MEG +49% this morning right now. Are you still holding this one @MrMom ?
is now the time to invest in oil stocks?
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- Mar 4th, 2024 9:55 am
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- SCORE+30
- Capt.
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- Sep 2, 2004
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- MrMom
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Yes, added in early March. Halted again.
Update #2: A bunch of halts, CVE, HOD, HOU at various points. Enter at your own peril. This is a rumour of Trump getting oil cuts. You know he's lying when his lips are moving.
Last edited by MrMom on Apr 2nd, 2020 10:45 am, edited 2 times in total.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
- Blubbs
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bleh I missed the boat
- jerryhung
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- where I belong
https://seekingalpha.com/news/3557854-t ... -soon-cnbc
Trump expects 10M-barrel production cut announcement soon - CNBC
Apr. 2, 2020 10:40 AM ET|About: The United States Oil ETF, LP (USO)|By: Carl Surran, SA News Editor
Pres. Trump tells CNBC he spoke to Russia's Putin and Saudi's Mohammed Bin Salman and expects the two countries to announce a 10M-barrel production cut and potentially a 15M-barrel cut.
The news has sent the stock market averages spiking higher: S&P 500 +2.4%, Dow +2.2%, Nasdaq +1.8%.
Crude oil prices, which already were surging, maintain strong gains: WTI +9.1% to $22.17/bbl, Brent +6.6% to $26.37/bbl.
ETFs: USO, XLE, OIL, UWT, XOP, UCO, VDE, OIH, BGR, DWT, GUSH, BNO
Trump expects 10M-barrel production cut announcement soon - CNBC
Apr. 2, 2020 10:40 AM ET|About: The United States Oil ETF, LP (USO)|By: Carl Surran, SA News Editor
Pres. Trump tells CNBC he spoke to Russia's Putin and Saudi's Mohammed Bin Salman and expects the two countries to announce a 10M-barrel production cut and potentially a 15M-barrel cut.
The news has sent the stock market averages spiking higher: S&P 500 +2.4%, Dow +2.2%, Nasdaq +1.8%.
Crude oil prices, which already were surging, maintain strong gains: WTI +9.1% to $22.17/bbl, Brent +6.6% to $26.37/bbl.
ETFs: USO, XLE, OIL, UWT, XOP, UCO, VDE, OIH, BGR, DWT, GUSH, BNO
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- Charles
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geeze what news hit..huge gaps
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- alexcalvado
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sold XEG for 18% profit in a day
- Blubbs
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alexcalvado wrote: ↑sold XEG for 18% profit in a day
How much are you guys popping in at a time?jackrabbit000 wrote: ↑ Same, but sold SU for a one day profit of 16.18%
- itoothache
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- May 13, 2012
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damm i feel like sh**
only took like 9% from SU
at one point it was 15% but that sudden drop few minutes ago lol
only took like 9% from SU
at one point it was 15% but that sudden drop few minutes ago lol
- alexcalvado
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- Charles
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why the jump...news??
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- alexcalvado
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- Blubbs
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I'm having serious regret with oil stocks. I had bought into IMO below $11 with $20k and sold at $14. Wish I had done 10x and left it alone. I have 200k sitting in cash. Fackalexcalvado wrote: ↑ 60K in this particular case invested, 10K profit
looking for reentry later today ... or lets see how much money I left on the table by selling too soon
- alexcalvado
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he can talk as much as he wants, demand is low and will remain low for a while .. now how does that translate into SP of all those companies even if oil prices go up remains to be determined
- Charles
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- Aug 18, 2003
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- YVR
that was published Published March 31
move was due to a tweet actually
https://www.marketwatch.com/story/oil-s ... =home-page
SU went from 23 to 27 in 10 minutes. today.
Last edited by Charles on Apr 2nd, 2020 11:06 am, edited 1 time in total.
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- alexcalvado
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- Feb 5, 2017
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sorry made a mistake :
https://www.marketwatch.com/story/oil-s ... =home-page
XEG buy order at 3.90$ entered
Last edited by alexcalvado on Apr 2nd, 2020 1:19 pm, edited 2 times in total.
- Firebot
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- Aug 12, 2004
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LOL I certainly wasn't expecting a Trump - Putin collaboration on oil production cuts when I bought stocks in the drop down this morning or as a part of my reasoning for buying but I will certainly take a 15% bump from my buy price in an hour.
- Blubbs
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Yeah. I'm hoping for another short drop. Not really experienced in investing (generally have been couch potato) but trying to get my feet wet given we have money and this is a fantastic opportunity to buy low (though I wish it never happened). It's a high risk environment and I don't want to screw myself from inexperience. Just wish I had had more courage to put more in when everything was bottoming out. Now that we are past likely oil bottom I have a tough time feeling comfortable entering. I don't know... At the same there are rumours that refineries are about to shut down units due to demand.alexcalvado wrote: ↑ he can talk as much as he wants, demand is low and will remain low for a while .. now how does that translate into SP of all those companies even if oil prices go up remains to be determined
- EasyCompany251
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Just saw an article:
https://oilprice.com/Energy/Energy-Gene ... -Deal.html
saying there's been no talks.........
Edit: https://business.financialpost.com/pmn/ ... r-mbs-call
https://oilprice.com/Energy/Energy-Gene ... -Deal.html
saying there's been no talks.........
Edit: https://business.financialpost.com/pmn/ ... r-mbs-call
But a Putin spokesman, Dmitry Peskov, said the Russian president had not spoken to the crown prince. And Saudi Arabia didn’t confirm a production cut, instead calling for an “urgent meeting” of the Organization of Petroleum Exporting Countries plus Russia, according to state-run media.
Last edited by EasyCompany251 on Apr 2nd, 2020 11:18 am, edited 2 times in total.
- hpsims
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He means they will cut by 10M barrels a year. Not per day. Lol. Russia only produces 10M a day.
- alexcalvado
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nicely done ! it will buy us a lot of Costco toilet paper thats for sure !jackrabbit000 wrote: ↑ Damn, closer than I thought lol. $56,250 for a profit of $10,855
did the transaction in RRSP ... oh yeah ! (was supposed to be a long term hold position but .... Trumps fault !)
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