With demand significantly weakening in China, I would't touch oil

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Feb 21, 2020
2:11:24pm

kapcreations All-American

With demand significantly weakening in China, I would't touch oil

Report problem with this ad

kapcreations

Bio page: kapcreations
Joined: Aug 17, 2010
Last login: Apr 28, 2024
Total posts: 4,635 (19 FO)

Report problem with this ad

Messages

Author

Time

Not Advice. BP is really interesting at these price levels.

grosven

2/21/20 1:54pm

Not if you bought it a year ago.

Goliath

2/21/20 1:58pm

Agree. Same business it was last year. I wasn't too interested then.

grosven

2/21/20 2:02pm

For an oil play, I'd be more interested in XOM or PSX honestly.

Pimpin4Paradise

2/21/20 2:06pm

Also interesting to me. What do you like about them?

grosven

2/21/20 2:17pm

Consistently outperform peers, good dividend, and both undervalued at this point. Those are the cream of the crop in

Pimpin4Paradise

2/21/20 2:25pm

Agree they are tiptop, I like the price best for BP right now when looking

grosven

2/21/20 2:34pm

With demand significantly weakening in China, I would't touch oil

2/21/20 2:11pm

A lot of that is already built in to current valuations. Oil stocks are down 15-20% in the last month.

Pimpin4Paradise

2/21/20 2:18pm

Problem is, it seems there is a small window to contain the fallout

2/21/20 2:30pm

I hope that it goes down more.

grosven

2/21/20 2:44pm

The market agrees with you.

grosven

2/21/20 2:20pm

Curious how some of you guys decide when to exit a trade. If you were to buy BP,

crack

2/21/20 2:30pm

Estimate intrinsic value, on the back of a napkin. Be conservative. Then have

grosven

2/21/20 2:43pm

Most of my trading strictly technical so I always have an exact exit in mind.

crack

2/21/20 2:51pm

In general, it's really hard to find good deals these days. Because the market

grosven

2/21/20 3:00pm

People laugh at how simple my long term stuff is, but it has been working for

crack

2/21/20 3:10pm

It depends on the trade

2/21/20 2:55pm

Awesome explanation. Thank you so much!

crack

2/21/20 3:01pm

<< Deleted >>

mokelembembe

2/21/20 3:39pm

what is BP? Whats the stock symbol?

PizzaPipeline

2/21/20 3:23pm

I'll give you a hint

Goliath

2/21/20 3:29pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad