09-08-2020, 02:18 PM
(09-08-2020, 02:10 PM)vbin Wrote:Who knows? There are so many things that can affect oil prices in the short term. I mostly laid off any new oil plays the last half of summer because I usually get punched in the face if I don't wait for travel season to be over and things to look bleak. It's nice to pic up some of your position near the bottom. The reason changes, but oil usually finds a way to struggle at some point during fall early winter months. The sketchy dividend situation really adds to the risk this year.(09-08-2020, 02:05 PM)fenders53 Wrote: Everyone ready for the next oil stock beating?Possible. looks like Soudis offering October prices for way low than expected throughout asia. That suggests the same.I am probably going to get sucked into some RDS around $28 basis. It could be worse I guess. I think I am going to try to get forced into some more oil major shares via put sales soon but I think I will wait for things to settle down and find a bottom, wherever that is. I am thinking oil is headed under $35 again.