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Zoranna · F
I'm pissed off because I have a full tank and don't need fuel. 😉
Longpatrol · 31-35, M
How big is the company cuz if this russia-saudi spat doesn’t blow over soon the company is gonna fold
TeirdalinFirefall · 31-35, M
@Longpatrol Chesapeake energy. And true it's possible.
Longpatrol · 31-35, M
@TeirdalinFirefall
https://seekingalpha.com/article/4330717-chesapeake-bankruptcy-now-option
https://seekingalpha.com/article/4330717-chesapeake-bankruptcy-now-option
Heartlander · 80-89, M
Yes.
Just walk it down in big steps and wait it out 🤞. Oil stock and oil industry services are going up and down 4%+ a day, sometimes 2 or 3 cycles in a day.
Most of the big oil companies are paying unsustainable dividends. When they pull these in look out below.
The one safe haven seems to be in utilities, probably because everyone's heading there as they bail out of everything else :)
So gently dump the oil, invest that money in utilities, and wait for oil to bottom. Then walk these last two steps backwards. If you catch it right you may become one of those rich people that Bernie Sanders likes to rant about (maybe).
Just walk it down in big steps and wait it out 🤞. Oil stock and oil industry services are going up and down 4%+ a day, sometimes 2 or 3 cycles in a day.
Most of the big oil companies are paying unsustainable dividends. When they pull these in look out below.
The one safe haven seems to be in utilities, probably because everyone's heading there as they bail out of everything else :)
So gently dump the oil, invest that money in utilities, and wait for oil to bottom. Then walk these last two steps backwards. If you catch it right you may become one of those rich people that Bernie Sanders likes to rant about (maybe).
kayoshin · 36-40, M
Just wait it out , it's bound to skyrocket probably as soon as the virus scare runs out.
TeirdalinFirefall · 31-35, M
@kayoshin Yeah the virus scare is in a lot of its recent news too. Kinda tempted to drop another $50 on it at this price though.
kayoshin · 36-40, M
@TeirdalinFirefall well it's hardly a grand investment so why not? You can waste that amount on a dinner you then crap out, might as well take a chance on making something of it.
TeirdalinFirefall · 31-35, M
@kayoshin That's true.
Johnblackthorn · 56-60, M
The price of oil is always up and down like a whores drawers, but unless you have at least $10,000 that you can afford to lose, the stock market is not for you.
jackson55 · M
The Russians and the Middle East is having alittle pissing contest tight now, it will end and stock will come back. Good time to buy.
TexChik · F
Gas here is $1.79!
That’s a temporary set back ,buy more when you think it’s at its lowest .
That’s a temporary set back ,buy more when you think it’s at its lowest .
Zoranna · F
Ride it out, it'll calm down.
xixgun · M
I'm happier when I buy gas. Does that count?