VBIN's oil stock thread.

[fenders53]

(03-04-2022, 11:56 PM)EricL Wrote:

(03-04-2022, 11:30 PM)fenders53 Wrote:

(03-04-2022, 09:33 PM)vbin Wrote: Brk loaded 30m additional oxy shares today. Oxy up 18%. Oil is still a play

That's an understatement.  Production is about to increase but it won't be fast enough.

No steel, no sand, no labor available for any meaningful increase in drilling.

Zero rigs added with today's Baker Hughes report.

 I saw a different report on SA today.  Only US and Canada up 65 total. Rest of world down 27. It was also Baker Hughes cited. Still not fast enough. I think the article implies this is the monthly report for FEB.

I am going to sell a few oil puts a week I guess. They are pretty EZ money for months now. I don't want to miss all the fun. My EOG shares will be called away today.