Post by
Chefboy69 on Sep 06, 2022 3:22pm
Kherson
Make sure to take investment advice from this guy. You should put all of your money in everything that he tells you to buy
Comment by
Chefboy69 on Sep 06, 2022 3:24pm
I certainly hope he ignores me now because I'm just going to rag on him constantly. He called me stupid because I did not average down and this stock keeps dropping
Comment by
masfortuna on Sep 07, 2022 10:51am
Hey mate. Nothing personal butI bought at .66. if you bought at a $1.45, oil was trading at $110ish. It's trading at $83 today. That's a 33% drop. You claim to down 20%. Great you are above the curve decline rate for the commodity. That's how commodities work. If you can't ride out the dips then go buy something more stable like bitcoin or tech. Mas
Comment by
JTDOUBLE on Sep 07, 2022 11:01am
Managed to nimble more here at 1.16 .. Lets see if I made the right decisions today by next year .. Still seeing tightening of supply .. Labour market still tight so hoping no recession or a soft landing .. China still on lockdown the biggest importer of oil .. SPR they got a month and half to go ..before the starts to replenishing the inventory ..
Comment by
Luckyeleven on Sep 07, 2022 11:14am
SPR doesn't end. The rate will change as they have committed selling some until 2027. Not sure where you come up with the replenishing line, just another false narrative.
Comment by
MLEWICKIMBA on Sep 07, 2022 11:28am
SPR ends October 31, 2022 or thereabouts- 180 Days and 180M Barrels as per that presidential order. It is true more oil May be pulled prior to the election. But if the Republicans get the congress they will make sure the oil is replenished and by law this will happen anyway starting by January 1, 2023. The SPR was not intended for price manipulatiom but for security of the USA.
Comment by
Luckyeleven on Sep 07, 2022 11:38am
What you post is true but that is not the end as they have committed 260 million by 2027 passed by congress long before this presidential order. https://www.energy.gov/sites/default/files/2022-04/doe-fy2023-budget-volume-3-petroleum-reserves.pdf
Comment by
MLEWICKIMBA on Sep 07, 2022 1:04pm
Not much given 20M barrel consumption daily. Especially until 2027.
Comment by
Luckyeleven on Sep 07, 2022 1:26pm
Maybe not but that wasn't the point. Just trying to keep it real.
Comment by
Luckyeleven on Sep 07, 2022 11:51am
https://www.reuters.com/article/us-usa-oil-reserve-idUSKBN1FS2KO
Comment by
Kherson on Sep 07, 2022 11:19am
Nothing personal mate, but you are a fool. I bought in just last week at $1.22. You got the wrong guy! Learn to read before posting again. Thanks in advance. Kherson