VBIN's oil stock thread.

[fenders53]

(03-08-2021, 11:45 AM)Dividendwayfarer Wrote: I doubt myself many times but added XOM all the way down. XOM now surpasses ABBV to become my largest holding. It’s amazing they recover so quickly.

Generally it's not "if" they recover eventually, but the speed and extent a commodity based stock over runs both up and down is often surprising.  As much hell as I give VBIN and Eric, I can understand you guys holding the majors like XOM.  The spec oil stocks that might go 3X not so much.  I just don't have the stomach for those as BK is a real possibility when things turn.  I'm not sure anything illustrates fear and greed in the markets like a commodity based stock.  It rivals small tech.  A few months or years and the cycle repeats.  I think you guys are in for a good summer at least.