How to profit from the OIL DIP: Thread

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How to profit from the OIL DIP: Thread Anonymous Mon Apr 20 12:59:27 2020 No.18572813 [Reply] [Original]

SMG is moving to fast.
How to profit off this dip.
Nothing is dipping with oil.
XOM and Chevron literally just -2% while oil -75%.
USO -20%

I bought USO puts.
Will I make it?
Will USO follow oil?

>>	Anonymous Mon Apr 20 13:00:24 2020 No.18572837 >>18572813 >How to profit from the OIL DIP simple: you dont. American Oil is finished.

>>	Anonymous Mon Apr 20 13:00:47 2020 No.18572849 You are going to lose your money and you are freaking out.

>>	Anonymous Mon Apr 20 13:01:37 2020 No.18572864 File: 432 KB, 576x543, LOSINGMY.png [View same] [iqdb] [saucenao] [google] short the petrodollar buy Russian ruble, iranian rial, chinese yuan

>>	Anonymous Mon Apr 20 13:03:06 2020 No.18572908 >>18572849 You are probably right, I dont know what the fuck I'm doing.

>>	Anonymous Mon Apr 20 13:27:16 2020 No.18573587 Do we buy USO now to profit?

>>	Anonymous Mon Apr 20 13:30:22 2020 No.18573667 >>18573587 USO is the one up high all the way up there, high, high, high as fuck.

>>	Anonymous Mon Apr 20 13:31:06 2020 No.18573681 >>18573587 US oil is finished.

>>	Anonymous Mon Apr 20 13:32:39 2020 No.18573722 Why don't they just pump it back into the ground to store it for when prices go back up?

>>	Anonymous Mon Apr 20 13:34:07 2020 No.18573783 >>18573722 Some oil wells cant do that. In fact they cant even stop pumping up. So they just keep going. There are no barrels left to store it in though.

Anonymous Mon Apr 20 13:34:36 2020 No.18573798

>>18572813
I hear Ford stock goes up with low gas prices, tankers i feel are already priced in. Oil companies could get bail out which might drive up price or just fuck everyone.

At this point could maybe just long option call any oil company once it starts to tank but that will take a few days or a week I am thinking.

>>	Anonymous Mon Apr 20 13:34:39 2020 No.18573799 >>18573722 Why are they still pumping in the first place?

>>	Anonymous Mon Apr 20 13:36:58 2020 No.18573883 >>18572813 It will NOT stay this low. Once this "Pandemic" is over people are going to be out in cars in droves. Demand will increase, price will go up. What else you gonna drive? Your Tesla?

>>	Anonymous Mon Apr 20 13:37:37 2020 No.18573902 >>18572813 >just a dip bro

>>	Anonymous Mon Apr 20 13:38:15 2020 No.18573915 >>18573883 denial: the post. American Oil companies are FINISHED.

>>	Anonymous Mon Apr 20 13:38:17 2020 No.18573916 how do we invest in actual barrels?

>>	Anonymous Mon Apr 20 13:40:00 2020 No.18573962 File: 201 KB, 483x487, sachiko question.png [View same] [iqdb] [saucenao] [google] Why is this happening in the first place? Did Trump say something stupid? (I mean more than usual)

>>	Anonymous Mon Apr 20 13:40:05 2020 No.18573965 >>18573883 Demand will never increase again. 90% of employees have asked for wfh to continue even after pandemic. Society has evolved past commuting. This will never be done anymore.

>>	Anonymous Mon Apr 20 13:41:29 2020 No.18574000 >>18573965 being this retarded

>>	Anonymous Mon Apr 20 13:42:53 2020 No.18574036 >>18573883 We're gonna end up stupidly opening up america in a month or two and oil prices will shoot up, next thing you know everyone gets sickand we end up in lockdown again.

>>	Anonymous Mon Apr 20 13:42:59 2020 No.18574039 >>18573965 and 90% of employees will still be going into the office. My former job had a GREAT WFH program...after 6 years some nigger came in and scrapped it.

>>	Anonymous Mon Apr 20 13:43:19 2020 No.18574051 >>18572813 cheap as fuck USO calls for 5/15 and 1/15/21 already up today

>>	Anonymous Mon Apr 20 13:43:41 2020 No.18574063 WHAT GOD DAMN FUND DO I BUY TO INVEST DIRECTLY IN OIL YOU FUCKING NIGGERS. TELL ME

>>	Anonymous Mon Apr 20 13:44:11 2020 No.18574071 >>18573915 You forget $147 a barrel oil just 6 years ago.

>>	Anonymous Mon Apr 20 13:44:24 2020 No.18574079 Carbon neutral by 2021. Literally every government signed up for cutting emissions to zero. Now that is has actually happened, how can they justify restarting emissions? Heavy industry is OVER

>>	Anonymous Mon Apr 20 13:44:48 2020 No.18574095 >>18573681 >>18573915 Trying to hog oil stocks for themselves There will always be a demand for oil you fucking retards

>>	Anonymous Mon Apr 20 13:45:16 2020 No.18574109 >>18574063 I bought into USO.

