VBIN's oil stock thread.

[fenders53]

(11-24-2020, 12:06 PM)vbin Wrote:

(11-24-2020, 11:54 AM)fenders53 Wrote:

(11-23-2020, 09:15 PM)vbin Wrote:

(11-23-2020, 06:53 PM)fenders53 Wrote:

(11-23-2020, 02:15 PM)vbin Wrote: well, oil having a great run past week and today. I added some psxp in my kids account. @Fenders, I am ok to wait till 2025.

Take my comments in context.  I invested just like that for decades.  As  I approach retirement, I want a two year narrative or I am better off sucking up put premiums, and it could be on those very same stocks.  Patience is always good, but lost opportunities matter too so I don't want many of those taking up port space.

Not exactly sure what you mean( I get it that you are still very bearish on oil). Can you help me understand?

Nothing really important, but personal time frame/goal matters.  When this conversation started I was modestly bullish for the next year or two with oil stocks so beat down, and not at all bullish on oil five years out.  Your opinion differs and so does your hold timeframe.

Oil aint going away so.soon fenders. But what I meant by 5 years is that as long as I can get a good return in next 0-5 years in my oil.investment, I will be happy. Well some of my purchases are already up 50% some are still loosing money, lol.

Scroll back 57 posts.  No oil isn't going away in five years.  I'll fight you before you take my ICE cars.  Neither is the world's ability to get oil out of the ground too fast in an undisciplined manner.  That is all this has been about for years IMO.  Let's drill the arctic refuge next year, cuz that needs done. Nevermind the rest of the world.  We can't stop cutting our own oil throats until the banks want paid.