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Can I start buying oil yet?
Poast new message in this thread
Date: July 27th, 2015 3:49 AM Author: Shaky trip field Is Iran priced in ? Or still more room to drop ? (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419677) |
Date: July 27th, 2015 4:12 AM Author: zippy rebellious gas station (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419712) |
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Date: July 27th, 2015 4:32 AM Author: coral center not QUITE yet. driller greed is keeping supply higher than had been expected for right now (could change in coming weeks, though).
the baker hughes rig count actually went UP last week in the US by a couple dozen or so. that's probably because producers themselves were banking on a rise in prices, but too many of them made the same bet, so they canceled each other out, and prices remain weak. |
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Date: July 27th, 2015 8:20 AM Author: razzle flesh cumskin Go on (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419927) |
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Date: July 27th, 2015 1:32 PM Author: Odious henna lettuce God I just love when brain dead retards try to explain a series of complex events by some blow hard fundamentals that may or may not have anything to do with current prices. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421242) |
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Date: July 27th, 2015 8:24 AM Author: Bearded arousing senate messiness The line I hear repeated in finance articles is that Saudi Arabia would rather dominate the market selling their oil at $40 a barrel than compete with the 50 countries that can sell profitably at $80 a barrel. And apparently they have enough oil to play that game for years and years. So why would now be a better time than say, 10 years from now? (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419931) |
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Date: July 27th, 2015 1:06 PM Author: Shaky trip field I see the point. Has any glut lasted that long though?
Eg eventually the competitors stop drilling.. |
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Date: July 27th, 2015 1:12 PM Author: Bearded arousing senate messiness That's not the definition of a glut. There's not a bunch of oil that's just out there in barrels that the market needs to work off. There's an ocean of easily accessible oil underneath Saudi Arabia. They can pump more of it or less of it. The lower the price is, the more market share they have and the more things stay the same (them being obscenely rich). The higher the price goes, the less market share they have, and the more people invest in electric cars and shit that makes them poorer. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421134) |
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Date: July 27th, 2015 1:18 PM Author: filthy racy set pocket flask this. i think the problem is that many people don't quite get the logic behind it. so here is a simple explanation. Crude oil is not as fungible as one would believe. there are different types of crudes. They vary slightly but even a small variance requires different types of refineries. When Saudis lose market share, what that means it that the buyer is making a bet on some other country's oil. The buyer will need to tweak his refinery according to the new country's product. Or perhaps create an entirely new refinery. Lot of money spent. Once they have made this bet, they aren't going to be able to quickly turn around and go back to Saudi oil. The time frame on these investments are a couple of decades. So if Saudis say they are going to pump less, some country like India might have to go buy from maybe Venezuala to make up the shortfall. The Indian refineries that move to Venezuelan crude, they are not going back to Saudi crude for a couple of decades now. Saudis have experience with this. Every time they reduced production, they lost market share. So they aren't playing that game no more. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421170) |
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Date: July 27th, 2015 1:08 PM Author: adulterous very tactful jew Sell puts (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421116) |
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Date: July 27th, 2015 1:09 PM Author: Excitant theatre ERX and UCO ftw (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421120) |
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Date: July 31st, 2015 11:14 AM Author: drunken cuckoldry plaza Looking at its history, I wouldn't buy until it gets down to 30 or so (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449115) |
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Date: July 27th, 2015 1:14 PM Author: zippy rebellious gas station (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421148) |
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Date: July 27th, 2015 1:24 PM Author: Cruel-hearted juggernaut national i wouldnt buy oil specifically but i would start looking at subsectors of oil that stand to benefit during a oil price downturn (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421209) |
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Date: July 28th, 2015 10:14 PM Author: Shaky trip field Looks like I should have... (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28431737) |
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Date: July 30th, 2015 2:46 AM Author: alcoholic abode private investor wait till a confirmation in a reversal, don't want to catch a falling knife bro (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28440405) |
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Date: July 31st, 2015 1:49 AM Author: Shaky trip field For better or worse, have not bought anything yet. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447840) |
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Date: July 31st, 2015 1:50 AM Author: zippy rebellious gas station I bought $500 of VDE. Turns out I already had bought $600 worth of it or so back in 2011 and im down 25% (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447844) |
