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Energy stocks #15327064 10/19/20
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jackmountain Offline OP
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Time to buy again?
I’m holding XOM, MMP, ET, HAL and just bought 100 shares of HAL, thinking I should buy a good bit more at this price while it’s close to March’s low. Lot of guys on here with intimate knowledge of the industry, what’s the consensus?


Theyre creepy bastards that are feeling you out. If all goes right, yall strike up a confidence and next thing you know youre at his house, in his cistern being fattened up so he can make a ladysuit out of you.
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Re: Energy stocks [Re: jackmountain] #15327088 10/19/20
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Might be?


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Re: Energy stocks [Re: jackmountain] #15327095 10/19/20
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I think we are heading for a sell off short term, but maybe soon if you have the stomach.


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Re: Energy stocks [Re: jackmountain] #15327100 10/19/20
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"Buy low, sell high"?


These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
Re: Energy stocks [Re: jackmountain] #15327102 10/19/20
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Might be some volitility due to consolidating.

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Re: Energy stocks [Re: jackmountain] #15327118 10/19/20
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I bought a truck load of XOM at $36 last March. Still holding it. I think it'll double in 2-years.

Re: Energy stocks [Re: jackmountain] #15327120 10/19/20
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chesterwy Offline
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I work in the industry. It's fugged.

Re: Energy stocks [Re: jackmountain] #15327125 10/19/20
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30338 Offline
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I'm saying fugged.

Re: Energy stocks [Re: jackmountain] #15327128 10/19/20
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Originally Posted by jackmountain
Time to buy again?
I’m holding XOM, MMP, ET, HAL and just bought 100 shares of HAL, thinking I should buy a good bit more at this price while it’s close to March’s low. Lot of guys on here with intimate knowledge of the industry, what’s the consensus?


Sean?


Originally Posted by jorgeI
...Actually Sycamore, you are sort of right....
Re: Energy stocks [Re: 30338] #15327155 10/19/20
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jackmountain Offline OP
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Originally Posted by 30338
I'm saying fugged.


I’ve been wrong before, but I don’t see alternative energy destroying fossil fuels as long as gas is +/- $2. My guess is we’re at LEAST one more boom cycle away from it. But I don’t think I’m a long term holder of the sector any longer.
In my business, after Katrina, every single home buyer’s #1 concern was energy efficiency. Insulation, SEER ratings, window performance, solar and wind generators.... I haven’t heard a single question about any of that from a customer in 5 years.


Theyre creepy bastards that are feeling you out. If all goes right, yall strike up a confidence and next thing you know youre at his house, in his cistern being fattened up so he can make a ladysuit out of you.
-Slumlord
IC-B

Re: Energy stocks [Re: jackmountain] #15327186 10/19/20
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I watched a segment were they projected global production, a couple years and we will be short again unless they keep drilling. Hint, they won't keep drilling at these prices. It's always been boom/bust, there is no replacement. Two years out I'm a bull, short term ( couple months) I'm a bear. Demand will grow in Asia even as demand slows in the US. I'll probably be a buyer the next few months of good dividend yielding energy stocks.


"Life is tough, even tougher if your stupid"
John Wayne
Re: Energy stocks [Re: Stormin_Norman] #15327211 10/19/20
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jackmountain Offline OP
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Originally Posted by Stormin_Norman
I watched a segment were they projected global production, a couple years and we will be short again unless they keep drilling. Hint, they won't keep drilling at these prices. It's always been boom/bust, there is no replacement. Two years out I'm a bull, short term ( couple months) I'm a bear. Demand will grow in Asia even as demand slows in the US. I'll probably be a buyer the next few months of good dividend yielding energy stocks.


Anything beyond the obvious choices that you’re looking at?


Theyre creepy bastards that are feeling you out. If all goes right, yall strike up a confidence and next thing you know youre at his house, in his cistern being fattened up so he can make a ladysuit out of you.
-Slumlord
Re: Energy stocks [Re: jackmountain] #15327242 10/19/20
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If I could somehow move even further from the stock market and into higher ROI cash flowing real property and low overhead businesses, I would.

