/biz/ - Business & Finance

>>21859117

Good day to you sir

May the stormy virus thingy soon vanish and america bethink back to its root industries, for the most part Oil.
Production cuts and decreasing stored oil should push the price above.

Dont forget that shortage in supply mostly increases price in demand.

Enjoy your 00.xx+% gains in tech zoomers.

Meanwhile Oil will do constant XXX% the next years, year after year.
Our modern World relies on Oil. Heck even if you shit you wipe your ass with Oil things.
Fking Tech Apes

>>20143519

OIL CHADS REPORT IN!

IMMA DOING THE FIRST STEP:

XOM & RDSB DIAMOND HANDS HERE

>>20119030

XOM & RDSB bro here.

RDSB did the hard way already of writing their assets off lowering their total asset volume down 22 Bilion $.
Exxon yet didnt do that but they already announced bad results for this quarter.

All i can say is stick to your oil stonks but diversify...im balls deep in oils and got like 31k$ in it which is half of my portfolio.
Bought XOM for 45$ a share and shell at 16$ per.

Its going to be a rough time until these companies do profits but they are at least better positioned than smallcap oil companies and the big players most likely will profit from smallcap oil corps getting killed due to the low price deleting supply in the market...

Dont worry a second lockdown wont come. Masks (even tho nobody wears those) have proven pretty good.
Second lockdown would basically mean end of times as we know it and ww3 imminent.
Buying power is already shit, a second lockdown would make it shittier and there will be bloods on the streets once it comes...
Im still super bullish for rdsb and xom desu

>>20075805

OIL CHADS REPORT IN!

XOM AND RDSB HERE

>>20004108

Well done anon, i bought 350 XOM shares at 45$ and 1k Shell stonks for 16$per

>>20004115

Oil be there for another 100yrs anon , dont deny the fact just because of 2 teslas you see once a month you go out.
Even if demand in the west goes down , Asia and emerging markets will drive up demand.
Teslas colouring is made of oil , its furniture is made of oil , electric components made of oil , hell even their tires are petrochemical components.

>>19973820

Well , the USA has their hire and fire mentality.
Today they are fired, tomorrow they're hired back again plus those wagekeks can benefit of trumpbucks. No loss but thinning out excessive expenses in the company.
Still comfy with XOM desu, half of my folio is Oil.
Diamond hands boi