Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Sep 21st, 2017 11:23 am
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Deal Expert
User avatar
Sep 19, 2004
19982 posts
2985 upvotes
Waterloo
EIA Petroleum Inventories

EIA Petroleum Inventories:
Crude +13.8M barrels vs. +2.53M consensus, +6.5M last week.
Gasoline -0.9M barrels vs. +1.07M consensus, +3.9M last week.
Distillates Unchanged vs. +0.30M consensus, +1.6M last week.
Futures -0.98% to $51.66.
Crude went down, and UP now....nothing makes sense anymore.
At least TSX Energy is in the green now
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Deal Expert
User avatar
Sep 19, 2004
19982 posts
2985 upvotes
Waterloo
Oil +2% today and TSX Energy hasn't really moved much (like most are nowhere near 52w highs). There's an invisible resistance (Trump? border tax?) holding everything down
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Sr. Member
Nov 28, 2010
857 posts
116 upvotes
Brampton
So much for oil ever reaching $60 like some of the "experts " predicted. Will the sector ever recover?
Deal Addict
User avatar
Nov 27, 2005
1053 posts
108 upvotes
endokuken wrote:
Mar 14th, 2017 10:13 am
So much for oil ever reaching $60 like some of the "experts " predicted. Will the sector ever recover?
Wait for Trump to cut away from the Iran deal and prices will go up. 1/2 years.
Deal Addict
Nov 23, 2008
1911 posts
402 upvotes
endokuken wrote:
Mar 14th, 2017 10:13 am
So much for oil ever reaching $60 like some of the "experts " predicted. Will the sector ever recover?
Oil prices go in cycles. Its a fact. People love to ignore this fact. EVERY TIME people say "but this time is different" !

I still remember very clearly in 2007 or so (or 2008?) when Goldman (and everyone else) declared "peak oil" was nearing and that $200 would be seen by the end of the year. It was about $130 on that day. Within 2 months, oil had plummeted to about $30.

Nowadays people are saying we have a worldwide excess and oil will never recover......
Sr. Member
Aug 17, 2008
525 posts
149 upvotes
Put on my WL, Chesapeake Energy (NYSE: CHK). It's an ST momentum oil/gas recovery play for me.

CHK - https://invst.ly/3mzbd

Risks,
* Upcoming shareholders meeting on May 19 may vote to increase the # of authorized shares. Doesn't mean they'll issue.
* The company is still losing $ and needs to divest and retain leases

CL - https://invst.ly/3mzcc

* Will OPEC led syndicate be able to stay together?
Member
Feb 7, 2014
395 posts
19 upvotes
Looking to go LONG with CPG.. any thoughts from oil-ies here ?Winking Face Thanks.
Jr. Member
Aug 16, 2015
105 posts
11 upvotes
Flowerp wrote:
Apr 13th, 2017 2:41 pm
Looking to go LONG with CPG.. any thoughts from oil-ies here ?Winking Face Thanks.
I have no idea. Crude has gone up around 5 dollars but oil stocks are getting decimated. Maybe someone else can explain it.
Member
Feb 7, 2014
395 posts
19 upvotes
Seems oil-ies AKA industry insiders r away these days coz there is less of tumultuous ups-and-downs in oil Smiling Face With Open Mouth And Smiling Eyes
Sr. Member
Aug 17, 2008
525 posts
149 upvotes
Time to look at US co's if you want oil exposure. Alberta focused firms are going to lag IMO on overhang.
Deal Expert
User avatar
Sep 19, 2004
19982 posts
2985 upvotes
Waterloo
MrMom wrote:
Apr 14th, 2017 4:44 pm
Time to look at US co's if you want oil exposure. Alberta focused firms are going to lag IMO on overhang.
Nobody is loving Energy right now, just like Early 2016 :( even with crude WTI at $53!!!
XOM/CVX/XLE are nowhere near their highs ...
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