Ancient_Implement_30
Ancient_Implement_30 t1_j2912fv wrote
Reply to comment by My___Cabbages in Oil is not my friend by Forsaken-Secret-7398
Yep. I think it’s a lot of hype.
Sell the news
Ancient_Implement_30 t1_j27h71a wrote
Reply to comment by Resident_Magician109 in Oil is not my friend by Forsaken-Secret-7398
That’s all fine.
I am looking at historically. Only twice has oil gone above $100/ppb in consecutive years. Late 70s with Iran. And during the last bush war.
That’s it. Well, also 1860s. But that’s way out there.
Ancient_Implement_30 t1_j27dyfd wrote
Reply to comment by Hacking_the_Gibson in Oil is not my friend by Forsaken-Secret-7398
Love the name! Hack the planet!!
Ancient_Implement_30 t1_j277q95 wrote
Reply to comment by Resident_Magician109 in Oil is not my friend by Forsaken-Secret-7398
I bought OXY at 13. So i did really well.
Now short HES.
If you look at oil, historically, the late 70s and late 2000s. Those were the only times it really held over $80/ppb.
Oil stocks have continued rallying while oil has had a strong pull back.
My bet is that oil will stay under $80. And oil stocks will pull back 20-30% next year.
But i can always cover and get out. Not married to the trade! Just going off of data.
Ancient_Implement_30 t1_j272yhz wrote
Reply to comment by Resident_Magician109 in Oil is not my friend by Forsaken-Secret-7398
I was king oil in 2020.
Sold out in 2022.
Now, i am short!
Ancient_Implement_30 t1_j26yb2u wrote
Reply to comment by Xizumervoid2212334 in Is shorting Meta a good idea? by Xizumervoid2212334
Haha awesome response!
Meta was burning cash for VR. they cut a portion of the workforce to cut costs.
Meta pays big salaries in the bay. Check out levels.fyi
Meta’s revenues will slow because FB is in decline.
But to short META.. there are better short opportunities out there.
I would short META before i bought it
Ancient_Implement_30 t1_iy4syi6 wrote
Reply to comment by yazzooClay in Sales Up .. Oil Down!! who's got the upper hand on inflation? by The_Magnificent_007
It will be an influx. But relatively small on a global scale.
Oil is already down from $120 to $76. Huge pull back. While oil stocks are still behaving as if oil is at 120
Ancient_Implement_30 t1_ixxctqc wrote
Reply to comment by Wide-Comparison4318 in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
No. I worked for a company called FMC technologies. We sold the trees to Petrobras. They were set for deep waters.
Ancient_Implement_30 t1_ixwuf25 wrote
Reply to comment by Ancient_Implement_30 in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
Just in case any of you are invested in companies focused on shale..
I know PBR is not. When i was doing work for them, it was all deep sea oil
Ancient_Implement_30 t1_ixwubuv wrote
Reply to comment by Wide-Comparison4318 in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
“Shale was thought of as a swing producer, the Saudis and OPEC have waited this out. Now, really OPEC is back in the driver’s seat where they are the swing producer,” Hess Corp CEO John Hess said at a conference in Miami last week.
The executive believes that U.S. crude oil production will average 13 million bpd over the next few years, where it will plateau, as investors pressure U.S. oil companies to focus on returning money to shareholders instead of investing in aggressive growth strategies
Ancient_Implement_30 t1_ixnoxuy wrote
Reply to comment by serious_brain_damage in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
I’m shorting oil.. for many reasons.
I was buying oil back in 2020. If you are king oil stocks, which are at all time highs, i think you will lose.
But hey, let’s see how it plays out.
Ancient_Implement_30 t1_ixmcp95 wrote
Reply to comment by Wide-Comparison4318 in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
Not too*
I am short oil right now.. you are about to get fucked. The time to buy oil was 2020. When it was $0. Now it has peaked and coming down.
At a min. Your should hedge.. and PBR out of all oil companies? Many oil stocks have dividends. PBR is sketch.
I was working at FMC technologies back in 2013. PBR had $4B in orders in our backlog. Then a scandal emerged. PBR was fucked. I would never touch this.
Ancient_Implement_30 t1_iuihwlh wrote
Reply to comment by chomponthebit in Why aren't people buying energy stocks? by InterestingHurry1834
Wow.. why the fuck are you talking about. Oil reserves? Anyone who thinks this matters at ALL is a moron. They do not look at the numbers.
Headline! “Biden to release 15M barrels of oil from reserves”
Fact US oil consumption per day 19.7M.
Oil reserves being released is a political move that does nothing to true supply and demand.
I am not even going to get into ESG.. There is plenty of facts out there to disprove your thesis. Just baffled by your logic.
Ancient_Implement_30 t1_iuho0cj wrote
Reply to comment by BukkakeTemperateRain in Why aren't people buying energy stocks? by InterestingHurry1834
So correct. Don’t know why you are getting so many down votes. Now is the time to buy tech stocks that have good balance sheets.
Ancient_Implement_30 t1_iuhnv0y wrote
Reply to comment by InterestingHurry1834 in Why aren't people buying energy stocks? by InterestingHurry1834
If you look specifically at oil. Oil correlation with oil stocks. Oil has pulled back from $110 to the $80s. While oil stocks have gone higher.
So the stocks are high with great quarterly earnings. But these will slow 20-30% in Q1. But oil companies are projecting more growth. Which will fail.
Ancient_Implement_30 t1_iuhnock wrote
Reply to comment by cheaptissueburlap in Why aren't people buying energy stocks? by InterestingHurry1834
Yep. It’s at a peak. Energy was good in 2020. Now most stocks are up 5X
Ancient_Implement_30 t1_j6i0kj2 wrote
Reply to comment by OTRinKW900L in The forgotten Tesla Megapacks by droneauto
I applied for a job on the Mega packs. They already had jobs lined up. One was already under way in LA. Colorado was next i believe.
The mega packs make a ton of sense. Texas should be next. As the grid has been struggling the last few years.