>>	Anonymous Mon Apr 20 13:46:11 2020 No.18574136 IT'S GOING BACK UP, QUICK, SOMEONE TELL ME WHAT TO BUY

>>	Anonymous Mon Apr 20 13:46:30 2020 No.18574144 >>18574109 But why hasnt uso fallen after oil dropped like a rock? Is it about to drop too?

>>	Anonymous Mon Apr 20 13:46:52 2020 No.18574156 File: 85 KB, 1024x838, 1586610898671.jpg [View same] [iqdb] [saucenao] [google] >>18574036 So once everyone is dead do you buy?

>>	Anonymous Mon Apr 20 13:46:52 2020 No.18574157 >>18574136 none of these fucking shitskins will tell me what to buy

>>	Anonymous Mon Apr 20 13:48:13 2020 No.18574189 >oil down to a dollar >literally can't make money because oil stocks aren't effected at all What the actual fuck?

>>	Anonymous Mon Apr 20 13:48:13 2020 No.18574191 >>18574095 yes but not from America.

>>	Anonymous Mon Apr 20 13:48:27 2020 No.18574198 >>18572837 >>18573681 >>18573915 You buy these shorts then at $21, mongol.

>>	Anonymous Mon Apr 20 13:48:52 2020 No.18574210 File: 978 KB, 1071x1772, SmartSelect_20200420-134726_Gallery.jpg [View same] [iqdb] [saucenao] [google] >>18574063 Here you fuck

>>	Anonymous Mon Apr 20 13:49:06 2020 No.18574216 What are some good oil stocks/funds bros?

>>	Anonymous Mon Apr 20 13:49:09 2020 No.18574217 File: 565 KB, 733x1200, 1556783837911.png [View same] [iqdb] [saucenao] [google] >>18574189 exactly, what the fuck are we supposed to do?

>>	Anonymous Mon Apr 20 13:49:21 2020 No.18574229 >>18574156 No anon stocks only go up.

>>	Anonymous Mon Apr 20 13:49:22 2020 No.18574230 >>18574109 USO is really likely to keep dropping to sub $1. Safest bet is to buy the big boys like xom, or at least a different cetf

>>	Anonymous Mon Apr 20 13:49:37 2020 No.18574242 ONE NOTHING WRONG WITH ME

>>	Anonymous Mon Apr 20 13:49:52 2020 No.18574248 File: 7 KB, 250x248, 1565564966698.jpg [View same] [iqdb] [saucenao] [google] >>18574189 >it's priced in

>>	Anonymous Mon Apr 20 13:50:26 2020 No.18574270 >>18574210 what site is that pajeeto?

>>	Anonymous Mon Apr 20 13:50:51 2020 No.18574280 How the fuck I buy Oil futures????

>>	Anonymous Mon Apr 20 13:51:42 2020 No.18574310 >>18574270 ngmi

>>	Anonymous Mon Apr 20 13:52:06 2020 No.18574327 >>18574270 Robinhood on desktop. Not too complicated

>>	Anonymous Mon Apr 20 13:52:37 2020 No.18574350 >>18574280 Just buy them

>>	Anonymous Mon Apr 20 13:54:02 2020 No.18574401 This is an abnormal all time low, could someone explain how to make it back without a war? Cause I really can't see other way out

>>	Anonymous Mon Apr 20 13:54:08 2020 No.18574403 >>18574189 Oil is a resource not a currency. Companies over drilled oil due to the decrease in demand are selling to highest bid.

>>	Anonymous Mon Apr 20 13:55:00 2020 No.18574447 USO puts are up 50% >USO calls are also up 50% Cool

>>	Anonymous Mon Apr 20 13:55:30 2020 No.18574466 File: 192 KB, 660x574, 1546312503332.jpg [View same] [iqdb] [saucenao] [google] >$0.80

>>	Anonymous Mon Apr 20 13:56:07 2020 No.18574502 >>18574447 so you made $0, cool

>>	Anonymous Mon Apr 20 13:56:27 2020 No.18574515 how the fuck a europoor buy oil? p[ls

>>	Anonymous Mon Apr 20 13:56:28 2020 No.18574516 For fucks sake guys, how can companies barely lose value when the very product they sell isn't worth shit no more?

Anonymous Mon Apr 20 13:56:42 2020 No.18574527

>>18574189
It's not that nobody values it anymore; there's just no fucking place to put current production.

Fill your whole fucking house with 24-pack megarolls of Cottonelle TP, then Walmart starts selling it for a nickel a package. You have no use for it even at that price.

>>	Anonymous Mon Apr 20 13:56:54 2020 No.18574542 >>18574189 The people who lost money were futures speculators. These companies will hardly be affected

>>	Anonymous Mon Apr 20 13:57:19 2020 No.18574572 oil is only down 10% retards. first day on futures?

>>	Anonymous Mon Apr 20 13:58:08 2020 No.18574621 >>18574280 You don't unless you want to get wrecked on margin or have 10,000 barrels of oil show up on your front lawn.

