<< <i>Hope I'm wrong, but I do expect commodities, including PMs to get hammered a bit more. >>
>>
Well for what it's worth oil is up over $10 in the last three trading sessions. The biggest bounce in 25 years. Insane jump today
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Not an oil or Div play but as an energy play, I like the prospects of liquefied natural gas and Cheniere Energy. Any of you guys look at that? As a Div play I do like CVX, but on a pull back. I would think there is at least a 50% chance the market challenged the lows it recently hit, but who knows?
Speaking of gold vis-a-vis miners, even though it was a down day I like that GDX closed on the HOD ;~
<< <i>Warren buffet sold all his XOM a while ago. I wonder why? >>
Good. I'm guess I'm covered. I own some BRK. Hopefully he sold high. It's no longer high.
You should ask him if you're concerned.
Mark >>
Buffet is a long term investor. He usually rides out the volatility, so for him to have completely abandoned the position probably means he sees better long term opportunities. >>
Looks like he still loves the industry buy just changed horses. 4.5 billion dollar stake in COP ( Phillips 66)
M >>
Yup. Lower oil price means more demand for gasoline. So buy a refiner. His long term view is probably low oil prices for quite an extended period.
Both COP and XOM are vertically integrated and international. If COP's debt level was too high as Mark indicates, then maybe old Warren likes the fact that they've reduced their capital spending to address that.
A couple months ago, Enterprise dropped a pipeline expansion because it was undersubscribed.
There's still activity in the oil industry, still projects moving forward. It's just a question of future planning, and that depends on demand for the products. Oil has a propensity towards boom & bust, fear & greed - and we haven't yet seen which little guys over-committed during this most recent expansion.
Until we see some little guys putting up the "fire sale" signs, we haven't seen the bottom in oil. Right now, they've just tightened their belts but they're still alive. I haven't looked, but it might pay to study Continental Resources to see how their quarterly results are doing. And possibly Whiting Oil, and Suncor as well. I wouldn't buy them, but I'd look at them as directional indicators.
Q: Are You Printing Money? Bernanke: Not Literally
Oil is OK as long as you're not thinking long term. In a couple hundred years they won't be using oil. Amoco emblems will be found only is collectible shops.
I'm in Europe on business and I just was today's tape. That was short lived
M
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Nibbled at some PBF today...this market is going to shake people up for a while, but that's what creates opportunity.
Gartman after calling a bottom in oil and energy stocks a couple of weeks ago reversed course and said sell a day or two before the biggest weekly rally in the sector in years. Now He's very bearish again about energy. Makes sense to get real bearish after something has already been hammered I guess...; None of us know where oil is going, but I do know it's much closer to a bottom than a top. Human nature and emotion never change.
everything went way down in price. shopped a bit. some in ira, some in normal account. i am hoping divs dont get cut, i drip on cheaper share prices for a couple of years, and then oil rebounds. Take your time please. no rush. i am young.
nice rally. Would love to see some consolidation and then another rally
MRO and XOM have worked great so far. Looking for more bargains
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
However comfortable we are with $40 , the cretins in Saudia Arabia that we support so strongly need oil to be at $100 to break even. People think that the 47% are an issue here , they have about 97% on the dole. All those lunatics will probably be upset when their government handouts get interrupted.
Originally posted by: mariner67 Arab Spring part 2?
In part 2 US troops will be used to supress the soon to be rebels on Saudi territory. We will work to preserve the right of the royal family to burn women at the stake for driving cars and behead people for exercising free speech and other terrorist activities. If they go on the twitter its the bamboo under the fingernails treatment I hear .
because you know, democracy is what we are all about now
With all our oil reserves by fracking (and with prospects for a lot more in other places using the same techniques), we are happily close to the point where we and the rest of the world can do without the middle east, particularly Saudi Arabia.
The US has already made it clear that it doesn't want to mess with the middle east any more, and that it's willing to let other blighters like the Russians (who have more at stake) punch that tar baby.
I expect we'll lob a few cruise missles in among the rebels for old times' sake, but I'd be astounded if we'd use any major influx of ground troops to save the Saudi regime.
Originally posted by: dpoole With all our oil reserves by fracking (and with prospects for a lot more in other places using the same techniques), we are happily close to the point where we and the rest of the world can do without the middle east, particularly Saudi Arabia. The US has already made it clear that it doesn't want to mess with the middle east any more, and that it's willing to let other blighters like the Russians (who have more at stake) punch that tar baby. I expect we'll lob a few cruise missles in among the rebels for old times' sake, but I'd be astounded if we'd use any major influx of ground troops to save the Saudi regime.
The companies that sell the weapons own congress so we will probably support both sides.
