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Hey Oil Barons.......

936horn

By 936horn
in Business and Markets

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Pescado_Rojo
Pescado_Rojo

I bet you could score a Lafayette 10 for a mani/pedi gift card and a pound of boudin right now.  I was sitting in a Starbucks by the med center in Laffy once, and a brand new white Escalade, lift

Rimbo
Rimbo

If you're Trump right now, you're watching Fox News, eating a cheeseburger, and getting mad about the lyin' media and preparing your next tweet about how some lupus treatment should be given to your s

fattyflattie
fattyflattie

My time finally came last Friday AM. I have survived around a dozen, give or take 1-2, since ‘08.  I was consulting for a project set to go in ‘22, but with all the uncertainty, it sounds like they’ve

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Lagunamadre

Lagunamadre 1975

Posted
Posted
3 hours ago, Dnaguy said:

Why exactly are all the big guys and refiners up6-12%?
 

Ehat happened?

They've slashed spending and the virus curve is declining so they are seen as a value buy. 

The majors are a great buy right now. As soon as worldwide demand picks up in the next 6-24 months they are going to double, while spitting off a 5-8% dividend. 

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Fudge Nuggets

Fudge Nuggets 19188

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21 minutes ago, Errestaurants said:

any thoughts on EOG? from an investment standpoint are they right behind Exxon and Chevron? thanks in advance.

XOM and CVX pay good dividends and have flat out said they will defend their dividends at any cost.  They also have widespread international operations and refining that some what smoothes out the big drops.  Last month when CVX was below $60 and XOM was at $30 were most likely investment opportunities of a decade if not a few decades.  Both are well off those lows.

I went with XOM near $31 because the dividend was 11% at that point.  Pay me a minimum 11% a year with relative security and I’ll hold that bitch forever.

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Fudge Nuggets

Fudge Nuggets 19188

Posted
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39 minutes ago, Errestaurants said:

any thoughts on EOG? from an investment standpoint are they right behind Exxon and Chevron? thanks in advance.

I’ll defer to the experts with better thumb on the pulse, but if you held a gun to my head and said you have to invest in one domestic independent I’m picking EOG.  But in these times I think XOM and CVX got way undervalued and you get paid to wait it out.

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Fudge Nuggets

Fudge Nuggets 19188

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8 minutes ago, tx 3 putt said:

working with oneok, you feel like you're working for a friend / a buddy.

the other two, meh. 

Going to look into them, but in the end I want to get paid; not make friends and buddies.

But that does carry some weight because my previous employer used to have that kind of vibe then got bought out by a huge int'l company after which it all went to shit.  I guess there's a difference between working for a company and having a company work for you.  Back in those good old days it was pretty fun knowing that if you took care of business and kept your customer happy then the rest would take care of itself.  Not the story today by any means. 

The change in attitude also coincided with the change in expense report usage.  It's a direct correlation.

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FartingMonk

FartingMonk 3606

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50 minutes ago, tx 3 putt said:

working with oneok, you feel like you're working for a friend / a buddy.

the other two, meh. 

Oneok pays massive dividends.  My overlords I'm investing heavy in them because we are still balls to the wall production and they pay great dividends.  For us.  We got our bonuses and a 4 percent raise.  Methanol and Acdetic Acid is still being bought by the boat loads we can't make enoguh

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FartingMonk

FartingMonk 3606

Posted
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1 minute ago, DalTxHornFan said:

I've been long on ONEOK for a long time.  The dividends are nice.  The recent price collapse was unfortunate, but I was able to buy a bunch at $13, so I'm OK with it.

Nice a solid company trading at 82 bucks a share.  Hit 10.  I bought them at 18.  

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Trey3216

Trey3216 15344

Posted
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9 minutes ago, TonyTexas said:

Since UWT is shut down after going to $0.16, how big an implosion event can there be?

Yeah, guess I missed that one to be honest.  I didn’t even know the ticker.   Was just saying that a move like this in one day would implode one of those ETN’s, if not for it already trading in the next front month.  

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52-80

52-80 19147

Posted
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1 hour ago, Trey3216 said:

Yeah, guess I missed that one to be honest.  I didn’t even know the ticker.   Was just saying that a move like this in one day would implode one of those ETN’s, if not for it already trading in the next front month.  

dwtif already died lulz

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