VBIN's oil stock thread.

[fenders53]

Back to the other energy me for a minute. The perma-bulls have never failed to cost me money if I followed them anywhere near the higher end of the oil range. I feel comfortable at 70 but we are getting closer to the place where I am careful with new adds in any form. I can think of three or five so reasons why oil might not be able to achieve super boom cycle pricing and hold it for long. I can easily find bulls that rationalize every one of those reasons away, just like they have since the 1990s.

At some point the risk/reward will be reason for caution. And a lot depends on whether you are truly investing or just trying to trade a peak.