Oil stocks hitting March lows again

Discussion in 'Stocks & Derivatives' started by sgbuyer, Oct 3, 2020.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Have been averaging down like crazy, doubling down in the past weeks. Recently also bought pipeline.

    XOM is back to low $30s and in a much weaker dollar as compared to March. No, I don't own XOM.
     
  2. Tokyo

    Tokyo Active Member

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    Good call. bought oil stock into Friday drop nice potential move back up, I like to see ukoil to hold 39 to target $60. Adding more on confirmation
     
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    How does UKOIL work? Was trying to find out how to bet on oil price when it fell below zero. Zero to $30 is infinity, in theory, but only managed to find USO which doesn’t really track oil.
     

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