Twenty dollars

[Anonymous No.17885529]

Hey idiots
While you jerk to Super Mario coins real deals in the real world are happening right motherfucking now

[Anonymous No.17885549]

>boomer sludge

fuck off

[Anonymous No.17885596]

>>17885549
Damn f.a.m you're in this meme shit way too deep
Your soul is gone
Lord have mercy

[Anonymous No.17885605]

>>17885529
for me it's ford motors. they're a bargain 5 bucks

[Anonymous No.17885625]

I'm gonna but Brazilian Oil soon. Backed by their government too so no risk of failure

[Anonymous No.17885660]

>>17885529

>Super Mario coins

Kek

[Anonymous No.17885999]

>>17885529
Quality thread, OP. It's inevitable that oil will go up and it's basically free money at this point.
Neither Saudi Arabia nor Russia benefit from such low prices. They will eventually back down. Not to mention that the US simply can't allow oil to stay this cheap.
Also this complete shutdown of the world economy because of the corona virus will obviously not last. Granted I do believe there will be a long depression coming, but cars, boats and planes will be moving, unlike now.
This is quite literally a once in a lifetime opportunity in oil. It's the perfect storm. Load up on oil, my friends. But stay the fuck away from shale. Be a little wary of companies in the north-sea. But otherwise go fucking ham and watch the price of oil double or triple by Christmas time.

[Anonymous No.17886156]

yeah dude let me just store 100 barrels of oil in my back yard that will be leaking in a year and cause massive ground water contamination

[Anonymous No.17886296]

Can oil rig be temporarly turned off?

[Anonymous No.17886351]

>>17885999
I bought GUSH calls that expire in January
I hope you’re right, anon

[Anonymous No.17886449]

Gas prices still high though why?

[Anonymous No.17886484]

>>17886449
It fell 50 cents where I live lol it’s like 1.82 per gallon

[Anonymous No.17886517]

>>17885605
Thats because they’re expected to go under soon

[Anonymous No.17886527]

>>17886156
you can just buy stocks in oil companies. They are really cheap right now.
There is no need to mess around with actual physical oil.
>>17886296
yes
>>17886351
good for you. Although I am not a fan of derivatives. I prefer to buy stocks and just ride it out. The tide will turn.

[Anonymous No.17886585]

>>17886527
>the product a company extracts is always valuable so invest in that company
Do you understand that a lot of these oil companies are in debt because they funded fracking operations when oil was at $70 a barrel and they’re risking bankruptcy soon if oil stays at this price

[Zero No.17886598]

>>17886527
isn't it a bit early to go all out on assets? The recession has just begun imo, the all time low is far away.

[Anonymous No.17886612]

>>17886527
What do you think about PETROBAS?

[Anonymous No.17886624]

>>17886585
I specifically said to stay the fuck away from shale:
>>17885999
>But stay the fuck away from shale. Be a little wary of companies

[Anonymous No.17886643]

TWENTY SEVEN BURGERBUCKS A BARREL RETARDS
PLANES ARE NOT LEAVING THE GROUND
TRUCKS ARE STAYING PARKED
AMAZON IS SHUTTING SUPERFLUOUS DELIVERIES
WHAT ARE YOU FUCKING IDIOT DOING WITH YOUR LIVES
OSAMA LAND IS CRASHING THIS PLANE WITH NO SURVIVOR
HISTORY IS HAPPENING NOW

[Anonymous No.17886700]

>>17885605
Based
>>17886517
Lmao Ford has the least amount of bad loan monies on the street of any auto manufacturer and they've already done the expensive groundwork shifting several plants to electric manufacturing. They're poised to go on a run after the turmoil. Only someone who doesn't follow auto manufacturing at all would think Ford is close to bankruptcy.

[Anonymous No.17886725]

>>17886598
Rational thought has no place on this Kazakhstani basket weaving forum

[Anonymous No.17886727]

>>17885529
But where am I supposed to store it? I don't have room for barrels of oil in my bedroom.

