VBIN's oil stock thread.

[fenders53]

(06-23-2021, 07:10 AM)stockguru Wrote:

(06-23-2021, 06:54 AM)fenders53 Wrote: 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.

Not a peak at all especially when all these oil stocks are still way off their all time highs. Oil still has a long way to go from 70 to 90. So to me they still represent a lot of value here. Best barging in the market right now. Go chase the tech names and RUN's of the world with no earnings 

Your always so negative on everything and never see the light at the end of the tunnel 

................... and mostly retired at age 54.  Pretty crazy huh?  

I still own plenty of oil and so does everyone else regularly posting this thread. I may own even more than Eric the Bull ,but it doesn't matter even a little for the purposes of our conversation.