Oil stocks have been hit with a double whammy with the Oil war...

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taboon

6,565 Posts.

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16/04/20

09:51

Post #: 44070466
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Originally posted by Gindaldan: ↑

sorry I disagree. I’d argue the good time to buy passed unless COVID-19 is worse than expected. Technically the stimulus in place is to ensure we can ramp back up and put the world on hold. Sure, if isolation policies remain after a few months we are stuffed, however markets and myself not anticipating this.

The Great Depression the fed didn’t do enough, they let it fester to start with. We are not doing this. Your post above demonstrated fear and blood!!! Blood was when the Asx was down 35%-38% on that Monday.

Banks are a little risky, which is unfortunate as we were 35% financials pre crisis (makes my eyes bleed now). Markets also celebrated oil as its up 30% off lows and hoping for more gains. This protects a lot of that toxic shale debt etc, Texas - big big employer in the USA etc. No one really knows what will happen, however I think it’ll pass based on past and worse plagues. Probably stay awake from banks until initial results released in May, but strong balance sheet smashed sectors.

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Oil stocks have been hit with a double whammy with the Oil war and COVID19 Prices at the moment are really at the lowest you will see them for a long while. WIth this in mind if you can purchase, accumulate and hold through this period on the other end when the gates are open there will be a massive upside...

Oil futures are up 35% in May 2020, aligning with production reductions

Last edited by taboon: 16/04/20

ORG Price at posting: $5.09 Sentiment: None Disclosure: Held
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1 Great analysis

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