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re: XOM has been trying to kiss March 15 this week.

Posted on 10/7/20 at 8:46 pm to
Posted by 632627
LA
Member since Dec 2011
15103 posts
Posted on 10/7/20 at 8:46 pm to
It was at $80 right after we killed the Iranian general and they bombed one of our bases.
Posted by texastiger38
Member since Sep 2007
28732 posts
Posted on 10/7/20 at 8:50 pm to
quote:

Refining margins are hardly improving. U.S. refiners are down an average ~25% over the past month. They are sick. The oil market is sick. And the demand recovery has seemingly hit a lull. More pain ahead.


Refining margins weren’t great even before COVID. Add to the fact that the biggest margins are in diesel & jet fuel and COVID was a real kick in the nuts
Posted by C
Houston
Member since Dec 2007
28247 posts
Posted on 10/8/20 at 7:19 am to
latest oil consumption / production numbers are in

LINK

Production is about in line with last months forecast. Consumption appears to be slowing a bit.

So not good if you're expecting an oil price rebound in the short term.
Posted by pdubya76
Sw Ms
Member since Mar 2012
6549 posts
Posted on 10/8/20 at 8:41 am to
I bought at 40 a couple months back . Gonna ride it out and see what happens. Interested to see what the dividend does.
Posted by notiger1997
Metairie
Member since May 2009
61723 posts
Posted on 10/8/20 at 9:34 am to
quote:

latest oil consumption / production numbers are in


With most of the Gulf platforms/rigs shut in for 4 or 5 days due to this hurricane, will that have much of an impact on oil prices?
I'm sure it won't move the needle really for XOM, but was just curious about the overall impact on supply.
Posted by Auburn1968
NYC
Member since Mar 2019
26471 posts
Posted on 10/8/20 at 9:45 am to
CVX has been moving up over the last couple of days.
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 11/24/20 at 11:16 am to
And just like that, CVX is up ~40% since the October low.
Posted by ProbyOne
Louisiana
Member since Dec 2004
1947 posts
Posted on 11/24/20 at 12:23 pm to
Jan 2023 35 calls looking good right now

Could be picked up for $5 per share not too long ago
Posted by GulfCoastPoke
Port of Indecision
Member since Feb 2011
1111 posts
Posted on 11/24/20 at 8:27 pm to
I wish I would have dumped more money into Cvx when I did...
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 11/24/20 at 8:36 pm to
quote:

Your money sitting idle in XOM and CVX could be used elsewhere on stocks that are gaining now


You understand how backwards this thinking is right?
Posted by Capt ST
High Plains
Member since Aug 2011
13667 posts
Posted on 11/24/20 at 9:33 pm to
The VLO and RDS shares I bought in late Oct are up around 60% to date. XOM 30%. It’s all relative. They are producing a product, meanwhile CCL rockets with all their ships in port and nothing to set sail for balance of 2020.
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 11/24/20 at 10:22 pm to
If only we could trade on hindsight, we’d all be rich. While the easy money has been made, I think there is money left to be made with CVX.
Posted by GulfCoastPoke
Port of Indecision
Member since Feb 2011
1111 posts
Posted on 11/25/20 at 1:35 am to
Agreed I bought more two days ago
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 11/25/20 at 6:39 am to
I bought more during the pull back to the 200ma. We should see another pull back and consolidation soon given how far and fast it has moved. I'll probably buy more depending on what that looks like.
Posted by wickowick
Head of Island
Member since Dec 2006
46366 posts
Posted on 11/25/20 at 7:50 am to
I sold my XOM a couple of weeks ago, everyone still holding, you are welcome...
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17456 posts
Posted on 12/7/20 at 4:06 pm to
woof on my part
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