[Anonymous No.17886752]

these companies have 1000 barrel minimum requirements at least for any purchasing

[Anonymous No.17886787]

>>17886700
>they’re switching to electric therefore they’re in good shape
that’s not how the car business works

[Anonymous No.17886789]

Oil is low right now, but it's not at HISTORIC lows.

The inflation adjusted low is $17.50.

The nominal low is $11.

$27 is nothing if the Saudis and the Russians wanna pump and the American producers will be BUTTFUCKED.

[Anonymous No.17886799]

>>17886643
Everyone is buying oil like their life depends on it because they're betting that people will trade again and that the oil cartel will eventually reassemble to spike prices again once they've all bled enough. That's what's driving all the assets through the floor everyone is converting everything into US dollars so they can buy oil. The Saudis and Russians are selling all their assets to make up for their operational deficits.

Any trader with an iota of IQ is buying oil like their life depends on it rn and they're gonna hodl that shit and get filthy rich next year or so.

[Anonymous No.17886891]

>>17886799

This market can go lower. We were at this point in early 2016 without anything close to the demand collapse that we're going to experience as a result of the lockdowns.

If you bet the farm on $27 per barrel, you're gonna have a bad time.

Accumulate for sure, but stage your buys as it trickles downwards.

[Zero No.17886892]

>>17886725
haha thx anon

[Anonymous No.17886894]

>>17886449
>gas was 1.40€/liter in 2007 when the barrel was $150
>gas is still 1.40€/L in 2020 when the barrel is $20
>93% VAT on gasoil

You can't get more cucked than french.

[Anonymous No.17886941]

>>17886894

$1.04 AUD per liter here my frog eating friend.

[Anonymous No.17886946]

>>17886789
how can we know if they're willing to go this hard? 27 is already making my blood boiling

[Anonymous No.17886951]

>>17886787
That's exactly how the car business works. It goes through predictable cycles of profitability as companies are forced to heavily invest in new tech so they can be ready to compete in the next generation. Everyone thought ford was going to go bankrupt in the 50s because their sales were sagging a bit and they were spending a fuck ton of money converting their plants to produce the brand new thin wall casted V8s and thrift 6 inline. Once they completed those Windsor V8s and started slapping them into their brand new unibody falcon chassis platform they turned into the most profitable company of the 60s. None of that could have happened without the investment of the 50s and the hard financial sacrifices that implied.

[Anonymous No.17886967]

>>17886789
This, waiting for $10-20 myself

[Anonymous No.17886982]

>>17886585
>and they’re risking bankruptcy soon if oil stays at this price
this is partly why I'm so god damn bullish on oil. There's just no way the US can allow the entire shale industry to go bankrupt. If all else fails, wars will be started to get oil back up.
>>17886598
>isn't it a bit early to go all out on assets?
depends what asset. The stock market will go further down. I agree that we have a long depression ahead of us, but oil will go back up.
There are two extraordinary and highly unusual events that are currently driving the oil price down, namely complete worldwide shutdown because of corona virus and russia/saudi dick swinging contest. Once either of these two clear up oil will go up.
>>17886612
>What do you think about PETROBAS?
I'm very bullish. In general I am very bullish on any oil that isn't shale. Although I am somewhat skeptical of north sea companies
>>17886891
>This market can go lower.
I fully agree. But it will go up fairly soon as well. I see no reason to wait and try to buy in at 20 when it's pretty much certain that oil will be at 50+ a year from now anyway. This is too good of a deal to pass up, don't overthink it.

[Anonymous No.17886998]

>>17886891
Exactly but you're gonna want plenty of cash on hand so you're ready to pounce on the way down. You're right though we ain't seen nothing yet.

[Anonymous No.17887002]

>>17886951
Except over 90% of the market is gasoline and diesel and that won’t change for at least ten to twenty years

[Anonymous No.17887047]

>>17886982
>There's just no way the US can allow the entire shale industry to go bankrupt. If all else fails, wars will be started to get oil back

They're going to close the ports due to """coronavirus""" to protect American shale producers from a wave of cheap oil hitting the domestic markets.

