VBIN's oil stock thread.

[vbin]

(02-24-2021, 11:31 AM)fenders53 Wrote:

(02-24-2021, 10:30 AM)EricL Wrote: New 52-week highs for EOG and XOM, and I'm now in the green on my XOM position.

WTI Crude up another couple % and pushing $63.

The next couple storage reports should be interesting considering refinery and production shutdowns from the arctic outbreak last week.

That is great news Eric.  It's been a tough slog.  You should see a little profit in the next six months I would think.  I enjoy debating energy with you guys and am concerned you might think I rejoice when you guys hit a rough patch.  I'm just trying to keep VBIN from hocking his car title for a payday loan so he can buy OXY calls.   

ROTFL. I am close to getting green on xom too( not considering the huge diva I got paid while holding, lol). I did sell covered call out 2 weeks in xom and oxy today lol.

I hope so too Eric, JPM put out an report where they saw largest buying days in energy sector in last 2 years. They expect more funds(trend catchers) to start buying too( may be already happening). I think the narrative soon can change on street for energy or profit taking can happen. Either way I will start taking profits starting with xle if it goes $55 lol