/biz/ - Business & Finance

[Anonymous No.1804400]

WHAT THE FUCK IS GOING ON WITH THE ENERGY SECTOR REEEEE THIS SHITS WEIGHING DOWN MY PORTFOLIO

[Anonymous No.1804585]

Oil commodities are fucked for at least the next two years (unless war).

[Anonymous No.1804606]

>>1804585
this

>>1804400
shale companies don't operate like regular oil fields do. Any swings in the $50-$60/bbl range will result in many drilled but uncompleted (DUC) wells going online. OPEC isn't as dead as some commentators make it out to be, but it is locked into a position where it isn't the swing producer anymore.

By making Aramco public, the Saudis are the only ones catching on how to make it in this market, but their attempts at increasing production will be blocked by the remaining oil producing countries, which have higher costs of production and see that Saudi Arabia is using this time to increase their market share.

Stay away from energy lad.

[Anonymous No.1804647]

>>1804400
I hope you don't have a lot of money invested in off-shore oil companies. Those guys are totally fucked. They'll all go bankrupt or shrink drastically before oil is expensive enough for them to turn a profit.

I have some positions in smaller midcap US-based shale and fracker companies. The same guys bottoming out prices. My theory is they will be much more profitable then they were since they have more market share at expense of OPEC.

So while most oil company stocks follow the price of crude, these should increase in value once their earnings reports start blowing up.

Yeah but oil sucks. It's going to trade flat for a very long time.

[Anonymous No.1804747]

>>1804400