RE:RE:OuchI'll sell them all when I see global demand and USA demand (more accurate verifiable data) for oil decline year over year due to decrease in use of oil in our energy hungry economies. Or, if I see a large sustainable increase in production. For now the basic supply vs demand fundamental determinant of oil prices remains positive. Governments and corporations are NOT spending or encouraging any increase in supply, at best, but instead spending is slipping short of replacing reserves as they are depleted. That's my big picture. The Covid collapse was a once in a very long time opportunity to buy oil stocks super cheap. Small caps have plenty of recovery ahead and let's see what everyone does with all the excess (free) cash flow they are generating.
Maxmoe wrote: This is why I don't trade or flip from name to name. No stress over short term moves even when they are big moves. I don't buy or sell if it's up or down 10 cents in one day. Seen both in the last week.
cahclick wrote:
All ten oil names I follow are taking it on the chin this morning.
Good opportunity to buy a couple more shares if you have dry powder.
glta