VBIN's oil stock thread.

[fenders53]

(11-09-2020, 05:42 PM)vbin Wrote:

(11-09-2020, 05:07 PM)EricL Wrote:

(11-09-2020, 04:21 PM)vbin Wrote: Oh man what a run in oil today. Why? Isn't Biden has been criticizing oil? I was hoping it will come down and I can add more. My average on xom is still $~60.

A successful vaccine= a return to a more normal economy = more traveling = more oil demand.

Thank you Eric. I totally missed that while being occupied at work. I hope vaccine does works out for the world. But in really not sure how effective it will be against mutations of the virus plus production and logistic difficulties.

I guess still it's not too late to add more oil. May be should buy leap calls. Lol.

The accelerated shotgun approach with the vaccine was a good plan, whether it works out fully of not.  A half dozen major companies working on their own recipe.  Hired to grow cultures well before trials are half over.  That's as good as it will get for preparedness.  If some of it ends up in the dumpster it's seems like a prudent risk to try and save potentially millions around the word.    

And LEAP calls probably are the best way to play oil with less capital tied up, but you really have to be patient for a near the bottom of the cycle.  IMO it's a horrible idea to average down on any options, especially a commodity due to the shelf life.  You time it right or you don't.  Save the averaging down for high quality growth stocks.  Holding for years can save you from yourself.