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Oil getting whacked

Posted: Mon Mar 13, 2023 7:11 am
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

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 9:23 am
by aja57
Might be a good time to buy more PXD. Better than a 10 year Treasury.

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 10:19 am
by ChuckGeb
Very good idea! Kudos.

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 12:25 pm
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.

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 1:28 pm
by tlengoc
It's options expiration week and triple witching too. It's going to be a rollercoaster ride.

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 2:46 pm
by ChuckGeb
Strap in!

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 4:27 pm
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:

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 4:46 pm
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

Re: Oil getting whacked

Posted: Mon Mar 13, 2023 5:31 pm
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.