11-14-2018, 01:14 PM
(11-14-2018, 09:53 AM)divmenow Wrote: Added to VLO and EOG. Oil way over done here!
They say there is no such thing as an oversold commodity but I do hope you are right. I was looking at VLO some time back but ended up with CVX, BP and some MRO puts. The oversupply management is going to be complicated. OPEC can't control supply as effectively as they once could. Our Prez is going to scream loud when they make any attempt to cut production, which I think they will. It's just crazy how fast oil went from raging bull to bear. If it would just settle around $65-70 we would probably have reasonably priced gasoline and happy enough oil company shareholders.