Oil getting whacked

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Fraser921
Posts: 2954
Joined: Mon Mar 22, 2021 11:48 am

Oil getting whacked

Post by Fraser921 »

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 :o
aja57
Posts: 336
Joined: Sun May 29, 2022 10:35 pm

Re: Oil getting whacked

Post by aja57 »

Might be a good time to buy more PXD. Better than a 10 year Treasury.
ChuckGeb
Posts: 945
Joined: Thu Nov 21, 2013 2:46 pm

Re: Oil getting whacked

Post by ChuckGeb »

Very good idea! Kudos.
dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Re: Oil getting whacked

Post by dan_s »

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
tlengoc
Posts: 69
Joined: Thu Feb 23, 2023 1:38 pm

Re: Oil getting whacked

Post by tlengoc »

It's options expiration week and triple witching too. It's going to be a rollercoaster ride.
ChuckGeb
Posts: 945
Joined: Thu Nov 21, 2013 2:46 pm

Re: Oil getting whacked

Post by ChuckGeb »

Strap in!
Fraser921
Posts: 2954
Joined: Mon Mar 22, 2021 11:48 am

Re: Oil getting whacked

Post by Fraser921 »

>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? :roll:
ChuckGeb
Posts: 945
Joined: Thu Nov 21, 2013 2:46 pm

Re: Oil getting whacked

Post by ChuckGeb »

If the world goes into recession which do you think will be worth more?

$US Dollars
$Biden Bonds
Company that owns valuable natural resources
dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Re: Oil getting whacked

Post by dan_s »

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
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