crude oil down

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:
 
whinfell said:
Caput Lupinum said:
Bought shares in Beach Energy, Senex and Cooper Energy today. Good times
Click to expand...

Beach Energy down 11% today - ouch :( Not so good times?
Click to expand...


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.
 
Caput Lupinum said:
whinfell said:
Caput Lupinum said:
Bought shares in Beach Energy, Senex and Cooper Energy today. Good times
Click to expand...

Beach Energy down 11% today - ouch :( Not so good times?
Click to expand...


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.
Click to expand...

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.
 
Caput Lupinum said:
whinfell said:
Caput Lupinum said:
Bought shares in Beach Energy, Senex and Cooper Energy today. Good times
Click to expand...

Beach Energy down 11% today - ouch :( Not so good times?
Click to expand...


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.
Click to expand...

that's cool just be careful they don't go - CAPUT, before the takeover.
 
Caput Lupinum said:
whinfell said:
Caput Lupinum said:
Bought shares in Beach Energy, Senex and Cooper Energy today. Good times
Click to expand...

Beach Energy down 11% today - ouch :( Not so good times?
Click to expand...


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.
Click to expand...
O turtle. You are dollar cost averaging whilst trying to catch a falling knife!
Tut tut. :P
 
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.
 
tolly_67 said:
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.
Click to expand...


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
 
wrcmad said:
Caput Lupinum said:
whinfell said:
Beach Energy down 11% today - ouch :( Not so good times?
Click to expand...


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.
Click to expand...
O turtle. You are dollar cost averaging whilst trying to catch a falling knife!
Tut tut. :P
Click to expand...

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.
 
tolly_67 said:
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.
Click to expand...

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.
 
There is only one person with a track record of correct predictions and it is not Martin Armstrong :P
 
seen a few client sentiment indicators from brokers and they are massively long, you better believe its going lower
 
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