[Anonymous No.17887177]

>>17887002
>at least 10-20 years
EXACTLY. Just as I outlined for you car manufactures need to think in DECADES. Ford is willing to suffer now to be poised in the next decade. It's one of the pluses of being a family majority owned and operated company with their name on it. They think long term instead of short sighted shares price thinking which is what happens at GM and Fiat-Chrysler which is why they'll be caught flat footed AGAIN and go bankrupt AGAIN and need another bailout AGAIN. They haven't called in bad loans and now there's a liquidity crises and unfolding derivatives crisis and who's gonna get caught holding a fat stack of bad car loans? Why the financing arm of GM and Chrysler of course. And do you know which arm of a car manufacturer is most profitable? Oh that would be their financing department. Looks like big yikes time for the other 2 of the big 3 to me.

[Anonymous No.17887270]

>>17887177
Dude everyone will be holding a bad stack of car loans. The issue is Ford has debt rated as junk.

[Anonymous No.17887313]

>>17885660
What exchanges have this coin?

[Anonymous No.17887385]

>>17886598
Agree, I dont understand why everyone thinks this will all be over next Tuesday, this will be a problem for a while yet

[Anonymous No.17887537]

>>17887270
Ford has been restructuring their financial arm already. Thats why their debt got downgraded. Again, Ford things long term. They've already made their moves. They did this before '08 too and everyone left them for dead and who didn't need a bailout? Who came out swinging with several new lines of wildly successful models in the early part of the 2010s?

What you're missing in all of this is that Ford is actually ahead of the curve and that as bad as they look everyone else is about to look 1000x worse.
https://www.fool.com/investing/2019/09/11/ford-doesnt-deserve-its-new-junk-credit-rating.aspx

[Anonymous No.17887548]

What's your top oil stock to hold for the long term

[Anonymous No.17887560]

literally boomer trade, get with the times grandpa

[Anonymous No.17887577]

>>17885529
This too will pass the moment either Russia or Saudi Arabia gives up on it's insane oil discounts

[Anonymous No.17887605]

As a britfag, is BP a good investment?

[Anonymous No.17887627]

Where 2 buy black boomer juice?

[Zero No.17887684]

>>17887385
Yes. I think many are just eager and impatient so they tell themselves that the recession is over when it clearly has just begin. People are funny.

[Anonymous No.17887702]

>>17887605
Ask yourself if parliament considers BP too big to fail... If yes then you know what to do.

[Anonymous No.17888321]

>>17887548
for me, it's shell

[Anonymous No.17888524]

>>17885999
Checked but isn't it early? Shutdowns are just getting going

[Anonymous No.17888550]

>>17885529

I owned Canadian oil producers before the crash and they were cheap back then.

Took a brutal shit kicking, wish I can buy more at these prices.

[Anonymous No.17888623]

Wet your beaks below $27. Don't go all in yet.

Do strategic buys all the way down to $20.

I repeat: DO NOT GO ALL IN YET.

[Anonymous No.17888723]

>>17886598
I'm easing myself in. I'm behind on retirement saving and taking this in nibbles. Bought some this week, buying more next month, etc. Barring full collapse, I should be fine.

[Anonymous No.17888922]

what oil funds should I buy in?

[Anonymous No.17889717]

>>17888922
USO follows the price of crude most closely
there are also x2 and x3 ETFs. A x3 ETF that is being shilled hard in /smg/ is GUSH

[Anonymous No.17889797]

>>17885999
> oil double or triple by Christmas time.

You are a literal spastic. Oil is dead.

[Anonymous No.17889953]

>>17886982
>depends what asset. The stock market will go further down. I agree that we have a long depression ahead of us, but oil will go back up.
>There are two extraordinary and highly unusual events that are currently driving the oil price down, namely complete worldwide shutdown because of corona virus and russia/saudi dick swinging contest. Once either of these two clear up oil will go up.


