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Posted: 6/2/2017 3:56:19 PM EDT
[#1]
Simple supply & demand equation: there's too much oil being produced and stored right now.
That said, there are fortunes to be made in oil stocks for those that can stomach putting them away and holding them until oil prices inevitably rise. As always, the only question is when. I bought some more VDE today near the bottom of the downward spike at the open. I've added to my EOG, VLO and SLCA positions in the last few days. |
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Posted: 6/2/2017 4:46:01 PM EDT
[#2]
I buy oil stocks (some pay good dividends) and forget I own them. Just be patient.
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Posted: 6/7/2017 1:27:49 AM EDT
[#3]
What killerB said.
Also to be more specific the US Has become the swing producer now. In the current environment the shale guys are filling the shortfall as soon as there is one. So, unless demand gets going it will look like this. |
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Posted: 6/7/2017 9:10:59 AM EDT
[#4]
Barrel prices are still low, so it's the perfect time to buy oil stocks.
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Posted: 6/7/2017 6:15:04 PM EDT
[#5]
Quote HistoryQuoted:
Barrel prices are still low, so it's the perfect time to buy oil stocks. That's very specific advice. 
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Posted: 6/10/2017 11:07:52 AM EDT
[#6]
Seems to be some political battles between oil, natural gas, coal, renewables, etc. so there may be some concerns
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Posted: 6/14/2017 10:15:56 PM EDT
[#7]
China has been suffering on the consumer level, which has reduced demand for petroleum products. They will eventually pick up again and drive up the demand. Also, many developed countries are building infrastructure to support LNG imports in place of distillate oil for heating and power generation. I'm buying stocks that supply natural gas well products and transport LNG. It's not going to take off overnight like a tech stocks will, but natural gas is the most cost effective form of energy these days and will be for quite some time.
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Posted: 6/25/2017 12:14:47 PM EDT
[#8]
Global slowing of economy, O lifting sanctions on Iran(4th largest oil producer), saudi and russians attempt to boost potential shares of aramco ipo. All of that mess is causing mass confusion for oil producers, good for downstream.
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Posted: 6/25/2017 7:18:31 PM EDT
[#9]
Buy XLE. Hold it until it doubles.
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