VBIN's oil stock thread.

[fenders53]

(11-09-2020, 09:29 PM)stockguru Wrote:

(11-09-2020, 09:14 PM)divmenow Wrote: I don't care if OIL goes up a 100 percent from here, I still wont own it lol

Oil is just one sector I stay away from unless I trade it. Never can I own it long term. It's just not a consistent grower for me year over year. I know people have owned it for 10 years and are still down on their investment.

Sure we got a vaccine news but that doesn't mean everyone just going to set sail on a cruise tomorrow lol

In another week the oils will be right back in a downtrend. Lets not forget Biden is bad for the oll stocks. Sorry to be such a bear lol

I tend to agree with that. Oil is ok if you able to pick the bottom and ride it up 10-15% and then get it before the next drop. 

Wind, Solar and alternative energy is the place to be for growth and over the next several + years. 

Some oil names are starting to invest in other sectors like BP. Those might do well over time, but the ones who are restricted to just oil will be dinosaurs and struggle.

Solar is renewable flavor of the year.  That's all good but the better ones are up 5X in 2020 with little to no profit.    That is not likely a great hold for a few years situation.  They'll look better to me some month next year when the market gets smoked.  You can try to MOMO them right now of course, but you better be nimble if it's much of a position.