Thoughts on investing in OIL! Down 43% YTD as of 12/22/2014! (buy, sell, tax)
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Heard something that was quite bearish, the rigs are quickly shutting down and yet production is reaching higher levels. It might be a good time to stick your toe in the water but I would start small and add if oil goes lower. I recently bought into Vanguards energy fund and will add if oil goes to 49-30- and will go all in at the 20's if reaches.
was this about nat gas? the rig count there is down a lot yet production up. the remaining rigs are just so much more productive, but that's nat gas. maybe we get same in crude now?
Investing in big oil stocks at their current depressed prices would be a good idea IMHO. I have slowly bought on the down slide, and I believe that oil will continue to fall for at least the first quarter of 2015. OPEC has stated they won't curtail their current production, and will review this decision during the second half of 2015. I wont go into the reasoning behind why I believe this oil glut is falsely created, but it wont last. Scrutinize your companies carefully and enjoy the dividends while you hold your companies.
OP here.
'OIL' fund is down to 11.58. from around 13.50 when i bought it a couple of weeks back.
Just another testament that you shouldn't try to time the market. WHEN WILL I EVER LEARN????????
A case of trying to catch a falling knife. And analysts are saying that oil should stay down for a few months. Saudi's want to shake out American oil projects that can't survive in a low oil price environment. That will take a while.
i got stopped out of uso a few weeks ago 2 days after buying it. i guessed wrong and took a 5% loss. i am so glad i set that stop loss up on auto pilot when i bought it.
So oil is under $50. Does it fall to like $35 a barrel? I say YES! Anything is possible. Are we witnessing the world wide economic collapse we have been warned about for the past 7 years? Putin has started dumping bonds to shore up his bank roll. That will effect the United States. Has the domino affect started??
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