I wanted Boeing at $92 earlier..some of the things I’m reading about businesses declaring bankruptcy before receiving bailouts is concerning though
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Round Oak Weather
Member
They’ve already had all those problems with the planes and all that so they are concerning to me if all this goes on for another month or two they could get dirt cheap. I think Delta or say JetBlue may be a better bet with weathering the storm.
Storm5
Member
Crude oil prices through the roof today. Big day so far
Nerman
Member
Just keep in mind that if nothing changes in oil the surpluses in oil beginning 4/1 could be massive. And that would drive prices down further.
Goldman slashes oil forecast, sees US crude at $20 per barrel
Goldman Sachs cut its oil forecast based on the coronavirus-induced decline in demand, as well as a coming supply glut as producers prepare to ramp up production.
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and "stock markets could easily shed another 30-40% of their values," one analyst said.
I'm personally ready to ride the wave but it's probably going to be bumpy.
The market knows this already, though. Just keep that in mind.Just keep in mind that if nothing changes in oil the surpluses in oil beginning 4/1 could be massive. And that would drive prices down further.
Goldman slashes oil forecast, sees US crude at $20 per barrel
Goldman Sachs cut its oil forecast based on the coronavirus-induced decline in demand, as well as a coming supply glut as producers prepare to ramp up production.www.cnbc.com
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and "stock markets could easily shed another 30-40% of their values," one analyst said.www.cnbc.com
I'm personally ready to ride the wave but it's probably going to be bumpy.
Nerman
Member
Saudi Aramco to cut refinery runs in April, May to boost oil exports: official
Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said on Thursday.
DUBAI (Reuters) - Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said on Thursday.
How much of it is saber-rattling?
Nice..and just a thought..when you’re holding oil stocks you’re always just one oil reserve bombing away from a take off ?
Need trump to cut off oil from the Saudis. Americans paying $2.50 a gallon isn’t going to cause people to starve. There’s no demand anyway right now. America is trying to become energy independent so this needed to happen like yesterday.
Need trump to cut off oil from the Saudis. Americans paying $2.50 a gallon isn’t going to cause people to starve. There’s no demand anyway right now. America is trying to become energy independent so this needed to happen like yesterday.
I found this earlier:
“Oil prices rose Tuesday morning following comments by Treasury Secretary Steven Mnuchin that the U.S. needs to buy even more oil at today's low prices. Government purchases of huge amounts of oil would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would likely go out of business if demand and prices stay low. Brent crude futures, the international benchmark, rose 3.9% to $25.85...”
“Oil prices rose Tuesday morning following comments by Treasury Secretary Steven Mnuchin that the U.S. needs to buy even more oil at today's low prices. Government purchases of huge amounts of oil would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would likely go out of business if demand and prices stay low. Brent crude futures, the international benchmark, rose 3.9% to $25.85...”
Nerman
Member
Yeah, they are going to fill up the reserve while it's dirt cheap. Makes total sense.
Nerman
Member
Trump needs to call his buddies and be like, "hey, you remember that whole Khashoggi thing I let slide? Yeah, you still owe me one for that."
Then call his other buddy and be like, "hey, you remember that meeting in Helskinki when we were on live TV? Yeah, you still owe me one for that."
Then call his other buddy and be like, "hey, you remember that meeting in Helskinki when we were on live TV? Yeah, you still owe me one for that."
NCSNOW
Member
- Joined
- Dec 2, 2016
- Messages
- 9,536
- Reaction score
- 18,956
To funny. I gave you insider information last night.
NCSNOW
Member
- Joined
- Dec 2, 2016
- Messages
- 9,536
- Reaction score
- 18,956
Yes it is. Oil will always have a customer. Commodity dirt cheap, was a slam dunk waiting to happen.
Storm5
Member
Up 26 percent . Largest single day gain ever for crude
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Storm5
Member
Boeing down 69.16 Percent YTD . Oooffff
The climb will be fun , just might take some time
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The climb will be fun , just might take some time
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Just made $45 in 5 minutes trading TVIX ETN..let me just say: WHAT A RUSH! God almighty
Storm5
Member
Jimmy’s day trading tips!!!!
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NoSnowATL
Member
I was only down 1% today. I’ll take it. Long term I’m looking very nice. Up 1% post .
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Nerman
Member
Dude, if there is one thing I strongly advise novices against (including me) is gambling with volatility. Do not hold overnight. Look what happened with XIV. It literally blew up overnight. And messing with leveraged volatility is like playing Roulette...ask me how I know. UVXY, SVXY, etc. are for the big boys to play with or money you really don't care about losing.
Webberweather53
Meteorologist
We're currently seeing the lowest crude oil prices since 1999 even in light of today's gains. If we somehow slip too far below $20/barrel, we'll be at levels not seen since the 1950s!
