oil

[boneil]

best way to play oil to $100-$150??

Just my opinion, but from the little reading I have done from some oil traders, our oil problems is years in the making and will take years to get out of. Releasing a days worth of oil from strategic reserves isn't going to change anything. A pipeline expansion project isn't going to change supply. Major oil companies haven't spent the cap ex on oil and not sure what can make them spend it, other than maybe $150 oil.

Let me add, a virus outbreak and lockdowns will certainly put a short term lid on oil price, but that would be over by the next spring. A recession would also cap prices, but even those are short lived, a year at most. So $100 oil next year, $150 a year or two later.

[GregA]

forecast I've read est. oil below $70/barrel thru 2022, < $90/barrel thru '26

[bassfisher444]

Walmart

[Bassin08]

How can they forecast any oil pricing with these variants popping up out of the blue? All they do is make oil stocks more volatile.

[boneil]

This is how money is made. You use days like today to buy. Initialize a position or add. If you're selling something oil related today, you think we're heading back to shutdowns, and that may happen but it will be temporary.

[TampaJim]

In the mood to really roll the dice ... CFDs. Beware, it's a crapshoot.
In the mood to donate a few shekels to others and play it safe ... EFTs.
In the mood to stay in the middle ... PSX, MPC, CVX and/or XOM.

Personally, I'll recommend straight up stocks.
And ONLY the American players, nothing at all overseas.
Too much sideways pressure outside the US.

My guess ... you'll see $150 before you'll see $30.
Either way, the US companies will be profitable, overall.

Invest across the board, evenly, in the four mentioned.
That's most likely to sponsor a good return safely.

[NitroZ7]

In the mood to really roll the dice ... CFDs. Beware, it's a crapshoot.
In the mood to play it donate to others and play it safe ... EFTs.
In the mood to stay in the middle ... PSX, MPC, CVX and/or XOM.

Personally, I'll recommend straight up stocks.
And ONLY the American players, nothing at all overseas.
Too much sideways pressure outside the US.

My guess ... you'll see $150 before you'll see $30.
Either way, the US companies will be profitable, overall.

Invest across the board, evenly, in the four mentioned.
That's most likely to sponsor a good return safely.

There is a blast from the past. Welcome back.

[TampaJim]

There is a blast from the past. Welcome back.

After years of therapy, dozens of vitamin injections plus a serving of poutine, I've been cured.

[Charles Prestridge]

In the mood to really roll the dice ... CFDs. Beware, it's a crapshoot.
In the mood to donate a few shekels to others and play it safe ... EFTs.
In the mood to stay in the middle ... PSX, MPC, CVX and/or XOM.

Personally, I'll recommend straight up stocks.
And ONLY the American players, nothing at all overseas.
Too much sideways pressure outside the US.

My guess ... you'll see $150 before you'll see $30.
Either way, the US companies will be profitable, overall.

Invest across the board, evenly, in the four mentioned.
That's most likely to sponsor a good return safely.

Jim, glad to see you back.

I have inherited shares of MRO and MPC.

With your industry knowledge, is there a price target you would sell MRO?

I do not have any plans to sell, but interested to hear your input.

Thanks

[TampaJim]

Jim, glad to see you back.
I have inherited shares of MRO and MPC.
With your industry knowledge, is there a price target you would sell MRO?
I do not have any plans to sell, but interested to hear your input.
Thanks

Congratulations on the inheritance ... you have upstream & downstream shares.
A week ago, I'd have suggested you'd likely find a plateau by late next year.
However, with the buzz regarding Omicron ... close your eyes and pick a date.

Petroleum, just like any other commodity isn't a good investment, it's a wild bet.
Energy, healthcare, food and housing are needed. IMO, you're in a good position.

[boneil]

I saw where Shell is now building solar farms. Spend any amount of time on Exxon Mobils website and you notice a trend. Cap ex spending on renewables is growing. The more money spent on renewables is less money spent on future oil production.

I've been picking up some OIH

[boneil]

https://seekingalpha.com/news/377573...tter_automated


I don't see how something like this is anything but bullish for oil prices for the long term. Capex spending is below pre covid levels but increases in spending on greenhouse gas emission projects.