And that's exactly it, they won't back down, zero-carbon 2050 is about to get arse shanked. Russia has more reserves than anyone and the Saudi's produce it cheapest, Bye Bye Mrs US Oil Pie. Them, reserves in Alaska? Russia has more.

[Anonymous No.17890029]

>>17889797
planes can finally fly on solar energy now?

[Anonymous No.17890054]

>>17885596
It isn't even edible, baka

[Anonymous No.17890122]

>>17889953
Lol the U.S. capped California's wells in the 50s. You ain't seen nothing yet if the U.S. has to pop the cap on their "strategic" reserves.

[Anonymous No.17890368]

>>17890029
Do you not see the macro level movement here? Russia nor the Saudi's are going to back down. Anyone who thinks oil will triple by Yule is a retard.

[Anonymous No.17890489]

>>17890368
The next years are already looking very bad for Russia, unless they have a pillaging war planned in the near future and annex ukraine I dont see how they can sustain this situation.

[Anonymous No.17890587]

>>17890489
This. Saudis too actually cuz their whole government and country runs on oil sales. True it only costs them a few dollars to produce a barrel BUT they need like way more profit off that barrel to support their rather lavish government spending.

[Anonymous No.17891113]

>>17885999
Massive bear shit for the US
Shale is a meme
The temporary benefit for Russia is huge. That is why they have withdrawn from OPEC+.
Win for Iran, Russia., Chinks

[Anonymous No.17891181]

>>17891113
Lol not if we close out ports and force everyone to only use domestic oil.

[Anonymous No.17891334]

>>17891181
So completely cut off yourselves form the role of oil exporter?
That would be another nail in the coffin of US hegemony. I can unironically imagine Drumpf doing it.

[Anonymous No.17891614]

>>17891334
America sells most of its oil domestically.

[Anonymous No.17891691]

>>17885999
Based. I love these optimistic whitepills

[Anonymous No.17891737]

aside from greedy jews' bottom line, is there any reason why cheap oil is bad?

[Anonymous No.17892127]

what about just buying long term futures on oil itself?

why gamble on the producers

[Anonymous No.17892209]

>>17892127
That's what a lot of people are doing. It's part of what a fueling the asset dump. People are liquidating parts of their portfolios for oil futures.

[Anonymous No.17892311]

where is it showing oil at $20

[Anonymous No.17892365]

>>17885999
How about RDS and XOM and Phillips?

[Anonymous No.17892466]

I work in the oil field (electronics/automation) out in West TX. Trump said we are going to fill the oil reserves and he meant it. I assure yall, we are going full steam ahead.

[Anonymous No.17892639]

>>17885529
i've bought over 3000 shares of husky energy under $3 over the past few days and have laddered buys all the way down to 1.75. 15% dividend on a cyclyical commodity? I'm 25 I dont care if i hold this shit until I have one foot in the grave, the saudis are giving me something as good as gold for free so im gonna buy and HOOOOLLLLLDDDD

[Anonymous No.17892668]

>>17892311
its coming have you not been paying attention to saudi arabia's bitch fit? they just arrested 300 saudi princes, told putin to go fuck himself and ordered aramco to start pumping 12.3 mil barrels a day.

It wont last but for now its free cheapies

[Anonymous No.17893034]

>>17892466
should i buy?

[Anonymous No.17893169]

>>17889797
>Oil is dead.

Lmao, imagine being a Zoomer so dumb, you don't even comprehend how absolutely thirsty this civilization is for oil...

Everything from food production, electricity generation, the clothing you wear, the plastic ass beads you shove up your ass.. all made from crude oil distillates.

And demand has been growing up until this mess.

Oil back at $70 by year's end.

[Anonymous No.17893175]

>>17885529
$0.20

[Anonymous No.17893191]

>>17885529
>husky energy
>>17885999
>>17892639
>>17893034
How do I buy oil? WTF do I buy? Do I use Robinhood? Help me anons

[Anonymous No.17893219]

>>17892639

Based.

