Oil Chads General /OCG/

[Anonymous No.18521631]

Hello fellow Chads. Today we celebrate our investments & our buys in the dips.
They told us oil is dead. Nope. We will come back stronger than ever.
Oil is the future.
Baby yoda says death to commies

[Anonymous No.18521985]

>>18521631

[Anonymous No.18522001]

>>18521631
so as a pleb with 5k and no idea what to buy.
why do you say oil and what do i buy?

[Anonymous No.18522637]

>>18522001
>why oil?
heavy discount right now because of low demand from covid-19 and high supply from U.S. shale. oil is still incredibly energy efficient so it’s not going away for the foreseeable future

>what should I buy?
ez mode: buy the supermajors (XOM, CVX, SLB, HAL, etc.). I would avoid OXY (the debt they took on from buying anadarko is probably too much to bear)
hard mode: research the financial statements of the U.S. shale independents and buy those you think can survive the downturn. lenders are tired of waiting for returns so they aren’t lending more. the companies need to pay the debt. so buy companies you think can pay off their debt at $30 oil for the next year and $40 oil the year after

[Anonymous No.18522650]

fuck your petrodollar amrifat

[Anonymous No.18522665]

>>18522637
I'm writing covered calls expiring at the end of may on my oxy. Probably going to keep doing it until this summer or they go bankrupt.

[Anonymous No.18522676]

>>18522637
Yo chief I’m a complete noob to all this shit but I have about a thousand bucks saved up (recovering neet who just got their first paycheck) should I buy oil?

[Anonymous No.18522705]

Just invested for the first time today in XOM, KOS, CVX and MRO.

[Anonymous No.18522709]

>>18522676
no spiral nigger. invest in russian ruble, china yuan, iranian rial. Short USD

[Anonymous No.18523222]

>>18522665
fair enough, Icahn is doing what he can to save the ship in the short term. in the long term vicki colossally fucked up beyond repair imo

>>18522676
depends on how long you want to hold. if you don’t mind waiting 2-3 years I would say yes, buy oil. $500 in XOM, $500 in CVX. they have strong Permian positions and manageable debt. with only $1000 I would skip the service companies but if you want to invest in them too I would invest in SLB. they have a strong international portfolio which is performing better and they have a leg up on digitalizing the oilfield (automation) which will be huge. but again, this is not a quick turnaround profit. you’re going to have to be patient and not panic sell

[Anonymous No.18523264]

I'm retarded, why is XOM going up when oil prices are going down? Thank you.

[Anonymous No.18523304]

>>18523264
they have the most to benefit from this squeeze that is being put on the smaller usa producers

[Anonymous No.18524503]

>>18521631
Oil etns and etfs are the only thing I am longing right now.

[Anonymous No.18524510]

>>18522705
your investment will go down next week. you bought on a green day. Dont look at your account for a few months. Do not under any circumstances panic sell

[Anonymous No.18524539]

When oil goes down next week, I’m going to buy even more
:)
I want to get MRO at $3.90 or lower
$4 is decent but not as satisfying

[Anonymous No.18524543]

>>18524510
ok thanks bro

[Anonymous No.18524673]

>>18524510
So buy oil next week then?

[Anonymous No.18524676]

Just copped

[Anonymous No.18524734]

>>18524673
Yes
MRO has a meeting Monday morning to release earning reports
Their stock will probably go down
Like I said, anything $4 or lower is a really really good deal.
But honestly, you could buy right now & still make a long term profit
But it just won’t be as good as $4 or lower

[Anonymous No.18524741]

why do retards use robinhood? is fidelity that hard to work with because you need a PC?
also, do you think we'll see another dump when Q2 rolls around and corona-chan is still suffocating boomers?

[Anonymous No.18524835]

>>18524741
I tried to go with M1 finance but they spent 2 weeks trying to verify my bank account, while a lot of stock prices were at their all time lows & it totally caused me to miss out on profit
Robinhood took about 12-15 hours to verify my bank account
Also I have a blue collared job, not a white collared job, I don’t get to sit in an office with a computer
M1 finance has an app, but like I said, they didn’t even verify my bank account

[Anonymous No.18524869]

>>18524741
What’s wrong with Robinhood

[Anonymous No.18524877]

>>18524835
Fidelity has a phone app too. I guarantee that RobinHood will get swamped one day and lock up when you want to buy /sell. Also, build a damn safety net for 6+ months of money before you waste time with stonks

[Anonymous No.18524919]

>>18524877
Yes I know Robinhood got its servers overloaded during the market fall, I do plan on slowly switching over to something else- maybe fidelity

[Anonymous No.18524942]

>>18521631
Enjoy paying for rollover fees and storage fees for your shitty barrels of oil, no one needs.

Buying oil now only makes sense if you can store it somewhere physically for months.

No need to thank me.

[Anonymous No.18524960]

>>18524869
its for redditor who $500 from filming their gf's creampie gangbang and want to invest in Netflix stonks

[Anonymous No.18524975]

>>18524942
I’m not buying oil itself lmao
Also I’m also investing in companies that create storage tanks for oil companies
It’s a giant circle of easy money

[Anonymous No.18525048]

>>18524942
your time is better spent shilling link pajeet. thanks for playing tho

[Anonymous No.18525105]

>>18524975
This kind of thinking is how you get all your money gobbled up by investment firms

[Anonymous No.18525369]

>>18524741
I use Fidelity. I hate their app doesn't show volume on options on the chain.

[Anonymous No.18525584]

>>18524975
Store won't be needed after the crisis is over, it's needed now and everything is priced in.

What else companies are you buying then?

[Anonymous No.18525603]

>>18525048
Pajeet won't speak english so good, I'm German. But please invest into oil. Won't stop you.

[Anonymous No.18525761]

>>18524741
I fucking hate Robinhood, but I’m still down $40 all time from buying retarded options when I was Level 1 thug so I refuse to leave the app until I double my money

[Anonymous No.18525973]

ho do you get funds into your brokerage account. mine says i have to send them a check (5-7 days) or wire transfer 1-2 days (im not a criminal idk what a wire transfer is)

[Anonymous No.18526068]

>>18524503
Same. After they moon I will sell and buy energy sector stocks.

[Anonymous No.18526166]

>>18524741
I think it's just word of mouth. I use Fidelity myself but in my blue collar world I meet a lot of Robin Hood users. Between the two of them I wish they would open the way to trading with cryptocurrency.