VBIN's oil stock thread.

[fenders53]

(06-17-2022, 04:27 PM)divmenow Wrote:

(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. After all oil is the only sector yo this year lol. 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 hedged as well. Not to mention oil thrives in a recession.  Oil will come back and hit new highs.

The commodity will.  Going to be a grind for the stocks.  That  was a helluva hit for a week without that much specific news. $80 oil isn't going to get it done for the stocks.  Fortunately I am not expecting that.  I never was expecting oil bull dreams of 200  this summer to come true either though.  I was thinking 120s for a long time which could still come true.  Some oil stocks are near FEB-MAR prices so some damage was done.