Down 5 %. this will be an ugly day for energy names.
There was a time to be in and there is a time to be out
Oil getting whacked
Re: Oil getting whacked
Might be a good time to buy more PXD. Better than a 10 year Treasury.
Re: Oil getting whacked
Very good idea! Kudos.
Re: Oil getting whacked
Try to keep emotions from driving your trading. A WOKE bank in LaLa land going under did not have anything to do with this world's demand for oil & gas. Demand for oil-based products will exceed supply in just a few months. Demand for U.S. natural gas is getting a boost from Winter Storm Sage.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Oil getting whacked
It's options expiration week and triple witching too. It's going to be a rollercoaster ride.
Re: Oil getting whacked
>did not have anything to do with this world's demand for oil & gas
Agree, had nothing to do with it, but could affect future demand if the US and world goes into a recession. The whole banking sector is sick and one has to worry about contagion.
Listening to the talking heads no one can agree on causes. the President says he will find out who is responsible. Hello?
Agree, had nothing to do with it, but could affect future demand if the US and world goes into a recession. The whole banking sector is sick and one has to worry about contagion.
Listening to the talking heads no one can agree on causes. the President says he will find out who is responsible. Hello?
Re: Oil getting whacked
If the world goes into recession which do you think will be worth more?
$US Dollars
$Biden Bonds
Company that owns valuable natural resources
$US Dollars
$Biden Bonds
Company that owns valuable natural resources
Re: Oil getting whacked
In addition to owning valuable resources (this world will soon be short oil), all of our model portfolio companies are in MUCH BETTER SHAPE financially since they used free cash flow to pay down a lot of debt.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group