That said, I've had good luck long term with REITs.


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Re: Energy stocks [Re: jackmountain] #15327245 10/19/20
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I'm waiting for the XLE spiders to get to mid 20s which is about 10% lower. I think medium term, regardless of the election, it could do well. If Trump wins, no green deal crap, no extra regs, no extra taxes. If Biden wins, they may go after fracking and cause prices to go up. Either way, when the lock downs go away, and travel resumes, we will see demand go up quickly. Longer term, however, I have no interest in this sector though. I see more and more electric and hybrid vehicles in the future. Too many people are drinking the climate change koolaid. Also, in the business sector, I see about half the business travel never coming back. They've all geared up and gotten used to the Zoom meetings etc. I see it being an uphill battle long term for the sector. And if prices do go up at all, I see countries just increasing production to move product. Marginal diminishing returns in other words.


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Re: Energy stocks [Re: jackmountain] #15327256 10/19/20
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JGRaider Offline
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I'm holding tight until after the election. General consensus around here is that if Biden wins, the energy sector will take a wait and see approach to react to what that moron does, or doesn't do.


There is nothing that enters a man from outside which can defile him; but the things which come out of him, those are the things that defile a man.
Re: Energy stocks [Re: jackmountain] #15327287 10/19/20
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Stormin_Norman Offline
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Originally Posted by jackmountain
Originally Posted by Stormin_Norman
I watched a segment were they projected global production, a couple years and we will be short again unless they keep drilling. Hint, they won't keep drilling at these prices. It's always been boom/bust, there is no replacement. Two years out I'm a bull, short term ( couple months) I'm a bear. Demand will grow in Asia even as demand slows in the US. I'll probably be a buyer the next few months of good dividend yielding energy stocks.


Anything beyond the obvious choices that you’re looking at?



I like the mid streams and pipelines like epd, kmi. Product always needs moved and they run like a REIT.

I also like producers with some nat gas like xom and chevron. Drillers and service are still a ways out IMO


"Life is tough, even tougher if your stupid"
John Wayne
Re: Energy stocks [Re: jackmountain] #15327289 10/19/20
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About 5 yrs ago oil was 40 bucks and the energy stocks were twice the price they are now. We dont have the oil glut everyone thinks we do, crude oil is inching up and natural gas has all but doubled since July from $1.53 to about $ 2.85 . There is no reason for energy stocks to be this low. I have been seeing more jets in the air, traffic is up and rail transport is up 1.9% last week from the week before. Energy stocks are way undervalued. I keep buying a little more here and there but it keeps going down.


But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
Re: Energy stocks [Re: jackmountain] #15327313 10/19/20
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When I retired I set up my portfolio so that I do not have to nickel and dime it or, frankly, watch it much which I did daily while working. As a senior manager retiree of Royal Dutch Shell I hold a pretty good chunk of stock as it was a healthy piece of my compensation. I still hold it well down and with a hugely reduced dividend. I don't need the money and will just ride it out as I have done for years.


Conduct is the best proof of character.
Re: Energy stocks [Re: jackmountain] #15327385 10/19/20
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Electric vehicles are still a niche until battery technology improves so I'm not ready to declare the death of the internal combustion engine yet. When this Covid garbage is over oil will be back I'm confident. While "green" energy is all the rage in the U.S. and Europe, China and India don't give a damn about it and they will be buying a lot of oil when things are rolling again.

Re: Energy stocks [Re: Crow hunter] #15327499 10/19/20
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Originally Posted by Crow hunter
Electric vehicles are still a niche until battery technology improves so I'm not ready to declare the death of the internal combustion engine yet. When this Covid garbage is over oil will be back I'm confident. While "green" energy is all the rage in the U.S. and Europe, China and India don't give a damn about it and they will be buying a lot of oil when things are rolling again.

Gas vehicles don't have to be dead though. Even if there's slowly eroding demand, that could be enough to put a ceiling on the sector long term. I don't have to like it to see the writing on the wall. Plus, I can tell you that telecommuting is here to stay for a lot of businesses. Even after the lock downs are over, there will be a net loss off business commuters.


Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
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