crude oil down

Discussion in 'Markets & Economies' started by clear, Nov 27, 2014.

  1. clear

    clear Well-Known Member

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    good for you... oil at $ 27.65 now.
     
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    Beach Energy down 11% today - ouch :( Not so good times?
     
  3. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Did you buy some too?
     
  4. whinfell

    whinfell Well-Known Member Silver Stacker

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    No. I don't have any energy or resource shares ;)
     
  5. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    That's good for you then! :)

    I don't have any shares at all. No money. And if I did, I buy more silver. :cool:
     
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm prepared to buy in increments down to $20 a barrel in oil so I'm expecting energy shares to keep dropping. If oil drops below $20, I won't keep chasing it. These are buy and hold for me, not looking for a quick profit. All the above have good assets and no to little long-term debt so they should whether the storm. I'm also expecting at some point that Beach will make a bid for Senex and/or Cooper as they share the same neighbourhood in the Cooper basin.
     
  7. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I was looking at beach, they're locals after all, might be time to take the first bite of the cherry. I've been trying to focus on LNG plays, I think it has a much brighter future than pure crude plays. Much as I'd like Australia to go nuclear I think we'll end up seeing a lot of domestic LNG consumption for power generation. Same story for China, they're planning a new nuclear plant every 6 to 8 weeks for the foreseeable future but that still leaves hundreds and hundreds of dirty brown coal plants to replace with something cleaner. With the air quality becoming a seriously hot potato for the regime, LNG plants are the obvious and logical choice. On the strength of that trend alone I'd be out of anything coal and into LNG.

    The other two weren't on my radar, I'll have to check them out.
     
  8. clear

    clear Well-Known Member

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    that's cool just be careful they don't go - CAPUT, before the takeover.
     
  9. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    O turtle. You are dollar cost averaging whilst trying to catch a falling knife!
    Tut tut. :p
     
  10. tolly_67

    tolly_67 Well-Known Member

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    Just keep in mind a new post by Martin Armstrong.
    Back in 1997, he wrote about $100 oil to occur in 2007 along with some other very accurate event calls. Dow bottom 2002 etc
    His latest forecast is that oil will never reach an intraday high again. A rapidly rising U.s. dollar (oil will be skyrocketing in other currencies of course) and the move to electric cars are some of the reasons given.
    It is a foolish man that disregards his research as all too often he has shown to be extraordinarily accurate.
     
  11. Jim4silver

    Jim4silver Well-Known Member

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    He also said the stock market would be reach 32000 in 2015, didn't he? Can you list one or two recent predictions so I can watch to see if he is right? I look at his site frequently and I never seem to see any concrete, definite "predictions", whether from him or his computer model. I would like to know one or two actual predictions he has made recently.

    I liked his site for a while but it seemed to simply focus on insulting gold bulls but never really offered anything to rely on for advice, etc. Maybe I am missing them?

    Just my opinion.

    Jim
     
  12. clear

    clear Well-Known Member

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    dropping....$ 26.76
     
  13. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Oil has been falling since July 2014, yet it has only been since it hit $30 a barrel which has always been my entry price target that I have started buying and will continue to buy to $20 if it reaches that far. I'm buying quality companies with good assets and healthy balance sheets. I'm not expecting to see $100 barrel again anytime in the near future, but I'm confident that the medium term price is still well above $30. I sleep comfortably with the investment choices I've made.
     
  14. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Martin Armstrong is a grifting mutt peddling expensive seminars and dodgy models. He throws out so many broad and vague sweeping predictions that it is not hard to go back and find something specific to fit his predictions and proclaim himself a genius. He writes the questions asked on his blog himself to self-promote himself.
     
  15. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    There is only one person with a track record of correct predictions and it is not Martin Armstrong :p
     
  16. sterling-nz

    sterling-nz Well-Known Member

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    Leon, Mohammad, or Nostradamus?
     
  17. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Billy Meier.
     
  18. sterling-nz

    sterling-nz Well-Known Member

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    Thanks.
    Bloody Skyrocket has me wanting to go and read about this guy now.
    I guess any reading is good reading though:)
     
  19. aleks

    aleks Well-Known Member Silver Stacker

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    seen a few client sentiment indicators from brokers and they are massively long, you better believe its going lower
     
  20. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Yeah, bloody Skyrocket! :p
     

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