VBIN's oil stock thread.

[fenders53]

(11-11-2020, 10:56 AM)kblake Wrote:

(11-11-2020, 10:48 AM)divmenow Wrote: Oil will fall right back where it was last week. Don't get too excited lol

Your probably right. But it still represents great value at these levels if these companies can maintain their dividends. The vaccine news wont even be available until next May. So people will still be staying in doors and do less driving.  And even then people will still travel less. But I'm betting on a descent 2022 

I actually just bought XOM and VLO

I cant wait 3-5 years to make 25% 

You're gonna be rich Kblake!!!  Actually I am getting near a re-entry point for a trade.  I was waiting for something that looked like a bottom.  That down everyday thing is hard on your morale. If I can hold for 6 months for a pop and grab a div along the way I'll call it a win.  Oil will pull back a bit as the pandemic gets nasty for a few months.  OPEC just adjusted demand projections down again.  That's a good thing IMO as they have to keep a leash on suppliers through the winter.  I may be full of it but you gotta have a narrative right?