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Can I start buying oil yet?

Is Iran priced in ? Or still more room to drop ?
Startled Stirring Orchestra Pit
  07/27/15
...
Drunken crimson half-breed theater
  07/27/15
not QUITE yet. driller greed is keeping supply higher than ...
sick garrison dysfunction
  07/27/15
Go on
disgusting talking azn
  07/27/15
God I just love when brain dead retards try to explain a ser...
Curious mad-dog skullcap locale
  07/27/15
The line I hear repeated in finance articles is that Saudi A...
indigo vibrant place of business
  07/27/15
I see the point. Has any glut lasted that long though? E...
Startled Stirring Orchestra Pit
  07/27/15
That's not the definition of a glut. There's not a bunch of ...
indigo vibrant place of business
  07/27/15
this. i think the problem is that many people don't quite ge...
Slippery slap-happy halford
  07/27/15
Sell puts
adventurous disrespectful stag film
  07/27/15
ERX and UCO ftw
geriatric ocher gaming laptop
  07/27/15
Looking at its history, I wouldn't buy until it gets down to...
puce point voyeur
  07/31/15
...
Drunken crimson half-breed theater
  07/27/15
i wouldnt buy oil specifically but i would start looking at ...
sepia contagious church building coldplay fan
  07/27/15
Looks like I should have...
Startled Stirring Orchestra Pit
  07/28/15
wait till a confirmation in a reversal, don't want to catch ...
flesh aggressive filthpig rigpig
  07/30/15
For better or worse, have not bought anything yet.
Startled Stirring Orchestra Pit
  07/31/15
I bought $500 of VDE. Turns out I already had bought $600 w...
Drunken crimson half-breed theater
  07/31/15
ive loaded up on RYE and have 13k now, may by 2k more or so
know-it-all love of her life sweet tailpipe
  07/31/15
went by autozone and the prices seemed the same as usual
Topaz travel guidebook deer antler
  07/31/15
dat Mobil 1 ?
Startled Stirring Orchestra Pit
  07/31/15
...
Topaz travel guidebook deer antler
  07/31/15
...
razzle-dazzle laser beams parlor
  07/31/15
...
Drunken crimson half-breed theater
  07/31/15
...
maize ceo selfie
  07/31/15
...
appetizing alcoholic potus locus
  07/31/15
...
dashing roast beef
  08/03/15
CR explain this fraudlie
Passionate magical hospital
  08/03/15
now is prob a good time to snatch some up
sepia contagious church building coldplay fan
  07/31/15
Gonna buy $5k of VDE on payday
Drunken crimson half-breed theater
  07/31/15
the worst news has already come out since earnings release, ...
sepia contagious church building coldplay fan
  07/31/15
what's to say it won't keep falling?
puce point voyeur
  07/31/15
so uh bros this oil at 40-something a barrel is the beginnin...
Supple mewling reading party
  07/31/15
its actually great for refiners and downstream and adjacent ...
sepia contagious church building coldplay fan
  07/31/15
offshore fucked
maize ceo selfie
  08/03/15
yea see dat high breakeven play
sepia contagious church building coldplay fan
  08/03/15
Approaching $45 lol http://m.nasdaq.com/markets/crude-oil.a...
puce point voyeur
  08/03/15
Just put 1K each in PVA, REXX, XCO, SD, LINE, HK, MHR, CRK, ...
Curious mad-dog skullcap locale
  08/03/15
there are so many things wrong with this post that i don't e...
vermilion philosopher-king juggernaut
  08/03/15
Enlighten us Mr. Fundamentals Masterman.
Curious mad-dog skullcap locale
  08/03/15
this is garbage
sepia contagious church building coldplay fan
  08/03/15
nice analysis, faggot. what are the chances that all 10 go ...
Curious mad-dog skullcap locale
  08/03/15


Poast new message in this thread



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Date: July 27th, 2015 3:49 AM
Author: Startled Stirring Orchestra Pit

Is Iran priced in ? Or still more room to drop ?

(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419677)



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Date: July 27th, 2015 4:12 AM
Author: Drunken crimson half-breed theater



(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: sick garrison dysfunction

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.

(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28419734)



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Date: July 27th, 2015 8:20 AM
Author: disgusting talking azn

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: Curious mad-dog skullcap locale

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: indigo vibrant place of business

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: Startled Stirring Orchestra Pit

I see the point. Has any glut lasted that long though?

Eg eventually the competitors stop drilling..

(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28421108)



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Date: July 27th, 2015 1:12 PM
Author: indigo vibrant place of business

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: Slippery slap-happy halford

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: adventurous disrespectful stag film

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: geriatric ocher gaming laptop

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: puce point voyeur

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: Drunken crimson half-breed theater



(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: sepia contagious church building coldplay fan

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: Startled Stirring Orchestra Pit

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: flesh aggressive filthpig rigpig

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)



Reply Favorite

Date: July 31st, 2015 1:49 AM
Author: Startled Stirring Orchestra Pit

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: Drunken crimson half-breed theater

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: know-it-all love of her life sweet tailpipe

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)



Reply Favorite

Date: July 31st, 2015 1:52 AM
Author: Topaz travel guidebook deer antler

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: Startled Stirring Orchestra Pit

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: Topaz travel guidebook deer antler



(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: razzle-dazzle laser beams parlor



(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28449122)



Reply Favorite

Date: July 31st, 2015 1:56 AM
Author: Drunken crimson half-breed theater



(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: maize ceo selfie



(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: appetizing alcoholic potus locus



(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: dashing roast beef



(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: Passionate magical hospital

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: sepia contagious church building coldplay fan

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: Drunken crimson half-breed theater

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: sepia contagious church building coldplay fan

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: puce point voyeur

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: Supple mewling reading party

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: sepia contagious church building coldplay fan

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: maize ceo selfie

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: sepia contagious church building coldplay fan

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: puce point voyeur

Approaching $45 lol

http://m.nasdaq.com/markets/crude-oil.aspx?timeframe=6m

(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468385)



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Date: August 3rd, 2015 11:12 AM
Author: Curious mad-dog skullcap locale

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: vermilion philosopher-king juggernaut

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: Curious mad-dog skullcap locale

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: sepia contagious church building coldplay fan

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: Curious mad-dog skullcap locale

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.

(http://www.autoadmit.com/thread.php?thread_id=2946839&forum_id=2#28468560)