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/biz/ - Business & Finance

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17786908 No.17786908 [Reply] [Original]

Should I be buying oil stocks right now?

>> No.17786984

I'm not really a long term holder but I was thinking Exxon too.
It's been killed from this sell off as well as the sell off in oil.
Exxon ain't going to die.
Also it's dividend at this price point is paying ~8%
Maybe a good hold for a few years

>> No.17787008

I am Russian so I am strickly avoiding these cats

>> No.17787017

>>17786984
I’m thinking oil and Disney rn

>> No.17787153

>>17786908
I’m long OVV, OXY and Exxon. Trump won’t let American shale fog bankrupt. The OPEC price war will end eventually. Good investment long term IMO.

>> No.17787248

>>17786908
Wait until 20- 15 maybe

>> No.17787259

>>17787153
>>17786908

You're right to be bullish on oil long term, but there's going to be more short term pain as the supermajors prepare to shoulder the balance sheets of the shale companies they ultimately buy in or near receivership.

>> No.17787275
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17787275

>>17786908
I would. Rememember what benjamin grahim said.

>on the short term investing is a voting machine on the longterm it is a weighing machine.
He means people act irrational and buy and sell on the short term but on the long term it is a weihging machine in that its true value will shine.

>> No.17787411

>>17787275
Long term oil is an industry destined to die. Either these oil companies diversify to other forms of energy or they won’t recover

>> No.17787627

>>17787411
Don’t you think they know this?

>> No.17787654

>>17786908
do what you feel is right. you will never buy at the lowest point, and you will never sell at the highest. that's just a fact

>> No.17787666

Still too risky to buy carnival?

>> No.17787679

>>17787654
I’m wondering whether to buy now or wait till Monday

>> No.17787834

>>17787411
Long term in like 50 years with how cheap oil is now. Who the fuck is are going to buy electric cars when you can buy a cheap gas guzzler and fill it up with sub $2/gallon gas. We will probably see more muscle cars and SUVs on the road in the next few years.

>> No.17787876

>>17787679
Monday

>> No.17788797

>>17787017
Disney is still overpriced as hell.

The only stocks worth buying are banks, airlines, oil companies with low production costs.

>> No.17788817

>>17787666
You're better off bottom fishing Casino stocks. Ctru

>> No.17788836

Should of bought oil yesterday faggot

>> No.17788898

>>17788836
yeah, i bought at 31.30, easy profit long term

>> No.17789075

>>17788836
>>17788898
this isnt crypto retards. markets dont crash this much unless a recession is coming. a month from now all stocks will be -30%

>> No.17789202
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17789202

Rate my watch list fellas
Thinking about putting $10k in whenever I am sufficiently convinced the market is done selling off

>> No.17789392

>>17789075
yeah but oil wont fall more, maybe 25 max, or even 20, i dont care, in the long run, when this corona thing is over, oil will go back to 60's.

>> No.17789399

>>17788797
This. I don't feel good about Disney. They grew by buying a shitload of other assets and eventually the millennial nostalgia fags will get tired.

>> No.17789445

>>17786908
Why? We just entered the bear market