>>	Anonymous Mon Apr 20 13:58:50 2020 No.18574658 File: 1.21 MB, 310x314, 674FE692-CB5B-43BE-A751-E9C387A3F6AD.gif [View same] [iqdb] [saucenao] [google] >$0.07

>>	Anonymous Mon Apr 20 13:59:10 2020 No.18574675 >>18574515 Buy oil. Profit

>>	Anonymous Mon Apr 20 13:59:15 2020 No.18574679 >>18574621 >have 10,000 barrels of oil show up on your front lawn. Yes please

>>	Anonymous Mon Apr 20 14:01:09 2020 No.18574756 >>18574675 yes, but like, where do I put the money?

>>	Anonymous Mon Apr 20 14:01:36 2020 No.18574769 >>18574756 Give it to me.

>>	Anonymous Mon Apr 20 14:08:12 2020 No.18575013 Should I buy some relatively cheap OIL $8 calls for Jan 2022 and just forget about it for awhile?

>>	Anonymous Mon Apr 20 14:10:22 2020 No.18575111 >>18574230 I plan on holding it for at least a year. Was $13 a year ago and really did not start falling till this whole chinese virus hit.

>>	Anonymous Mon Apr 20 14:10:24 2020 No.18575113 >>18575013 Yeah that's probably a decent idea anon.

>>	Anonymous Mon Apr 20 14:13:20 2020 No.18575267 Do we get paid to buy in the negative?

>>	Anonymous Mon Apr 20 14:13:58 2020 No.18575307 >>18573962 Oil is being produced and not used, oil costs money to produce and store. If you're paying to store oil that you can't sell, the oil is worthless to you.

>>	Anonymous Mon Apr 20 14:18:37 2020 No.18575554 LMAO at the idiots in this thread arguing to STILL buy it

>>	Anonymous Mon Apr 20 14:20:58 2020 No.18575678 >>18575554 I just want to know which funds/ETFs to buy

>>	Anonymous Mon Apr 20 14:21:49 2020 No.18575715 >>18574210 >doge you fucking faggot

>>	Anonymous Mon Apr 20 14:23:32 2020 No.18575804 >>18575678 Do buy paper buy oil

>>	Anonymous Mon Apr 20 14:24:02 2020 No.18575835 >>18572813 >Will USO follow oil holy shit you're retarded

>>	Anonymous Mon Apr 20 14:24:51 2020 No.18575876 >>18575835 explain

Anonymous Mon Apr 20 14:25:12 2020 No.18575890

>>18575678
From what I can see, hardly any stocks or ETFs are affected by this. There might be another dip in the coming weeks as demand continues to drop, but many are already buying ETFs in the current "dip" and holding long-term for potential profit.

>>	Anonymous Mon Apr 20 14:29:09 2020 No.18576097 >>18575835 elaborate

>>	Anonymous Mon Apr 20 14:30:36 2020 No.18576190 >>18574144 oil isnt worthless, only the may contracts are worthless. June contracts are still trading at 22 or thereabout. Am 30% sure about this.

>>	Anonymous Mon Apr 20 14:32:26 2020 No.18576285 >>18576190 nope 20 now will be $5 by end of day

>>	Anonymous Mon Apr 20 14:34:24 2020 No.18576406 >>18575835 This is /biz/ Yes lots of people are retarded here. Explain yourself you faggot.

>>	Anonymous Mon Apr 20 14:39:00 2020 No.18576617 Oil and correlation to airlines burning oil? Anyone have insights on this?

>>	Anonymous Mon Apr 20 14:39:14 2020 No.18576636 >>18574679 Barrels not included

>>	Anonymous Mon Apr 20 14:40:31 2020 No.18576683 >>18576636 This important distinction is exactly why it is offered at 1 cent right now.

>>	Anonymous Mon Apr 20 14:45:46 2020 No.18576959 >>18576683 Can I offer to use pet bottles?

>>	Anonymous Mon Apr 20 14:47:46 2020 No.18577072 >>18576959 Aren't they already full with your piss?

Anonymous Mon Apr 20 14:48:08 2020 No.18577095

>>18573915
>>18574216
ExxonMobil. All the retards in this thread saying American Oil companies are finished don't realize all of the international assets these companies have and even if shale or fracking isn't profitable that's not going to matter in places like Guyana

>>	Anonymous Mon Apr 20 14:48:29 2020 No.18577118 >>18572813 BUY NATURAL GAS STONKS Antero resources you niggers

>>	Anonymous Mon Apr 20 14:50:49 2020 No.18577265 How to profit? Take delivery in mid May, then burn it

>>	Anonymous Mon Apr 20 14:54:27 2020 No.18577488 >>18574210 1 share of tendies please

>>	Anonymous Mon Apr 20 14:59:58 2020 No.18577782 >>18574401 Time. Small companies will bail.

>>	Anonymous Mon Apr 20 15:00:24 2020 No.18577811 >>18572864 This. And PMs, obviously.

>>	Anonymous Mon Apr 20 15:01:51 2020 No.18577883 >>18572813 You should have bought SPY puts instead of making this thread.