Comments
<< <i>Hope I'm wrong, but I do expect commodities, including PMs to get hammered a bit more. >>
<< <i>
<< <i>Hope I'm wrong, but I do expect commodities, including PMs to get hammered a bit more. >>
Well for what it's worth oil is up over $10 in the last three trading sessions. The biggest bounce in 25 years. Insane jump today
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
As a Div play I do like CVX, but on a pull back. I would think there is at least a 50% chance the market challenged the lows it recently hit, but who knows?
Speaking of gold vis-a-vis miners, even though it was a down day I like that GDX closed on the HOD ;~
California's)
bob
<< <i>Just paid $3.59 at my local stick-er-up station. (Las Vegas where the standard of living is a lot less than
California's)
bob
Whoa Bob, you are paying as much as So Cal right now. Thats strange.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>
<< <i>Just paid $3.59 at my local stick-er-up station. (Las Vegas where the standard of living is a lot less than
California's)
bob
Whoa Bob, you are paying as much as So Cal right now. Thats strange. >>
Used to be at stateline, gas was noticeably less, now Vegas or Nevada must have a tax like Cali, or make that 3 or 4 plus, like Cali...
<< <i>
<< <i>
<< <i>
<< <i>Warren buffet sold all his XOM a while ago. I wonder why?
Good. I'm guess I'm covered. I own some BRK. Hopefully he sold high. It's no longer high.
You should ask him if you're concerned.
Mark >>
Buffet is a long term investor. He usually rides out the volatility, so for him to have completely abandoned the position probably means he sees better long term opportunities. >>
Looks like he still loves the industry buy just changed horses. 4.5 billion dollar stake in COP ( Phillips 66)
M >>
Yup. Lower oil price means more demand for gasoline. So buy a refiner. His long term view is probably low oil prices for quite an extended period.
Knowledge is the enemy of fear
A couple months ago, Enterprise dropped a pipeline expansion because it was undersubscribed.
There's still activity in the oil industry, still projects moving forward. It's just a question of future planning, and that depends on demand for the products. Oil has a propensity towards boom & bust, fear & greed - and we haven't yet seen which little guys over-committed during this most recent expansion.
Until we see some little guys putting up the "fire sale" signs, we haven't seen the bottom in oil. Right now, they've just tightened their belts but they're still alive. I haven't looked, but it might pay to study Continental Resources to see how their quarterly results are doing. And possibly Whiting Oil, and Suncor as well. I wouldn't buy them, but I'd look at them as directional indicators.
I knew it would happen.
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>I'm in Europe on business and I just was today's tape. That was short lived
M >>
A 10-20% pump and dump, perfectly executed.
Gartman after calling a bottom in oil and energy stocks a couple of weeks ago reversed course and said sell a day or two before the biggest weekly rally in the sector in years.
Now He's very bearish again about energy. Makes sense to get real bearish after something has already been hammered I guess...;
None of us know where oil is going, but I do know it's much closer to a bottom than a top. Human nature and emotion never change.
xom
paa
kmi
everything went way down in price. shopped a bit.
some in ira, some in normal account. i am hoping divs dont get cut, i drip on cheaper share prices for a couple of years, and then oil rebounds. Take your time please. no rush. i am young.
Good thread, thank you.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>What do you think about some of the smaller, riskier picks like EXXI, BAS, etc...?
Good thread, thank you. >>
bump
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>Buying oil here. Maybe a little early.
I continue to think the bottom in gold is in after it held 1080.
Mark >>
Looking better after this 5 day rally. Happy with my gdx @13.54. My few oil picks are looking better as well.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
MRO and XOM have worked great so far. Looking for more bargains
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I saw this article and I found it interesting.
http://crudeoilpeak.info/saudi-arabias-fiscal-break-even-oil-price-to-be-around-us-100-mark-for-the-foreseeable-future
However comfortable we are with $40 , the cretins in Saudia Arabia that we support so strongly need oil to be at $100 to break even. People think that the 47% are an issue here , they have about 97% on the dole. All those lunatics will probably be upset when their government handouts get interrupted.
In part 2 US troops will be used to supress the soon to be rebels on Saudi territory. We will work to preserve the right of the royal family to burn women at the stake for driving cars and behead people for exercising free speech and other terrorist activities. If they go on the twitter its the bamboo under the fingernails treatment I hear .
because you know, democracy is what we are all about now
With all our oil reserves by fracking (and with prospects for a lot more in other places using the same techniques), we are happily close to the point where we and the rest of the world can do without the middle east, particularly Saudi Arabia.
The US has already made it clear that it doesn't want to mess with the middle east any more, and that it's willing to let other blighters like the Russians (who have more at stake) punch that tar baby.
I expect we'll lob a few cruise missles in among the rebels for old times' sake, but I'd be astounded if we'd use any major influx of ground troops to save the Saudi regime.
Here's a warning parable for coin collectors...
The companies that sell the weapons own congress so we will probably support both sides.
Not quite but with Friday's buy I'm averaged in at $70.17
mark
Nice. $80.21 two months later.