Crude Oil

**blackcap** · 22-04-2020, 07:50 AM

Originally Posted by Crypto Crude

Would you like to pay me and I can take those barrels of oil off you...

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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

**ynot** · 22-04-2020, 05:00 PM

Is this a buy !

**Joshuatree** · 22-04-2020, 06:56 PM

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

**ynot** · 22-04-2020, 07:06 PM

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.

**Valuegrowth** · 22-04-2020, 08:41 PM

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

**SBQ** · 22-04-2020, 09:22 PM

Originally Posted by Valuegrowth

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

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.

**Crypto Crude** · 23-04-2020, 12:08 PM

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

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