They want you on food stamps eating hamburgers all day. Within 100 years, the Kingdom will own all of the world’s aircraft carriers and they will fly a crescent flag over the White House dome. Bankrupting the Bakken Shale is part of the plan. The greater plan is to directly bankrupt the nation by having us fight absurd wars in their backyard.
At the end of the day, oil is a dead trade. I wanted it to work and went long after the New Year’s. However, over the past month the price action has been abysmal. Right now, oil stocks make up less than 10% of my overall portfolio, with MUSA being my largest holding in the space. And that’s a pure gas station play, nothing to do with production.
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How about refiners, $WNR maybe?
Refiners are great too
oddly enough some of these names are holding up FANG SM SLCA etc
Off topic, but what do you think of $CY right here with 2.8% Div.? I Started it Wednesday. Thanks.
I’m hearing good things. but they always seem to disappoint. No strong opinions either way.
I started a position in SUN today. Pays a 4% yield. Also a play on gas stations.
So oil is down on LOWER rig count, at least according to our genius media outlets. They seem to have forgotten the basic laws of supply and demand. There is something more to this…
Rig count has absolutely nothing to do with it.
Accidentally clicked submit before explaining…
Rig count data should be interpreted secondary to production, period. Regardless of rig counts, we’re pumping more crude than ever. Most recently, pumping in excess of 9 million bbls per day, domestically. Globally, we’re far oversupplying crude. Energy markets, without a serious cut in crude production, are primed for further weakness.
lmao F on the tape at 1.52. those were the days
Be America and fucking lead, get off the oil titty. Don’t believe in climate change? Who gives a fuck. We can’t compete, so change the game.