>>	Anonymous Mon Apr 20 15:16:45 2020 No.18578818 >>18572813 What the fuck do you mean they are finished? This is temporary and the demand is still there.

>>	Anonymous Mon Apr 20 15:29:15 2020 No.18579535 >>18578818 demand has been below supply for years they were just delaying the inevitable there's no saving it

>>	Anonymous Mon Apr 20 15:31:41 2020 No.18579679 >>18575876 >>18576097 >>18576406 USO is literally a bunch of WTI futures contracts

>>	Anonymous Mon Apr 20 15:39:42 2020 No.18580068 >>18577095 Its barely moved down at all. Will it go down eventually or is it just gonna chill?

Anonymous Mon Apr 20 15:45:39 2020 No.18580360

>>18574198
You niggers are confusing spot price with futures. This board is overflowing with newcancer noobs and the stench is unbearable.
Shale producers break even at $50 a barrel. They are all going fucking bankrupt right now and their shitty backwater meth riddled redneck states are going to become even more irrelevant. Mutts will be sucking beautiful, cheap Saudi oil forever. In fact there's 14 million barrels being shipped over right now.

>>	Anonymous Mon Apr 20 15:47:19 2020 No.18580448 >>18574447 >What is volatility

>>	Anonymous Mon Apr 20 15:48:52 2020 No.18580532 >>18575307 why don't we just use the oil then

>>	Anonymous Mon Apr 20 15:50:26 2020 No.18580626 >>18580532 >why don't we just use the oil then How? Everyone is stuck at home.

>>	Anonymous Mon Apr 20 15:51:21 2020 No.18580686 Most of big oil is not being affected too much because they have a big refining base, and with crude so low and pump prices high, refining is hugely profitable. Shale producers are all giga fucked though.

>>	Anonymous Mon Apr 20 15:52:12 2020 No.18580732 Because I'm too much of a pleb to make sense of how to make a profitable fast play here I just copped some SPXU (which is essentially shorting the S&P 500 with 3x leverage for you other plebs). Wish me luck bois.

>>	Anonymous Mon Apr 20 15:52:35 2020 No.18580761 LONG oil. buy at any price

>>	Anonymous Mon Apr 20 15:53:56 2020 No.18580815 >>18580761 Because demand is about to explode, right? There's gonna be more demand than mid-2019 the fucking easter bunny is gonna buy your oil

>>	Anonymous Mon Apr 20 15:54:46 2020 No.18580847 >>18580686 pump prices in my country is down 20% and dropping every day. about 3/4 is now just tax

Anonymous Mon Apr 20 15:55:52 2020 No.18580881

>>18576636
what is the real consequence of this? Lets say I get paid to take 10,000 barrels worth of oil, and I'm not able to sell the contract. will someone literally give me a call asking where I want my barrels? and if so, what happens if I tell them i have no where to put it.

>>	Anonymous Mon Apr 20 15:56:52 2020 No.18580926 >>18580881 They will charge you for the rent of the truck they are using to transport your oil probably double digits per hour

Anonymous Mon Apr 20 15:56:58 2020 No.18580930

>>18574063
>>18574144
Its fucking impossinle to buy this shit. USO needs to roll forward the contracts so it will also keep losing money, i.e. selling the current contract at a loss and having to buy the next one which is still priced over $20. I literlaly cant figure out how to profit from this on e in a lifetime event... Do I just short USO instead or wtf do I do

>>	Anonymous Mon Apr 20 15:57:01 2020 No.18580932 If it's really just a basic case of too much supply with extremely low demand because of corona, how come literally no one predicted it? It's seems way too simple to be just that

>>	Anonymous Mon Apr 20 15:58:48 2020 No.18581012 >>18572813 God i don't remember the names but invest in oil tanker ships and oil storage. They are the ones who are getting paid to keep oil under these contracts, and they're going to keep getting paid troughout this oil crisis

Anonymous Mon Apr 20 15:59:09 2020 No.18581030

>>18580932
you think the there are magic leprechauns in charge immune to the "hiding heads in sand to pretend the problem doesn't exist" strategy?
everyone is equally retarded as the rest of us humans
there was a hope that the production cuts would somehow stabilize the price

>>	Anonymous Mon Apr 20 16:00:08 2020 No.18581082 >>18579679 So can we make money shorting USO?

>>	Anonymous Mon Apr 20 16:01:18 2020 No.18581132 >>18580881 couldn't i just use a cut of the profit i made being sold oil to pay for it?

>>	Anonymous Mon Apr 20 16:02:47 2020 No.18581188 >>18581030 People in 2007 predicted the fucking housing bubble, while this now seems ten times simpler and more obvious than that, if it's really just supply and demand. Yet literally no one was even speculating on it happening on any similar level

>>	Anonymous Mon Apr 20 16:03:21 2020 No.18581211 >>18581188 Why weren't you?

>>	Gary Mon Apr 20 16:03:50 2020 No.18581237 >>18580360 Tarifs when?

Anonymous Mon Apr 20 16:06:15 2020 No.18581337

>>18581211
Because I did not care about any kind of investing in oil so ofcourse I don't follow what's happening with it other than major news, but saw plenty of oil threads happening on here aswell, sure if someone is a regular on this topic would've atleast speculated on it happening?

