Oil getting whacked

[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

[aja57]

Might be a good time to buy more PXD. Better than a 10 year Treasury.

[ChuckGeb]

Very good idea! Kudos.

[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.

[tlengoc]

It's options expiration week and triple witching too. It's going to be a rollercoaster ride.

[ChuckGeb]

Strap in!

[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?

[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]

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.