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Old 04-24-2020, 04:41 PM   #121
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Oil will be around for a long time, folks. Until the price of a Tesla comes down from the atmosphere for the average folks to buy, and we start seeing 'Next Tesla Charging Station 50 miles' on the interstates, I think we're good. Oil built this country, oil will always be a part of it. At least in most of our lifetimes anyway. Great entry point to invest.
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Old 04-24-2020, 04:50 PM   #122
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At this rate, you can trade a roll of bathroom tissue for a barrel of oil.
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Old 04-24-2020, 06:13 PM   #123
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Maybe my solution is simplistic, but the rules need to change for commodities including oil. If you buy it, you must take delivery.
That would end speculation that artificially inflates prices to the user.
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Old 04-24-2020, 07:02 PM   #124
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Decided I wasn’t gonna read through all this.

Unless we give up plastic and the rest of the things that petroleum based products contribute to our lives, the price of a barrel will reflect our “new normal”.
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Old 04-25-2020, 07:24 AM   #125
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But weren't the hourly wages back then something like $3 an hour? I would hate to work at a gas station for that little.
Minimum wage was $1.15 in 1961 and didn't rise for a few years after that. Not many gas pumpers were making much more than that. I didn't.

Jim.
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Old 04-25-2020, 07:43 AM   #126
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Oil will be around for a long time, folks. Until the price of a Tesla comes down from the atmosphere for the average folks to buy, and we start seeing 'Next Tesla Charging Station 50 miles' on the interstates, I think we're good. Oil built this country, oil will always be a part of it. At least in most of our lifetimes anyway. Great entry point to invest.
I don' t own a Tesla but you don't have to have a sign. The car will tell you where you can recharge. No sense on wasting money on signs.

Jim.
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Old 04-26-2020, 06:44 AM   #127
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I don' t own a Tesla but you don't have to have a sign. The car will tell you where you can recharge. No sense on wasting money on signs.

Jim.
Oh, and the car will also tell TESLA where YOU are. Just sayin', so YMMV.
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Old 04-26-2020, 06:47 AM   #128
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Oh, and the car will also tell TESLA where YOU are. Just sayin', so YMMV.
That isn't specific to Tesla. See OnStar, HondaLink, NissanConnect, etc.
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Old 04-29-2020, 04:18 PM   #129
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As I type, (according to Yahoo) May crude is 4.4000 -13.8700 (-75.92%)
I'd like to open a position related to the sector. Thinking of 3 possibilities.
Exxon, Chevron, or Fidelity Select Energy Portfolio (FSENX)

Any other ideas/suggestions ?
I went with FSENX. Turns out being greedy when others are fearful 'can' pay off, at least for 9 days it could be a different story 9 days from now.
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Old 04-30-2020, 06:46 PM   #130
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Wow, that is a good gain. See what a little optimism can do for the markets (just remember pendulum will swinging back).
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Old 07-23-2020, 12:46 PM   #131
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Anyone getting interested in oil stocks yet? I picked up some SLB, thinking about buying some more.
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Old 07-24-2020, 04:40 AM   #132
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Anyone getting interested in oil stocks yet? I picked up some SLB, thinking about buying some more.
I'm not poo-pooing you.
However the recent time to consider reallocating to an oil sector focused position was ideally last March when oil tanked, 20/23rd.
Royal Dutch Shell, RDS.B(better taxation than RDS.A), went to just under 20.00 & has always paid a healthy dividend.
As did VGENX in March, its also paying about 5%yield w/less concentration.
These are just other examples of the many positions you might explore as sector or a concentrated positions.
Opening a position now might be expensive.
Just something I recall from the recent downturn last march.


Good Luck & Best wishes........
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