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These communists have changed the psych in the world 180*.

For commerce to occur (all economic channels open and flowing from manuf. – consumer) there has to be people willing to release their discretionary income, “if” they have it. (High unemployment coupled with fear will show they don’t have it or refuse to spend it)

When you can get people to spend, that will be when the markets will come back.

As long as the masks stay on, that will be your sign of people unwilling to do so, because that is them telling you they are scared, and scared people do not spend discretionary income when they believe there are “major” unknowns (Testing / sickness / death) in their economic future.

Gee. Damn. Oh my.

I guess I better not buy that new Ford Raptor.

I probably shouldn’t have recently bought that 40hp John Deere Tractor with disc, bush hog and drag box. Bad move.

Neither are electric, either.

Walmart shelves were very bare today as were the meats sections.

Had to wait at the gas station today to fill my truck and auxiliary fuel tanks.

Yep, things have gone to hell in my greater area.

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So, does that mean you think it's a good time to buy or not?

Solar panels and windmills sound good to the lefties..


Until you have a major interruption on the power grid.

Days/ weeks after a hurricane Folks run their lives off generators not solar panels.

That will never been replaced with batteries.

Mee too, bought at 30.50, iirc sold at 46 bucks, in and out quick, but have people much smarter than me keeping eyes out.

BTW, bootleg pulls are always fun ; ]

You’re looking at it from an American perspective and forgetting about the rest of the world. Oil is a globally traded commodity. China has four times the people as us, India has three. Neither are worried about saving the planet, they just want to grow their economy as much as possible.

Announcing the death of oil is premature.

One Oke may be worth considering soon again...

Or acquisitions.

Conoco Phillips is buying shale producer, Concho.

We’ll see more of this and probably some notable mergers.

You are reading way too much into the mask thing. That's like saying that as long as you see people wearing seatbelts, that is them telling you that they are scared of getting killed on the highway. Agree with the wearing of masks and seat belts or not, it is merely people taking precautions. When I go into a store, which is infrequently even in normal times, I wear the mask because it is requested/demanded that I do so, not because I'm scared.

I like the energy stocks as well; current dividends plus likely appreciation in the next few years make them a good value relative to anything else out there.

There isn’t much appetite for o/g stocks on the street right now. All the boys have been burned and some of them in a big way. You’re going to see additional M&A for a while to come. Companies are coming to have to get bigger to compete and survive. They’re also going to have to get lean in non-revenue generating positions. You can’t afford to pay 250 IT and HR people anymore. Things are changing and traditionally o/g operators are slow to change. They push their vendors for price cuts to the point of bankrupting them, and then they may look internally. That’s just beginning to happen over the last 6 months or so. Service companies have stopped slashing prices to its time for the operators to do it on the inside.

Right now wouldn’t be a bad time to get in on some larger companies that have a long track record. Just know that when/if you do you may have to play the long game to make a really good return. Holding and selling at the right time could make for a REALLY good return, though. The o/g sector isn’t going anywhere. Wind is a joke, solar takes up too much space, greenies are freaked out by nuclear, and now people are bashing coal as well. Someone has to make electricity to charge all these new battery powered cars that are rolling out.

And if you really want to watch a spike in prices based on lack of volume let them ban fracing. Within 6 months all hell would break loose.