>>	Anonymous Mon Apr 20 16:07:52 2020 No.18581408 >>18574542 thats not true speculators cant buy this easily because its so close to expiry

>>	Anonymous Mon Apr 20 16:13:36 2020 No.18581661 >>18580360 We all bow down to your intelligence

>>	Anonymous Mon Apr 20 16:15:30 2020 No.18581758 >>18580626 Why don't we just burn it in our backyard?

>>	Anonymous Mon Apr 20 16:23:36 2020 No.18582098 >>18572849 Update. I bought puts with 1.50 strike price at 0.03 and sold them at 0.11. Fees took out a massive chunk so only profited +90%

Anonymous Mon Apr 20 16:46:01 2020 No.18582830

>>18580881
Better rent your neighbor's swimming pool just in case.

Actually, it's not on a truck but sitting somewhere and on expiry they tell you where you can pick it up. There well be storage and facilities costs until you do. Normally you could do a contract rollover, but with oil running out of places to put it... I don't know, it'll probably be bad...

>>	Anonymous Mon Apr 20 16:51:41 2020 No.18583009 >>18581337 someone always makes money

>>	Anonymous Mon Apr 20 16:54:45 2020 No.18583093 >>18574210 Cringe

>>	Anonymous Mon Apr 20 16:56:28 2020 No.18583141 >>18573587 fuuuuuuuuck no USO lags behind the price of oil if you bought USO this week you'd be an idiot

>>	Anonymous Mon Apr 20 16:58:42 2020 No.18583212 >>18582830 assuming i arrange my own pickup, what if i just dig a whole and burn it, and then don't tell anyone about it? is the epa gonna need some kind of follow up?

>>	Anonymous Mon Apr 20 16:59:57 2020 No.18583259 >>18576617 Literally supply and demand, brainlet. Airplane no go bbrrrrr so oil no go glug glug.

>>	Anonymous Mon Apr 20 17:00:37 2020 No.18583283 >>18574210 you have such little skin in the game its like you shouldnt even comment

>>	Anonymous Mon Apr 20 17:01:07 2020 No.18583302 >>18581337 by looking at the open interest on the may contract ~5 billion dollars have vanished for one side of the people trading crude. we'll probably read news about a hedgefund going bankrupt in the next days.

>>	Anonymous Mon Apr 20 17:01:47 2020 No.18583323 >>18574621 >have 10,000 barrels of oil show up on your front lawn. I rent so nbd lol fuck landlords

>>	Anonymous Mon Apr 20 17:03:40 2020 No.18583384 File: 55 KB, 340x148, file.png [View same] [iqdb] [saucenao] [google] Good thing I stockpiled these babies

>>	Anonymous Mon Apr 20 17:05:13 2020 No.18583426 File: 4 KB, 211x239, 1509323333690.png [View same] [iqdb] [saucenao] [google] >>18574191

>>	Anonymous Mon Apr 20 17:05:21 2020 No.18583431 >>18573916 pretty sure modern barrels are all made of steel. theres loads of manufacturers

>>	Anonymous Mon Apr 20 17:07:44 2020 No.18583508 buy tanker stocks

>>	Anonymous Mon Apr 20 17:08:34 2020 No.18583536 >>18583141 Thats not true but uso still sucks.

>>	Anonymous Mon Apr 20 17:08:48 2020 No.18583549 >>18573962 We lefty pol now

Anonymous Mon Apr 20 17:12:16 2020 No.18583658

>>18583212
Unless the contracts keep going down, I still don't think you'd make money on that plan. That's probably criminal charges not just civil. In case you've never lit oil on fire before, people are going to notice that. Even just dumping it is way too noticeable. It's not a contract for oranges we're talking about.

Anonymous Mon Apr 20 17:17:54 2020 No.18583858

>>18573965
This disregards human nature. Execs get off on the idea of having all their people together in their massive building. A kingdom of serfs and you their lord. Soon as this crisis is over get the fuck out of telestocks. What, you think this tele shit just happened yesterday? ask yourself why its taken them til now to implement it. Answer, they dont want to. How are you going to fuck that cute girl in sales if she never comes to the office?

If humans did what was logical instead of what was best for them personally we'd be on fucking Mars by now.

tl;dr-- when the crisis is over buy fucking oil.

>>	Anonymous Mon Apr 20 17:19:00 2020 No.18583895 >>18573962 Yea, he said something about sad cuck faggots letting him live rent free in their heads for the next 5 years.

>>	Anonymous Mon Apr 20 17:20:52 2020 No.18583945 >>18579679 I still don't understand. Can you further simplify? When I buy oil on Robinhood, do I have to supply my delivery address?

>>	Anonymous Mon Apr 20 17:24:25 2020 No.18584045 File: 668 KB, 433x602, 120092311.png [View same] [iqdb] [saucenao] [google] >>18583895 RENT FREE

>>	Anonymous Mon Apr 20 17:24:54 2020 No.18584060 >>18574051 The puts for 5/15 are also up so what does that tell you

>>	Anonymous Mon Apr 20 17:25:54 2020 No.18584081 >>18583945 You can't trade futures on Robinhood.

