April 17, 20205 yr 3 hours ago, Dnaguy said: Why exactly are all the big guys and refiners up6-12%? Ehat happened? Refineries are ramping down and making plans to furlough some sites Edited April 17, 20205 yr by tx 3 putt
April 17, 20205 yr 3 hours ago, Dnaguy said: Why exactly are all the big guys and refiners up6-12%? Ehat happened? They've slashed spending and the virus curve is declining so they are seen as a value buy. The majors are a great buy right now. As soon as worldwide demand picks up in the next 6-24 months they are going to double, while spitting off a 5-8% dividend.
April 17, 20205 yr Finally got the news today. The folks we've been hooking up wells for are postponing the last five they had on deck. Gonna finish out the two we have pretty much everything done for and the disposal that goes with them and that's it.
April 18, 20205 yr 2 hours ago, FartingMonk said: I'd buy oneok and over those two I'm glad I bought oneok early on. Edited April 18, 20205 yr by Schulz2.0
April 18, 20205 yr any thoughts on EOG? from an investment standpoint are they right behind Exxon and Chevron? thanks in advance.
April 18, 20205 yr 21 minutes ago, Errestaurants said: any thoughts on EOG? from an investment standpoint are they right behind Exxon and Chevron? thanks in advance. XOM and CVX pay good dividends and have flat out said they will defend their dividends at any cost. They also have widespread international operations and refining that some what smoothes out the big drops. Last month when CVX was below $60 and XOM was at $30 were most likely investment opportunities of a decade if not a few decades. Both are well off those lows. I went with XOM near $31 because the dividend was 11% at that point. Pay me a minimum 11% a year with relative security and I’ll hold that bitch forever.
April 18, 20205 yr 39 minutes ago, Errestaurants said: any thoughts on EOG? from an investment standpoint are they right behind Exxon and Chevron? thanks in advance. I’ll defer to the experts with better thumb on the pulse, but if you held a gun to my head and said you have to invest in one domestic independent I’m picking EOG. But in these times I think XOM and CVX got way undervalued and you get paid to wait it out.
April 18, 20205 yr 4 hours ago, FartingMonk said: I'd buy oneok and over those two working with oneok, you feel like you're working for a friend / a buddy. the other two, meh.
April 18, 20205 yr 8 minutes ago, tx 3 putt said: working with oneok, you feel like you're working for a friend / a buddy. the other two, meh. Going to look into them, but in the end I want to get paid; not make friends and buddies. But that does carry some weight because my previous employer used to have that kind of vibe then got bought out by a huge int'l company after which it all went to shit. I guess there's a difference between working for a company and having a company work for you. Back in those good old days it was pretty fun knowing that if you took care of business and kept your customer happy then the rest would take care of itself. Not the story today by any means. The change in attitude also coincided with the change in expense report usage. It's a direct correlation.
April 18, 20205 yr Gonna miss those nice royalties, but I really do feel bad for those of you who are working (or used to work) in the oil patch. This will pass one of these days.
April 18, 20205 yr 50 minutes ago, tx 3 putt said: working with oneok, you feel like you're working for a friend / a buddy. the other two, meh. Oneok pays massive dividends. My overlords I'm investing heavy in them because we are still balls to the wall production and they pay great dividends. For us. We got our bonuses and a 4 percent raise. Methanol and Acdetic Acid is still being bought by the boat loads we can't make enoguh
April 18, 20205 yr I've been long on ONEOK for a long time. The dividends are nice. The recent price collapse was unfortunate, but I was able to buy a bunch at $13, so I'm OK with it.
April 18, 20205 yr 1 minute ago, DalTxHornFan said: I've been long on ONEOK for a long time. The dividends are nice. The recent price collapse was unfortunate, but I was able to buy a bunch at $13, so I'm OK with it. Nice a solid company trading at 82 bucks a share. Hit 10. I bought them at 18.
April 18, 20205 yr 1 hour ago, FartingMonk said: Methanol and Acdetic Acid my customers can't pump enough
April 18, 20205 yr 3 hours ago, tx 3 putt said: dont sleep on midstream Oh. They're one of THOSE companies. Pass.
April 20, 20205 yr luckily the Velocity shares leveraged etf’s are well into the June contract or you’d have an implosion event his morning.
April 20, 20205 yr 15 minutes ago, Trey3216 said: luckily the Velocity shares leveraged etf’s are well into the June contract or you’d have an implosion event his morning. Since UWT is shut down after going to $0.16, how big an implosion event can there be?
April 20, 20205 yr 9 minutes ago, TonyTexas said: Since UWT is shut down after going to $0.16, how big an implosion event can there be? Yeah, guess I missed that one to be honest. I didn’t even know the ticker. Was just saying that a move like this in one day would implode one of those ETN’s, if not for it already trading in the next front month.
April 20, 20205 yr I knew some big firm had to blow up because of this. More on the way. https://www.bloomberg.com/news/articles/2020-04-19/hin-leong-is-said-to-have-failed-to-declare-800-million-losses?srnd=premium
April 20, 20205 yr 7 minutes ago, DCA_HORN said: Negative pricing in the Bakken. Western Canadian Select too
April 20, 20205 yr 13 minutes ago, Rusty Shackelford said: Check out May Been talking about may all morning, just added the June contract post in there for some context.
April 20, 20205 yr 1 hour ago, Trey3216 said: Yeah, guess I missed that one to be honest. I didn’t even know the ticker. Was just saying that a move like this in one day would implode one of those ETN’s, if not for it already trading in the next front month. dwtif already died lulz
April 20, 20205 yr 15 minutes ago, DCA_HORN said: Negative pricing in the Bakken. You got a link? Why are producers choosing to pay someone to take their oil, instead of just shutting down the well? Is it "hard" on the well to just shut it off cold?
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