quote:
But how low can NBR get? And I am thinking on more of a long term inverstment. Once oil prices stabilize, drilling in the gulf and in drilling in general, will be in demand for a long time imo.
One of my teachers who is a real estate appraiser says that a lot of plants will be starting construction here in LA. He is currently appraising for Exxon I believe.
The oil market isn't going to die. It will come back and stabilize in the long term. But I would assume that NBR could go lower, since there is no sign of oil prices going back up yet.
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