trying for that free karma

I'm no mathematician, but I think the losses average us out to an ~8mil dollar loss

Seeing as this is wallstreet bets I'm sure it's a bunch of people who bought Energy after it already surged and are upset I'm saying that's not a great idea.

True, but I don't find those prospects to be all that appealing. Personally if I'm investing in companies with a 7-10 Price Earnings ratio I don't want to see them dumping their money into R&D into a highly speculative field, I'd rather see that money get returned to me.

I fear that investment into alternative forms of energy are simply the companies death throes and I'll never see a return on my investment.

I bought some long puts at $20 because I figured this company is doomed based on their debt loads and lack of earnings. I feel this is still the case, but how long will it take for the company to go low enough for you to make a decent return? How long will it take for the market to realize this company is a sinking ship and drop below even $14 a share? Just because you're right doesn't mean you'll make a lot of money.

I was buying oil stocks when oil was selling at $-17 a barrel because I thought the near to midterm return would be high since that price is unsustainable. Now that oil prices have recovered to $93 a barrel and the world is trying to shift away from oil I don't feel the long term prospects are good.

If you wanted to buy oil stocks, 2020 was the year at this point you're just asking to be a bag holder in a few years.