>>	Anonymous Mon Apr 20 17:27:34 2020 No.18584151 >>18583945 XOM, PE, Shell.

>>	Anonymous Mon Apr 20 17:28:39 2020 No.18584179 >>18584060 I dont know, anon. Please spoonfeed me.

>>	Anonymous Mon Apr 20 17:28:43 2020 No.18584180 >>18584151 I have maybe WTI. Definitely real risk in USO.

>>	Anonymous Mon Apr 20 17:29:26 2020 No.18584205 File: 688 KB, 695x1175, 212414.png [View same] [iqdb] [saucenao] [google] One would think that there are companies that depend on the crude oil as reagent, and those would benefit by this quite a lot.

>>	Anonymous Mon Apr 20 17:29:39 2020 No.18584212 >>18574039 >americucks just bend and take it lmaaaao

>>	Anonymous Mon Apr 20 17:30:49 2020 No.18584244 >>18581237 when you decide that turning the US into a 3rd world country is a good thing

>>	Anonymous Mon Apr 20 17:32:43 2020 No.18584297 >>18572813 >How to profit from the OIL DIP Start a war with China

>>	Anonymous Mon Apr 20 18:00:36 2020 No.18585099 >refineries cant afford costs >their stock prices will crash >buy the dip

>>	Anonymous Mon Apr 20 18:02:10 2020 No.18585142 >>18574210 WOAH THERE BIG DICK RISK HERE

>>	Anonymous Mon Apr 20 18:05:29 2020 No.18585226 File: 8 KB, 236x236, PEPE38421.jpg [View same] [iqdb] [saucenao] [google] >must be 21 to buy stocks I'VE HAD IT UP TO FUCKING HERE REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>	Anonymous Mon Apr 20 18:40:06 2020 No.18586138 >>18573962 US didnt cut oil production US-based crude oil is over demand, price dumps dumps, dumps dumps to 0 then dumps below 0 end of America

>>	Anonymous Mon Apr 20 18:43:27 2020 No.18586228 Okokok, my neighbor - hes a farmer he has these huge silos, like six of them can I just get the oil, get the money, and fill the oil into those silos? (they're VERY big)

Anonymous Mon Apr 20 18:43:52 2020 No.18586241

>OIL IS DEAD

Because the entire military of the world and its population are all going to switch to solar and our aircraft carriers are going to be controlled by a lever you just have to wind up every five minutes. Also , all plastics made from crude oil is going to be outlawed. You fucks have no grasp on reality. Go for a walk.

Anonymous Mon Apr 20 18:44:47 2020 No.18586270

>>18573783
>can't stop pumping

nigga just pull the plug, wtf? last time I checked, we haven't developed unlimited energy yet (and it's be ironic if we fucking did and used it to extract oil) so just cut it's fucking power supply. nigga what?
>yeah man, my lawn mower just can't shut off. I keep it plugged in at my garage and it keeps me up all fucking night, I wish I could turn it off.

Anonymous Mon Apr 20 18:47:46 2020 No.18586358
File: 31 KB, 500x500, artworks-000436668261-q3n28w-t500x500.jpg [View same] [iqdb] [saucenao] [google]

All these financelets don't understand this isn't that big of a deal and is just temporary. The government will buy a lot of oil because they can store up to 75 million barrels.

This is for May contracts only, things are going to start opening up in may, June and July contracts onward will be fine.

Now would be a good time to buy HAL or XOM, both will be up 50% in the next 60 days.

cap this faggots

Anonymous Mon Apr 20 18:48:52 2020 No.18586390

>>18586270
oil is pressurized underground, like basically an air baloon
once you poke a hole in it, you can't just shut it off, it shoots out of the ground basically
thats why we have offshore borehole disasters. they obviously didnt just keep pumping when shit started hitting the fan

thats one type of oil field
the other is not pressurized, but once you stop pumping the oil, it basically all goes back down like when you stop sucking soda through a straw. takes a lot of effort to get it to run again, so it literally isnt equipped to do it, or extremely expensive & takes months to restart.

Anonymous Mon Apr 20 18:51:59 2020 No.18586485

>>18586358
>The government will
>>18586358
>store up to 75 million barrels.
they already did that. literally all the storage capacity is exhausted
do you believe they're just THAT stupid and didnt think of it yet?

but we saw China build a hospital in 10 days, they'll surely be able to build a gigantic tank in less

Anonymous Mon Apr 20 18:52:29 2020 No.18586502

>>18586358
You're guessing. Like every other investor born before you. You're dumb as fuck. Corona virus vaccine nowhere in sight.
>hurr durr the market gonna be booming in July because I like those months and the weather will be nice.

Fuck this dude.

Anonymous Mon Apr 20 18:54:09 2020 No.18586538

>>18572813
would it be possible to use the money I received from accepting the contracts to just pay someone to dig me a salt cavern like the DOE uses in texas? and then just dump the oil there? I can't find any info on it, but i imagine there's someone out there who could do it legally.

