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Be really careful investing with oil stocks ,imo...

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dleb

3,862 Posts.

32

03/05/20

08:57

Post #: 44402662
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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.

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