VBIN's oil stock thread.

[fenders53]

(10-11-2021, 07:40 AM)EricL Wrote:

(10-11-2021, 07:26 AM)fenders53 Wrote: Are we are gonna have to start limiting your time on the S.A. boards?  

Ha! Thanks for always offering the counter argument. 

Don't worry, I'm not going crazy buying or anything, just holding and enjoying the ride. I've been waiting seven years for this.

I appreciate the dissenting opinions from you on some other stocks you have talked me out of due to balance sheet/debt issues.  You have saved or made me some money.  I am just trying to keep things real on this thread.  Oil just might go to $200 and XOM to $125.  If it happens it will be fleeting.  I've been sucked into the oil FOMO  too many times.  Easy to buy the narrative from very intelligent oil bulls that have 80% of their port in oil (which isn't all that intelligent BTW but you know that).  I'd prefer to read the bull thesis somewhat filtered here because I know you and VBIN are watching.  I would be crushed if I dare say anything negative on an oil thread on the net.  The only message I have to any lurkers here is be careful.  If you had the courage to buy the lows last year you scored.  If oil hits $100, folks will be tripping over each other to buy the FOMO, and most of them will mess up the execution at some point.  It's arguable whether oil is a buy and hold investment going forward.  If you don't buy it scary low I don't even think it's arguable.  Something will come along and put a stick in your spokes and you are enduring the pain for years.  I could direct this same statement to at least half of the commodities we can easily invest in.