Australia's largest stock trading and investment forum Australia's #1 stock forum

Oil Stock Opinions Please, page-2

First 2 Last

Share
Profile

Follow
dleb

3,865 Posts.

32

03/05/20

08:57

Post #: 44402662
Share

Originally posted by CQRAT1 ↑

Hi People, I’m a newbie to the market and have only started trading over the last two months. Obviously a volatile period to venture in, so despite all my own research and reading a lot of posts on here the swings of opinion on what will or should happen are just as divisive. I’ve been holding back on buying oil stocks because I assumed given the current global situation there would be a glut and prices would decline. We had a bump last week yet everything I’m reading, (despite a reduction in production) is that there will be another dump of oil futures around May 20th due to a virtual complete lack of storage. So my question is if you had $20K to put into oil would you be buying OSH or WPL ?
or you may have another suggestion

Please go easy on me with your response, I see some people can be pretty harsh at times.

Expand

Be really careful investing with oil stocks ,imo https://edition.cnn.com/2020/04/20/business/oil-price-crash-bankruptcy/index.html
Upvote

0 Great analysis

Reply

Top Stories

PLC

Pancontinental Energy boost oil estimates at PEL87

AII

Building assets, producing critical minerals and slashing dependency on China

ASX Market Open: XJO tipped to fall after lacklustre US session

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

PH2

Hydrogen in Germany – Who will solve the “chicken and egg problem”? Pure Hydrogen, thyssenkrupp, NEL

First 2 Last