I own Whitecap Resources which got REKT like everything else, but they are a low cost liquids producer in Alberta and they've seen and survived $20 prices. Gonna be buying back in.

[Anonymous No.17893289]

>>17893169
This. I fucking hate zoomers so fucking much. They are the most delusional generation ever. They love to talk big while knowing nothing about the real world.

[Anonymous No.17893317]

>>17889797
>>17890368
Saudis can pump 12 mil @ max capacity and milk and extra 300k from storage drawdown for ~ 1 year, after which the logistics of balancing resources between production and drawdown becomes impossible and output drops. The political fallout of sub 30 oil will catch up with them far before that though, just arrested 300 saudi princes in a crackdown this week. They can do this for a couple quarters max.

Oil will never go away. Without oil derived nitrate-fixed fertilizers the carrying capacity of the global agriculture industry drops to 2.7 billion people. Environmentalists can bitch all they want and to an extend i sympathize, but I've never actually met one who can tell me what we do about the food running out if we get rid of oil. Oil is not going anywhere, like it or not.

[Anonymous No.17893339]

Waiting for bullish signals before riding the oil rollercoaster. We haven't touched bottom yet.

[Anonymous No.17893350]

Anyone else here remember all those rich people and big time funds virtue signal in late 2019 that they were divesting from oil? Damn that's probably a helluva swing if they're low key buying back their positions rn.

[cunt No.17893359]

>>17893169
>>17893289
NO I NEED TO DRIVE MY BIG BOY TRUCK TO FEEL LIKE A MAN NOOOOOOOOO WE HAVE TO KILL THE EARTH SO I CAN LIVE IN A SUBURBAN WASTELAND
https://www.youtube.com/watch?v=_H2v7kTVPIE

[Anonymous No.17893371]

>>17889797
Please kys

[Anonymous No.17893392]

Is it true that Putin said Russia can sustain boomer juice barrels at the price of 8 brrrrs for years?

[Anonymous No.17893404]

>>17893317
Tbf monoculture is wildly inefficient. We could pare down reliance on fertilizers a lot by using more diversified land use practices.

[Anonymous No.17893410]

>>17889717
Why gush? Why is it down 95%

[Anonymous No.17893414]

>>17890489
>>17890587
Wrong. Russia has no debt and huge reserves and their budged is already prices at $20 oil.

[Anonymous No.17893428]

>>17893169
do i buy an etf or actual drums of oil?

[Anonymous No.17893443]

>>17893359
>JP Morgan Economists say
That's not a source to trust on environmental issues. I don't think they are trustworthy when it comes to money either, considering the length of their noses.

[Anonymous No.17893467]

>>17893404
This is true, big Ag cares more about money than they do about feeding people. That's the only reason they push for ethanol at the pumps.

[Anonymous No.17893486]

>>17893428
The latter :)

[Anonymous No.17893501]

Guys I work in the alberta oil patch and most of the work I've done the past year or two has been at Pembina they have a lot of gas plants being built, also if/when the oil industry comes back CNRL has been buying up basically everything since like 2015

[Anonymous No.17893544]

>>17893410
GUSH also includes natural gas and it's a pain in the ass to deal with. I prefer USO. You don't really need to spice oil up with leverage.

[Anonymous No.17893554]

>>17893428
which etf?

[Anonymous No.17893605]

>>17893392
Yes. He also has a big dick and I unironically see Russia becoming sole superpower in 20-30 years as the North pole shrinks and they get the best trading route fully operating in Russia+mine the fuck out of Siberia. Plus they have very good scientists almost immune to brain drain, a big military to back everything up and have been getting better than glowies at glownigger things lately.

[Anonymous No.17893801]

>>17893605
That's crazy tho. Also I take Putin's word with a grain of salt. He's probably posturing to an extent

[Anonymous No.17893850]

>>17893801
Of course. What he means is more in line with "Kazakhstan is still Russia's bitch and their oil is ours if needed", which it is.