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Oil
Wow. Under $27/barrel and many industry experts say it will be going
lower, maybe even to $10/barrel. Layoffs in the oil companies on the horizon. Lowest gas price for regular around here that I've seen is $1.83. Yesterday the same station was at $1.87. Dow is down big time today also. |
Oil
On Wed, 20 Jan 2016 13:06:22 -0500, "Mr. Luddite" wrote:
Wow. Under $27/barrel and many industry experts say it will be going lower, maybe even to $10/barrel. Layoffs in the oil companies on the horizon. Lowest gas price for regular around here that I've seen is $1.83. Yesterday the same station was at $1.87. Dow is down big time today also. Luckily, I wasn't going to sell today. Now might be a good time to put money into a 529 plan - with Vanguard mutual funds. -- Ban idiots, not guns! |
Oil
On Wed, 20 Jan 2016 13:06:22 -0500, "Mr. Luddite"
wrote: Wow. Under $27/barrel and many industry experts say it will be going lower, maybe even to $10/barrel. Layoffs in the oil companies on the horizon. Lowest gas price for regular around here that I've seen is $1.83. Yesterday the same station was at $1.87. Dow is down big time today also. I am still not convinced these oil prices will last. If they do, expect a far worse global downturn because production is not that much higher and storage is at the breaking point. It means the developing countries are simply not consuming even at bargain prices and that is not a good thing. You really have to watch what is going on in the house of Saud. If they have a "spring" there, all bets are off. I will be loading up on HAL and RTN. |
Oil
On 1/20/2016 12:46 PM, John H. wrote:
On Wed, 20 Jan 2016 13:06:22 -0500, "Mr. Luddite" wrote: Wow. Under $27/barrel and many industry experts say it will be going lower, maybe even to $10/barrel. Layoffs in the oil companies on the horizon. Lowest gas price for regular around here that I've seen is $1.83. Yesterday the same station was at $1.87. Dow is down big time today also. Luckily, I wasn't going to sell today. Now might be a good time to put money into a 529 plan - with Vanguard mutual funds. -- Ya, Vanguard, good plan. I used the total stock market, VTSAX. I put some money into a 3x leveraged fund when oil was about $35. I was up 30% in weeks, now... I'm down over 80%. I looked at some oil company bonds paying 45% to 80% interest. IF, they survive, you'd get the interest every year, then at redemption 6 to 7 times your initial investment. Mikek |
Oil
Mr. Luddite wrote:
Wow. Under $27/barrel and many industry experts say it will be going lower, maybe even to $10/barrel. Layoffs in the oil companies on the horizon. Lowest gas price for regular around here that I've seen is $1.83. Yesterday the same station was at $1.87. Dow is down big time today also. I just bought into oil. It won't stay this low forever and I can wait a long time. |
Oil
On Fri, 22 Jan 2016 21:35:31 -0500, Alex wrote:
Add USO to your list. It might be worth throwing a couple grand at if you really feel lucky but penny stocks are like lotto tickets. Most are losers. .... unless you are talking about the ETF |
Oil
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Oil
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Oil
On Sat, 23 Jan 2016 23:27:02 -0500, Alex wrote:
wrote: On Fri, 22 Jan 2016 21:35:31 -0500, Alex wrote: Add USO to your list. It might be worth throwing a couple grand at if you really feel lucky but penny stocks are like lotto tickets. Most are losers. ... unless you are talking about the ETF That's not a penny stock and it was up over 8% on Friday. You would have to go long on USO. It will pay off if you can wait. Oil can't stay at these levels forever. That is the ETF, The stock (US Oil Sands) is trading around 7-8 cents. I will do a little homework on it and see what it looks like. |
Oil
On Sat, 23 Jan 2016 23:28:08 -0500, Alex wrote:
wrote: On Fri, 22 Jan 2016 21:35:31 -0500, Alex wrote: Add USO to your list. It might be worth throwing a couple grand at if you really feel lucky but penny stocks are like lotto tickets. Most are losers. ... unless you are talking about the ETF It's also trading at 2X average volume. A lot of activity... Yeah I see it seems to have bottomed from a one year slide down from 40. I am going to give away a few bucks before I believe it is real. |
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