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22-04-2020, 07:50 AM
#341
Originally Posted by Crypto Crude
Would you like to pay me and I can take those barrels of oil off you...
cc
Haha cheers Crypto. I forgot to mention I got cold feet a while back and did end up selling. But yeah crazy times. I think I could fit 200 barrels on my lawn so all good for the offer but I would pass for now
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22-04-2020, 05:00 PM
#342
Ooo
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22-04-2020, 06:56 PM
#343
No its dangerous. Read the thread on H/C about it. Some people despite the warning have lost their dough.
Thread
Ive been looking for safer longer term plays (re 2 years) .happy to share what ive found.Bound to be others out there ? Or one could buy oilers eg Woodside.
Avoiding ones which rollover future contracts as oil is in con tango.
FUEL an ETF holds a portfolio of oilers globally.
Energy Spider XLE on US stock exchange
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22-04-2020, 07:06 PM
#344
Originally Posted by Joshuatree
No its dangerous. Read the thread on H/C about it. Some people despite the warning have lost their dough.
Thread
Ive been looking for safer longer term plays (re 2 years) .happy to share what ive found.Bound to be others out there ? Or one could buy oilers eg Woodside.
Avoiding ones which rollover future contracts as oil is in con tango.
FUEL an ETF holds a portfolio of oilers globally.
Energy Spider XLE on US stock exchange
Thanks JT. My comment was actually in jest so no, not buying. Good explanation in your link.
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22-04-2020, 08:41 PM
#345
Because New Zealand is a net importer of oil, lower crude prices will benefit the economy after the Covid-19 crisis.The world is running out of places to store oil while China is stockpiling oil.
https://oilprice.com/Energy/Nuclear-Power/China-Doubles-Rate-Of-Crude-Stockpiling-As-Oil-Falls-Below-0.html
Last edited by Valuegrowth; 22-04-2020 at 08:55 PM.
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22-04-2020, 09:22 PM
#346
Originally Posted by Valuegrowth
A lot of this depends on what source of oil? The most in discussion is WTI crude but if you look at Brent Crude oil it's a lot higher:
https://oilprice.com/oil-price-charts
Canadian WCS oil is a problem of export as it's entirely land locked. It's also a low grade oil blend.
Without a doubt globally, oil inventories are getting maxed out. The refineries in the Middle East can't simply shut down (or not designed to be shut down). Inefficient oil producers such as fracking and oil sands will suffer the most for as long as this COVID19 quarantine stays in effect.
You want to fix the oil prices back up? Just open the economy and end the quarantines.
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23-04-2020, 12:08 PM
#347
What impecible timing that Saudi Aramco IPO was...
Here's a snapshot of the biggest IPOs in history raising 25 billion dollars now with a 1.7 trillion dollar valuation...
The IPO price was 32...
Attachment 11383
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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24-04-2020, 03:39 PM
#348
Wow this chart here just shows how sickk a moment we are in....
Attachment 11399
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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24-04-2020, 08:30 PM
#349
Black gold is showing some strength. But I expect some volatility.
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31-05-2022, 03:18 PM
#350
Member
Fuel_AX.jpg
BetaShares Global Energy Companies ETF - Currency Hedged (FUEL.AX)
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