God damn it. When was the last time I bought the oil sector? I recall an era in iBC history whence I walked upon these halls an oil man — completely devoid of human emotions — solely interested in mercenary profit. Alas, those days are coming back to iBC in short order — prompted by the infallible laws of mathematics.
According to Exodus, $XLE is oversold on all algorithms (3,6 and 12 month time frames). In addition to that, seasonality beckons.
Lastly and somewhat importantly, the sector has traded down 5% over the past month — providing bargain shoppers and math lovers alike with a supreme opportunity to delve into the dark tarry pits of BIG oil — drilling and injecting chemicals into the water supplies everywhere at your black heart’s behest.
BEHOLD, the trifecta of buy signals.
How do we play this to maximum effect? Stay tuned for tomorrow’s Fly Buy, fucked faces. In the meantime, here are some of the larger capped names in the drillers. Notice on the far right their YTD returns. We want to bargain shop here, not chase sloppy seconds.
Once I purchase of the aforementioned names, my exposure to this market will be in the magnitude of 140% long.
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WTF, dude? We’re in recession, heading into serious depression and you’re into oil? Are you putting us on? Your are a day-trader, aren’t you? Is your portfolio public so we can take a peek just what the hell is going on?
Production up, demand down, SPR adding to the glut. Well, that should boost the price of the oil sector:
https://tinyurl.com/gmax25w
/sarc
Don’t argue with math.
We’re not in recession. Trump’s policies are very pro-growth. My portfolio is public in Exodus.
As of now, I am long TECK, HBM, UEC, URG, VEDL and CLF.
Yes, Trump’s policies are pro-growth; but the pinko purple lefty Bolshevik rioters financed by the uber-zionist shit Soros will not let him implement any of them. They would rather see the economy smoldering in a pile of ashes than let Trump succeed. But wtf do I know…
When markets show me they’re heading lower, I’ll adjust.
Capitalists will inherit the earth! Bullshitvisks are losers and will join the trash heep of history!
If the dollar trade unwinds, oil will catch a tailwind. Agree there are not many fundamental reasons to own it… that is always the case at bottoms though.
Last time the cohorts at iBC bought oil, they literally got taken to the cleaners.
– UWTI –
Timing is everything. If you do not see value in oil right now, give David Lerner Associates a call. They will be happy to set up a nice, safe portfolio for you.
If I recall, I predicted oil to $50 while others here were talking a return to $40 prior to the OPEC production cut output agreement. I sold on the first pop to $55 after the OPEC news. Now I’m bearish and thinking oil goes lower regardless of OPEC agreement. I’m a buyer of gold on any pullback and am also long the gold miners.
$NAK, bitches. Watch it take off when Trump lets them mine Alaska.
Not a “cut” for starters, Saudi numbers highly suspect also Russkies not trustworthy. Iraq pumping full out. Libya ramping along with Nigeria. US Shale drilling furiously, Great call on the sale, I did the same. Oil is still a bubble, tread carefully.
Vive Le Fly!
Why don’t you disclose it in EXODUS first and let the paying audience get in before the Herd. That’d be cool.
Benefit of being a member, ya know.
Otherwise what’s the good in paying if I see the good here for free.
Things that frustrate me.
With that being said, The platform and info is great.
Put some respect on it.
Surgeon
I’ll post it exclusively in Exodus.
Amazing.
The loafers should get their money up and subscribe.
Easily pay for their subscription.
But you know what I like BEST?.. The ability to take a quick look at a companies Fundamentals at a glance. It’s all there.
Saves me time before printing their 10-Q/10-K.
Exodus is fantastic.
https://youtu.be/zidiWe9yq88
Also, the platform, as you know, is much more than my picks. Lots of information and tools. It’s important for us to share the attributes of the platform too — in order to keep the lights on.
Thanks for understanding.
Understood.
Much respect.
Thanks.
What does Dennis Dartman say?
The oil sector is a buy; based on math.
Oil will be trading in the mid 80’s next year.
Crude trades on policy. Has nothing to do with supply and demand. It is the blood of God. Make Barrels of Gods Blood Great Again.
Oh, I like that.