Currently there is a glut of 12.4 million barrels of oil every day. The world

Mar 31, 2020
3:48:20pm

ArcticKat All-American

will run out of storage tanks by June. If that happens and Saudi Arabia and Russia are still dumping oil on the world market the only option will be for oil companies to slow or temporarily stop production. I’d wait a couple months.

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ArcticKat

Bio page: ArcticKat
Joined: Jun 23, 2002
Last login: Jun 16, 2024
Total posts: 10,819 (401 FO)

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Messages

Author

Time

POLL: About to buy $5,000 of Exxon stock. Am I stupid?

BYUALWAYSNUM1 All-American

3/31/20 2:44pm

I say no as long as your timeline is at least 12 months

CommodoreCoug

3/31/20 2:45pm

30 years

BYUALWAYSNUM1

3/31/20 2:45pm

I can think of a lot of other stocks that will likely do better in that time.

Kerbouchard

3/31/20 3:03pm

I haven't bought, yet. Which stocks do you like?

BYUALWAYSNUM1

3/31/20 3:11pm

Enron

LaVellIfIKnow

3/31/20 3:13pm

I've heard a lot of good things about that one.

BYUALWAYSNUM1

3/31/20 3:23pm

30 years is a long time, but for example: AMZN, AAPL, MSFT I'd be willing to

Kerbouchard

3/31/20 3:27pm

I wish I had any of those, but I think I missed the boat long ago.

BYUALWAYSNUM1

3/31/20 3:31pm

Huh? You think XON is going to outperform them? Low stock price does not mean

Kerbouchard

3/31/20 3:45pm

Yes because if there is anything the stock market guarantees

coug16

4/1/20 5:43am

Need more info about you and your abilities to make an accurate assessment.

BYUtka

3/31/20 2:45pm

I'm batting 1000% on picking the wrong investments.

BYUALWAYSNUM1

3/31/20 2:47pm

Do you put ketchup on a hot dog?

BYUtka

3/31/20 3:17pm

I don't like hot dogs, but, Yes.

BYUALWAYSNUM1

3/31/20 3:24pm

I think I know enough to make an assessment now.

BYUtka

3/31/20 3:25pm

wait, I'm totally fine being shamed, but at least tell me why ketchup on hot dogs is bad? I thought that was normal

BYUALWAYSNUM1

3/31/20 3:30pm

It is an abomination.

BYUtka

3/31/20 3:58pm

Wow, I had no idea. I had heard that ketchup on a brat was unacceptable.

BYUALWAYSNUM1

3/31/20 5:48pm

Perfectly acceptable

Born2Fish

3/31/20 5:23pm

Are you trying to time the market?

shimmy

3/31/20 2:45pm

Just bought some myself for the long haul

homegrown

3/31/20 2:46pm

do it and assess later

CougarBuddy

3/31/20 2:46pm

hard to say without knowing what the rest of your portfolio looks like

BlueFrog

3/31/20 2:47pm

The rest is in index funds, silver n gold.

BYUALWAYSNUM1

3/31/20 2:49pm

what percent is this stake?

BlueFrog

3/31/20 2:49pm

Not much. Less than 1%

BYUALWAYSNUM1

3/31/20 2:50pm

then absolutely

BlueFrog

3/31/20 2:51pm

So Exxon is the one stock you're choosing? Why?

Kerbouchard

3/31/20 3:05pm

it's low right now, and the dividend yield looks good.

BYUALWAYSNUM1

3/31/20 3:08pm

AAPL pays a dividend too, and will outperform XOM by a mile.

Kerbouchard

3/31/20 3:29pm

Chevron does a better job with their cash. Just as an FYI.

specsauce

3/31/20 2:48pm

Are those things mutually exclusive? Asking for a friend...

foofcoug

3/31/20 2:48pm

Yes, but I'm willing to entertain your thoughts.

BYUALWAYSNUM1

3/31/20 2:49pm

RE: Yes, but I'm willing to entertain your thoughts.

foofcoug

3/31/20 2:50pm

Better to buy gold and ammo then bury it in the country for the impending apocalypse

letthewookieewin

3/31/20 2:49pm

<< Deleted >>

rivercitycoug

3/31/20 2:50pm

i've been loading up on Phillips 66 over the last few weeks.

kolob32

3/31/20 2:52pm

I would wait until it hits rock bottom, yes it will get lower

slccoug

3/31/20 2:52pm

Why? Even when the economy was humming along the stock was still going down

RC Vikings

3/31/20 2:53pm

I bought 2 weeks ago, but still a good deal

AZ Coug

3/31/20 3:02pm

If you're set on a gas stock put $1000 on DNR and rest in MSFT

RC Vikings

3/31/20 3:13pm

What makes you think this investment would pay off in any form?

wcj99

3/31/20 3:46pm

Currently there is a glut of 12.4 million barrels of oil every day. The world

ArcticKat

3/31/20 3:48pm

a week or two ago i purchased some options that expire in 2022 for XOM that cost

delbert

3/31/20 3:53pm

Chart of XOM

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