CorpRaider Posted December 10, 2014 Share Posted December 10, 2014 Haha! Considering the source as I sweat... ;D Link to comment Share on other sites More sharing options...
LowIQinvestor Posted December 10, 2014 Share Posted December 10, 2014 Ha, Feels like the point of maximum pessimism for oil... My most profitable investments have always felt uncomfortable. SWING YOU BUM!! Link to comment Share on other sites More sharing options...
muscleman Posted December 10, 2014 Author Share Posted December 10, 2014 Here sits mighty XOM at my target price. Yet here sits my bat on my shoulder. ;D You are buying XOM at $88? Why? The P/E is 11. Does not look that cheap to me. ::) Link to comment Share on other sites More sharing options...
LowIQinvestor Posted December 10, 2014 Share Posted December 10, 2014 any other oil majors trading under book value besides BP? I'm digging around as well. Link to comment Share on other sites More sharing options...
frommi Posted December 10, 2014 Share Posted December 10, 2014 Do nothing. Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted December 10, 2014 Share Posted December 10, 2014 How much of the oil price drop is related to the strengthened USD and legitimate drop in demand for oil due to China? I would think China is the majority of the increased demand for oil since ~2000. Even if you don't, China is still a big piece of the puzzle for oil recovery. How do you evaluate their economic numbers or do you trust that demand will slowly increase over-time (and thus, price)? I 2nd the "Do nothing" stance. Why play roulette for a few extra %? Link to comment Share on other sites More sharing options...
CorpRaider Posted December 10, 2014 Share Posted December 10, 2014 Ha, Feels like the point of maximum pessimism for oil... My most profitable investments have always felt uncomfortable. SWING YOU BUM!! haha! Too risky. I'm going to buy more KMI warrants instead. Link to comment Share on other sites More sharing options...
boilermaker75 Posted December 10, 2014 Share Posted December 10, 2014 Haha! Considering the source as I sweat... ;D Link to comment Share on other sites More sharing options...
CorpRaider Posted December 10, 2014 Share Posted December 10, 2014 That is awesome! Link to comment Share on other sites More sharing options...
Eye4Valu Posted December 10, 2014 Share Posted December 10, 2014 No guts, no jail time! Link to comment Share on other sites More sharing options...
LowIQinvestor Posted December 11, 2014 Share Posted December 11, 2014 Interesting to see where WTI traded during the meltdown in 2008. Understand that you can't look at this data in a vacuum but still might be helpful in thinking about potential downside. This feels like capitulation to me. History of Crude Oil Prices (WTI) October 3, 2008 $93.88 October 10, 2008 $77.70 October 17, 2008 $71.85 October 24, 2008 $64.15 October 31, 2008 $67.81 November 7, 2008 $61.04 November 14, 2008 $57.04 November 21, 2008 $49.93 November 28, 2008 $54.43 December 5, 2008 $40.81 December 12, 2008 $46.28 December 19, 2008 $42.36 December 26, 2008 $37.71 December 31, 2008 $44.60 January 2, 2009 $46.34 January 9, 2009 $40.83 January 16, 2009 $36.51 January 23, 2009 $46.47 January 30, 2009 $41.68 February 6, 2009 $40.17 February 13, 2009 $37.51 February 20, 2009 $40.03 February 27, 2009 $44.76 March 6, 2009 $45.52 March 13, 2009 $46.25 March 20, 2009 $52.07 March 27, 2009 $52.38 April 3, 2009 $52.51 April 10, 2009 $52.24 April 17, 2009 $50.33 April 24, 2009 $51.55 May 1, 2009 $53.20 May 8, 2009 $58.63 May 15, 2009 $56.34 May 22, 2009 $61.67 May 29, 2009 $66.31 June 5, 2009 $68.44 June 12, 2009 $72.04 Link to comment Share on other sites More sharing options...
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