>>	Anonymous Mon Apr 20 18:54:50 2020 No.18586557 >>18586485 >>18586502 cry more fags

>>	Anonymous Mon Apr 20 18:54:50 2020 No.18586559 >>18585226 don't you just need to be 18?

>>	Anonymous Mon Apr 20 18:56:45 2020 No.18586618 >>18586538 >oil is underground for thousands of years >pump it up, dump it back underground >HEY THATS VERY ILLEGAL sad but true

>>	Anonymous Mon Apr 20 18:57:55 2020 No.18586640 >>185865 Keep LARPing as a successful investor. It's your pretend time so dont let strangers ruin your weird playtime.

Anonymous Mon Apr 20 18:58:38 2020 No.18586659

>>18586618
seriously though, if the department of energy does it for emergency reserves, surely there is someone out there who'd dig a big hole. Pick up some cheap, shitty land while. if anyone knows a company like that, i'm all ears, cause I can't find it.

>>	Anonymous Mon Apr 20 18:58:49 2020 No.18586665 File: 4 KB, 254x51, file.png [View same] [iqdb] [saucenao] [google] It'll climb back up by then, right?

>>	Anonymous Mon Apr 20 19:03:10 2020 No.18586758 >>18586659 or hell, could I just buy an abandoned fracking site and dump it there?

Anonymous Mon Apr 20 19:07:14 2020 No.18586832

>>18586659
Do you not understand the strict environmental laws that dictate how oil is manufactured? If you're on a HESS oil rig and you spill a cup of diesel fuel it's a incident report, safety violation and a fine. But most of you twats think you can just dump oil into a hole they dug in the backyard. Oh please someone try this. You would be arrested so fucking fast and fined millions of dolllars. I used to hate alot of the safety rules but now I see why they were made. Because of dumb fucks like yourself. They actually had to make laws because you're not smart enough to survive on your own. Top kek.

>>	Anonymous Mon Apr 20 19:08:34 2020 No.18586860 >>18586758 Where the fuck have you ever seen a sign,ad,text,book,or any fucking thing that said land is safe to dump oil ? I fucking hate you. I'm seriously pissed at how dumb people are.

>>	Anonymous Mon Apr 20 19:11:46 2020 No.18586926 >>18586758 If you have enough money to buy an " Abandoned fracking site." Or in non faggot terms ,land for sale , you wouldn't be on 4chan looking for advise on investing from a bunch of losers and has beens.

>>	Anonymous Mon Apr 20 19:12:08 2020 No.18586936 >>18580930 Yes. Short it.

>>	Anonymous Mon Apr 20 19:48:22 2020 No.18587601 >>18586832 >>18586860 >>18586926 I like you. Keep doing what you're doing.

>>	Anonymous Mon Apr 20 20:01:35 2020 No.18587853 >>18573965 Ah yes. The worker. The highest consumer of oil, next to cruise liners, naval ships, and airplanes. Gas yourself.

Anonymous Mon Apr 20 20:06:07 2020 No.18587923
File: 937 KB, 776x795, 1568496811002.png [View same] [iqdb] [saucenao] [google]

>>18586832
>But most of you twats think you can just dump oil into a hole they dug in the backyard
I actually thought this when I was a teen and got my first car. I was doing the oil change by myself to learn and thankfully my dad came out and asked me what I planned on doing with the old oil before I had a chance to do anything with it. I said I was just gonna dig a hole and dump it and he freaked out and was like "NO YOU MORON TAKE IT TO JIFFY LUBE"

>>	Anonymous Mon Apr 20 20:07:34 2020 No.18587958 >>18581758 Crude oil. It's full of sand and tar. Terrible to burn.

>>	Anonymous Mon Apr 20 20:13:10 2020 No.18588065 >>18574516 They just filled up all their storage for free, and price at the pump will go down only a few cents

>>	Anonymous Mon Apr 20 20:24:32 2020 No.18588272 >>18586665 USO tracks the percentage change from rolling over futures contracts every month. You're retarded

>>	Anonymous Mon Apr 20 20:26:57 2020 No.18588315 >>18574516 You noobs have no idea how taking a position with a credit works.

>>	Anonymous Mon Apr 20 20:28:23 2020 No.18588348 >>18586559 yep

>>	Anonymous Mon Apr 20 21:10:10 2020 No.18589126 File: 243 KB, 680x709, aaf.png [View same] [iqdb] [saucenao] [google] >>18586485 >Do you think they are just THAT stupid? https://www.salon.com/2020/03/27/democrats-block-bailout-for-big-oil-in-coronavirus-stimulus-package_partner/

>>	Anonymous Mon Apr 20 21:32:00 2020 No.18589491 Do they just roll the barrells over to the plane to put it in..?

>>	Anonymous Mon Apr 20 22:19:21 2020 No.18590151 >>18583141 I just bought 1000 dollars worth of shares in us oil... how fucked am I?

