Stock Thread (26 Viewers)

[matuski]

NY WTI trading at $1.06 / bbl -94.2%

insane.

 

[matuski]

.90

I'm going in at .01

 

[Capella]

Man I don’t know anything about oil.

 

[jamny]

I'm going in at .01

you just had your shot. 

 

[BassNBrew]

NY WTI trading at $1.06 / bbl -94.2%

And WTI is up 7% today.  Should I be taking some profits?

 

[Capella]

How do I get my grubby hands on this Texas tea. USO?

 

[matuski]

How do I get my grubby hands on this Texas tea. USO?

Interested as well... best way to gamble on oil?

 

[The Ref]

.13

 

[Wooderson]

Interested as well... best way to gamble on oil?

This 

 

[Zegras11]

.13

-0.15

 

[Redwes25]

How do I get my grubby hands on this Texas tea. USO?

You have a place to store it?

 

[Zegras11]

-0.26

 

[Zegras11]

-1.15

 

[beef]

Wish I had a tank and knew what to do with crude.  Pretty soon you'll get paid a $100 to take a barrel.  

 

[Zegras11]

-1.43

 

[Zegras11]

-1.87

 

[Zegras11]

-2.25

 

[Man In The Box]

Unreal 

 

[Zegras11]

-3.23.  Mc D's paying you to eat a Big Mac

 

[skycriesmary]

-2.25

 

[Capella]

You have a place to store it?

Pretty big house imo

 

[Zegras11]

-7.31

 

[matuski]

How do I get my grubby hands on this Texas tea. USO?

Forbes is arguing USO is at fault and needs to be dissolved....

So, maybe not.

 

[Capella]

Forbes is arguing USO is at fault and needs to be dissolved....

So, maybe not.

So are these oil men all broke? Maybe that should go in the covid good news thread. 

 

[sporthenry]

For those looking to take storage, Bloomberg did a fun article about this in 2015 - https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil

TL/DR - You'll likely kill yourself if you tried to store oil.

 

[beef]

Getting paid to take oil.  If only Vegas was desperate to find suitors to take their hookers.   

 

[cosjobs]

Anyone dip into REITs lately or do we think there is more pain coming there?

Oil is just crashing.

picked up a thousand MFA as a speculative gamble.I think maybe all the doom and gloom may be builtin the price at this point

 

[cosjobs]

CYDY making an upside move

 

[Sand]

Forbes is arguing USO is at fault and needs to be dissolved....

So, maybe not.

USO has only dropped 10%.  Not touching that - hard to understand how those two correlate.  USO is a black box.

 

[Capella]

For those looking to take storage, Bloomberg did a fun article about this in 2015 - https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil

TL/DR - You'll likely kill yourself if you tried to store oil.

I was just trying to buy oil stocks. I don’t actually want to store oil. 

 

[matuski]

So are these oil men all broke? Maybe that should go in the covid good news thread. 

I laugh, only because if you have been working oil for the last 10 years you should be fairly well heeled by now.

 

[Zegras11]

-11.62

 

[cosjobs]

Getting financing for condos was already not great in a lot of markets,  they're probably going to get crushed on that investment.  Good point.

otoh, doesn't university enrollment go up during high umemployment?

 

[Redwes25]

For those looking to take storage, Bloomberg did a fun article about this in 2015 - https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil

TL/DR - You'll likely kill yourself if you tried to store oil.

Behind a paywall.  Can you post article?  

 

[ghostguy123]

Oil down 99.5%???

 

[Zegras11]

Oil down 99.5%???

no, down 221%

 

[matuski]

Oil down 99.5%???

It has gone plaid.

 

[ghostguy123]

-11.62

What are these numbers you keep posting?

 

[ghostguy123]

no, down 221%

Ummmm.  How is that possible

 

[Zegras11]

What are these numbers you keep posting?

May Oil Price.

 

[Redwes25]

Ummmm.  How is that possible

They are paying you to take delivery of the oil.  It is an expiring contract and no place to store it/refine it.  

 

[beef]

Ummmm.  How is that possible

It's more expensive and problematic to shut down an oil well than to pay someone to take it. 

 

[lod001]

Well, this oil meltdown sent the markets crashing. Can the plunge protection team deliver again?

 

[humpback]

Ummmm.  How is that possible

The price is negative- they will pay people to take it off their hands.

 

[lod001]

Well, this oil meltdown sent the markets crashing. Can the plunge protection team deliver again?

Gotta figure something unexpected would cause the markets to turn south violently. This could be it.

 

[-OZ-]

Are MFA, MRO worth getting into.  Haven't read great things about USO.  Was thinking maybe BP as well. 

I dipped into MFA. at 1% the price of Berkshire b shares, why not? 

 

[humpback]

no, down 221%

no, down 300%

 

[Zegras11]

-$35.20

 

[Jobber]

Have the Saudis slowed down their pumps yet or are they still trying to demolish foreign oil (US and Russia specifically)?

 

[beef]

placeholder for

no, down 400%