VBIN's oil stock thread.

[EricL]

For anyone interested, I've created a Google Doc with my notes for the various energy stocks I've been researching.

I have links to earnings presentations, and notes about dividend and buyback policy, cash flows, debt, tax pools, etc.

Here is the link.

[fenders53]

I continue to murder oil as short puts melt every week. Thanks for that Eric as I was losing the faith for sure. It's truly my only huge profit sector this year. I do need an oil dip though. Wish I had sold puts farther out into the summer. My gasoline purchases are covered for years if it end today so I guess it's all good.

[EricL]

The bullish draws continue. Add another 5 million barrel draw from the SPR and we are talking about two million barrels per day of draws from storage.

[Kerim]

(05-17-2022, 10:38 AM)EricL Wrote: For anyone interested, I've created a Google Doc with my notes for the various energy stocks I've been researching.

I have links to earnings presentations, and notes about dividend and buyback policy, cash flows, debt, tax pools, etc.

Here is the link.

Wow -- thanks Eric. That's awesome!

[vbin]

Thanks Eric, I continue to add small portions to my oxy position.

[EricL]

THE GAS CRISIS IS COMING TO AMERICA

New market commentary from Goehring & Rozencwajg.


  2021.Q4 GR Market Commentary.pdf (Size: 589.19 KB / Downloads: 4)

[vbin]

Biden saying high oil prices are transitory to transition for esg. Bought more oxy.

[vbin]

Another big drawdown on inventories https://ir.eia.gov/wpsr/overview.pdf

[EricL]

(06-02-2022, 10:13 AM)vbin Wrote: Another big drawdown on inventories https://ir.eia.gov/wpsr/overview.pdf

EIA inventory numbers - another wildly bullish data set

BREAKING: US EIA CRUDE OIL INVENTORIES ACTUAL -5.068M (versus FORECAST -2.1M, PREVIOUS -1.019M)

US EIA DISTILLATE INVENTORIES ACTUAL -0.529M (versus FORECAST +0.75M, PREVIOUS +1.657M)

US EIA GASOLINE INVENTORIES ACTUAL -0.711M (versus FORECAST -0.1M, PREVIOUS -0.482M)

[fenders53]

Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.

[EricL]

(06-17-2022, 03:42 PM)fenders53 Wrote: Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.

Yeah, it was definitely a rough week. Hard to believe EOG is 25% off its high considering we are still at $109 WTI prices. Trading at a 9% forward yield if the $1.80 special is carried through the rest of the year. Many others in space are trading at similar valuations.

No plans to sell here.

[divmenow]

(06-17-2022, 03:42 PM)fenders53 Wrote: Well I can't say I enjoyed this week's oil stock beat down.  Wow, that was harsh.  You would think oil pulled back $20+.  I gave up months of profits if they don't bounce back.

Oil was only down because people were getting margin calls and selling there only winners to buy other names. I added 9 names in the oil sector today. I have been waiting for a dip. Oil will make money even if they hit $80 a barrel. And there all hedges as well. Not to mention oil thrives in a recession.  Oil will come back and hit new highs.