>>	Anonymous Mon Apr 20 22:22:20 2020 No.18590189 >>18574063 UCO

>>	Anonymous Mon Apr 20 22:23:48 2020 No.18590210 >>18572813 Are options the best answer? They seem to be from reading the thread

>>	Anonymous Mon Apr 20 22:25:49 2020 No.18590232 Will I be fine if I hold USO for like 3 years?

>>	Anonymous Mon Apr 20 22:27:49 2020 No.18590260 >>18590151 I bought 10k yesterday senpai

>>	Anonymous Mon Apr 20 22:28:13 2020 No.18590268 >>18572813 you know a K1 tax form costs like 500-1000$ to file right?

>>	Anonymous Mon Apr 20 23:29:51 2020 No.18591166 >>18590151 You're good.

>>	Anonymous Mon Apr 20 23:48:06 2020 No.18591454 >>18590151 Hodl

>>	Anonymous Mon Apr 20 23:57:15 2020 No.18591560 I Bought 500 worth of XOM today. Getting $900 something soon, should I put it all in XOM (most successful company, it’s literally Rockefeller’s standard oil) or somewhere else like RDS?? Please answer bros, I wanna become rich.

>>	Anonymous Mon Apr 20 23:57:45 2020 No.18591568 >>18582098 Name of stonks pls

>>	Anonymous Tue Apr 21 00:31:52 2020 No.18592064 >>18573722 based

>>	Anonymous Tue Apr 21 00:53:32 2020 No.18592310 >>18574063 GUSH

>>	Anonymous Tue Apr 21 01:03:56 2020 No.18592403 File: 11 KB, 347x346, 1553842414480.jpg [View same] [iqdb] [saucenao] [google] sitting at over 21$ again, hope a lot of u tards got burned hahahahaha

>>	Anonymous Tue Apr 21 01:05:05 2020 No.18592416 >>18591560 GUSH three weeks ago

>>	Anonymous Tue Apr 21 01:10:47 2020 No.18592475 >>18590151 How? What is the ticker

>>	Anonymous Tue Apr 21 01:22:04 2020 No.18592594 >>18572837 unironically this. saudi arabia can open the tap and flood the market indefinitely; they can drive all north american and european producers out of business and quite honestly that's probably what they're going to do.

>>	Anonymous Tue Apr 21 01:35:35 2020 No.18592724 >>18574542 >the people who lost money were futures speculators >speculators' other holdings get liquidated to cover >totally wont impact anything Ok buddy.

>>	Anonymous Tue Apr 21 02:28:29 2020 No.18593247 Anons - A way to profit in the incredibly short term is to buy oil tanker stocks. NAT, FRO, DHT

>>	Anonymous Tue Apr 21 02:30:55 2020 No.18593266 Also, USO and the like are rolling contracts. As far I know, there are no ETFs that operate as CFDs aka the spot price of oil. They end up cost averaging down. You are betting on oil not falling at all from June onwards. This is not likely.

>>	Anonymous Tue Apr 21 02:39:11 2020 No.18593352 File: 91 KB, 230x244, 1488449707646.png [View same] [iqdb] [saucenao] [google] THIS>>18593247 I don't even mind shilling at this point because my money is already in them, pump my positions sheeple. Also don't forget STNG

>>	Anonymous Tue Apr 21 02:57:12 2020 No.18593486 >>18593266 But what about way out in say like September, or next summer? Won't all of these things moon harder than anything ever mooned ever?

>>	Anonymous Tue Apr 21 02:58:37 2020 No.18593499 Unless you own some huge industrial grade oil tanks you aren't going to profit

Anonymous Tue Apr 21 04:44:48 2020 No.18594387

>>18586228
No.
You need to be allowed to trade the contracts on CME and take delivery.
Lots of paperwork needed. I doubt they'll agree to your substandard neighbour's silo's.
It's an environmental hazard.
Must be fun working at the CME though, cant imagine the calls they must be getting.

Anonymous Tue Apr 21 04:47:41 2020 No.18594415

>>18590232
No!
USO is the reason of the crash. They held on to the may contract too long and when they rolled over they ate the difference.
USO is losing money on oil every rollover. 3 years is 36 more rollovers to go. This one was the worst so far though.

Anonymous Tue Apr 21 04:51:22 2020 No.18594441

>>18592416
>>18592310
GUSH is an overleveraged money drainer, dont talk noobs into GUSH.

>>18593266
Plus you are betting they didnt lost their shirt rolling over their -35$ may contracts for 21$ june contracts.
They did.
USO is going down.
Puts on USO past whenever an audit is due is probably the best way to play this.

>>	Anonymous Tue Apr 21 05:53:03 2020 No.18595055 File: 19 KB, 279x360, Smug Muslims.jpg [View same] [iqdb] [saucenao] [google] >>18592403

>>	Anonymous Tue Apr 21 05:54:35 2020 No.18595071 File: 45 KB, 163x224, devilpepe.png [View same] [iqdb] [saucenao] [google] >>18592403 Back at 15, dipshit. And this time, USO is going down with it.

>>	Anonymous Tue Apr 21 06:09:24 2020 No.18595235 >>18583259 I wish schools taught everything in shitpostese

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