Fuel price 'to da moon'

Discussion in 'Current Affairs' started by Ag bullet, Nov 19, 2019.

  1. Tokyo

    Tokyo Active Member

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    Means you know oil about to drop
     
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  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    [​IMG]
     
  3. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    The economy can't handle an oil price that high
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’m thinking producers don’t necessarily need high oil prices to make more profits, they just need to cut production costs or find new markets for products ie increase demand.

    Renewables are probably over subscribed from an investment point of view.
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Looking at this opportunity again. If the wuhan virus can cause oil price to collapse, it might be a good time to get some? Anyone knows which oil major is in the best position to benefit from hydrogen?
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Crazy prices. Xom at $51. 6.5% yield. Still plenty way to fall.
     
  9. Tokyo

    Tokyo Active Member

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    Best thing person can do is look into how much company owe ( big problem to all , they keep rolling until no tomorrow)
     
  10. Tokyo

    Tokyo Active Member

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    Keep eye on news. now they gonna talk about $8 oil then we know time to long
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Need to wait till the shale bankruptcies first, then we'll know.
     
  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I'd jump all over 8 dollar oil. That would be a gift from the market gods!
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The virus is more manageable and less deadly at over 80F. It will end by May/June. Maybe just bring forward the summer holidays? Have it in March instead of July?
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  15. Tokyo

    Tokyo Active Member

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    41 is next pivot keep your ears open for news ( they going to say crazy price for oil then we can retest $52) simple Fibonacci tool can point out if you use it right.
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Made my first oil buy in a long time. A 1% stake. Targeting 10% in oil. As usual, hoping for lower prices. Better to DCA down than up.
     
    Last edited: Mar 11, 2020
  18. Ag bullet

    Ag bullet Well-Known Member

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    so why does the bowser price remain stable when oil prices plummet and when oil prices go up the bowser price goes up seconds later?

    oh, i get it. price gouging.
     
  19. Ag bullet

    Ag bullet Well-Known Member

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    i guess a low oil price is bad for climate change. makes it a cheaper form of energy than the renewables they want to transition to.
     
  20. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Price gouging, to an extent.

    But don’t forget there’s still quite a bit of oil that was produced at the higher prices of last week that is yet to be sold off. And you can bet your bottom dollar with the lower prices now, the oil companies won’t be selling off the stuff they produced at the higher price, for the current lower price. No business wants to have their margins cut, so they’ll squeeze every last dollar they can out of us before the lower prices are cycled into the market.
     

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