Ancient_Implement_30

Ancient_Implement_30 t1_j277q95 wrote

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.

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Ancient_Implement_30 t1_j26yb2u wrote

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

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Ancient_Implement_30 t1_ixwubuv wrote

“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

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Ancient_Implement_30 t1_ixmcp95 wrote

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.

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Ancient_Implement_30 t1_iuihwlh wrote

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.

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