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Date: July 31st, 2015 1:51 AM Author: Judgmental tanning salon digit ratio ive loaded up on RYE and have 13k now, may by 2k more or so (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447849) |
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Date: July 31st, 2015 1:52 AM Author: Canary flirting turdskin went by autozone and the prices seemed the same as usual (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447853) |
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Date: July 31st, 2015 1:53 AM Author: Shaky trip field dat Mobil 1 ? (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447854) |
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Date: July 31st, 2015 1:54 AM Author: Canary flirting turdskin (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447856) |
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Date: July 31st, 2015 11:15 AM Author: chocolate alcoholic crotch orchestra pit (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449122) |
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Date: July 31st, 2015 1:56 AM Author: zippy rebellious gas station (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28447863) |
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Date: July 31st, 2015 7:40 AM Author: Rough-skinned carnelian psychic stage (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28448388) |
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Date: July 31st, 2015 11:16 AM Author: Soul-stirring patrolman gunner (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449130) |
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Date: August 3rd, 2015 10:53 AM Author: Disgusting hairraiser dingle berry feces (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468390) |
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Date: August 3rd, 2015 11:07 AM Author: Swashbuckling Drab Faggotry Space CR explain this fraudlie (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468436) |
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Date: July 31st, 2015 10:25 AM Author: Cruel-hearted juggernaut national now is prob a good time to snatch some up (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28448900) |
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Date: July 31st, 2015 11:33 AM Author: zippy rebellious gas station Gonna buy $5k of VDE on payday (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449234) |
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Date: July 31st, 2015 12:03 PM Author: Cruel-hearted juggernaut national the worst news has already come out since earnings release, now is good time to buy up if you want a short run up prior to next oil collapse (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449442) |
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Date: July 31st, 2015 12:29 PM Author: drunken cuckoldry plaza what's to say it won't keep falling? (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449601) |
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Date: July 31st, 2015 11:34 AM Author: Razzle-dazzle Half-breed so uh bros this oil at 40-something a barrel is the beginning of the end of days, right? how fuckt is the global economy? (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449245) |
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Date: July 31st, 2015 12:04 PM Author: Cruel-hearted juggernaut national its actually great for refiners and downstream and adjacent industries. nobody is fucked except for high breakeven plays mostly the maringal OPEC players (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449446) |
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Date: August 3rd, 2015 11:02 AM Author: Rough-skinned carnelian psychic stage offshore fucked (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468414) |
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Date: August 3rd, 2015 11:17 AM Author: Cruel-hearted juggernaut national yea see dat high breakeven play (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468514) |
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Date: August 3rd, 2015 10:52 AM Author: drunken cuckoldry plaza Approaching $45 lol http://m.nasdaq.com/markets/crude-oil.aspx?timeframe=6m |
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Date: August 3rd, 2015 11:12 AM Author: Odious henna lettuce Just put 1K each in PVA, REXX, XCO, SD, LINE, HK, MHR, CRK, PQ, MCEP. Risk is 10K if they all go bankrupt. If just one of them survives the next couple of years, you will likely make 10X your $ on that 1K. So just 1 out 10 has to make it for you to make money. If 2 or 3 make it, then you will have doubled or tripled your money. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468467) |
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Date: August 3rd, 2015 11:13 AM Author: histrionic pea-brained office haunted graveyard there are so many things wrong with this post that i don't even know where to begin. F (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468483) |
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Date: August 3rd, 2015 11:16 AM Author: Odious henna lettuce Enlighten us Mr. Fundamentals Masterman. (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468502) |
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Date: August 3rd, 2015 11:18 AM Author: Cruel-hearted juggernaut national this is garbage (http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468519) |
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Date: August 3rd, 2015 11:25 AM Author: Odious henna lettuce nice analysis, faggot. what are the chances that all 10 go bankrupt?
what if I took that same 10K and spread it across RSPP, PE, FANG, CXO, XEC, MTDR? all hold derisked pure Permian fairway acreage. all have low debt by comparison and will almost assuredly be around in 3 years. all are still in favor relatively speaking but discounted.
which would give me the better chances of making the most $ in 3 years. i bet you can't even answer this intelligently. |