Posted on 01/08/2020 7:56:41 AM PST by bananaman22
This is what the bears don’t get about oil stocks: These are no longer the reckless, wasteful, binge years of the shale boom. The smart companies have adapted to a new reality. close [x] Pause Unmute Remaining Time -1:33 Fullscreen Now, it’s about dramatic new offshore discoveries that are being brought online in record speed.
It’s about brilliant new well-completion designs that enhance productivity.
It’s about integrated giants who win, either way.
It’s about extremely ambitious small-caps that slip into new venues and scoop up massive basins when no one’s looking.
It’s about ingenuity on multiple levels that translates into something for every investor appetite.
Here are 6 stocks to watch in 2020, and between them they cover every sort of risk-vs-reward level out there:
(Excerpt) Read more at oilprice.com ...
Im still digging in my backyard.
If I hit anything, add it to the list.
Exxon Mobil
Conoco
Recon Africa
Hess
Phillips 66
Hess
Halliburton
You told me to tell all my friends
To buy a certain stock.
Well, they went out and bought it,
And now, they're all in hock.
A Tale of the Ticker--Frank Crumit (1929)
This little pig went to market
Where they buy and sell the stocks.
This little pig came home again,
With his system full of shocks.
XOM is a good, not great stock that will pay you almost 5% to wait for higher prices, if you like the kind of “dogs of the Dow” style of investing.
COP I consider one the most skilled operators there is.
HES EXTREMELY tightly correlated to the price of oil POO and VERY volatile.
I’m not especially bullish on oil, but the cycles in oil definitely exceed my attention span.
The refiners are an entirely different kettle of fish. Sometimes they react in concert to the POO, sometimes they react just the opposite. Never been able to figure it out. Plus they go thru their own hiccup seasonally when the blends are reformulated. Oh, and once a year a refinery will blow up. I like trading them, even though they consistently outwit me, which is not that hard.
Today (or soon) might be a decent day nibble on oil, it’s being DUMPED on mideast non-war -$2.34
When I see the phrase “hottest stocks”, I am reminded of this story. Vanguard mutual funds founder Jack Bogle was once asked about the best financial advice he ever got.
Bogle said it happened when he was youngster, working as a messenger at a brokerage. An older worker there told him this: “Nobody knows nothing.”
So Bogle decided to go the index route instead. That makes sense to me. But then again, I missed the great run up of Microsoft and Amazon stock.
I’ve held XOM for many moons and it’s been a dog. Meanwhile, Tesla and SpaceX are soaring. I don’t have the courage to bet on Elon Musk, but it seems that the best returns are associated with the bravest investors.
If you must, get a taste of the cheapest hydrocarbon ETFs.
It’s a stupid list, excepting Halliburton.
Non-domestic O&G is a loser right now.
Think of the potential fines for keeping that pool full.
I
Thanks. I’m still buying defense stocks and generator stocks (think California blackouts).
Anyone bother to check out the user discussion forums at that website? It’s filled with leftists. It just seems bizarre, a site dedicated to what amounts to monitoring, and essentially the encouragement of making money on oil, but all the users and authors of the site are hardcore American commies.
Interesting that you would say that. I really don’t know.
“I’ve held XOM for many moons and it’s been a dog. Meanwhile, Tesla and SpaceX are soaring.”
They are such different animals, goat and gazelle, that it’s pretty much impossible to co-bag them.
I inherited some XOM a few years back, it was about 90, which I thought was high and I sold it. There’s nothing at all unusual about looking over there and seeing something different you wish you were (in). Yes? There are people buying TSLA today who will freak when it’s 15 points lower next week. There are people in TSLA at 200 who would not care.
Ya know where my folks got got XOM? My Dad bought 2 shares of Socony Mobil in 1962. We were ultimately unable to figure out what he had paid for them. Over 50-odd years, it split several times (and he had a DRIP thing going) where it turned into 88.9127 shs XOM in 2012.
Whn HRC did her healthcare thing in the 90’s, my Dad (who was a chemist) bought Merck (MRK) That was a very wise buy circa 50ish. MRK was a company he admired greatly and it was a giant. It still is. It got to 90. I BEGGED, BEGGED him to sell some around 90 and it took 3 years of begging for him to finally sell some at 74. Then, MRK got hit with the Vioxx suits and spent a DECADE at $35. I’m telling you this for no other purpose than to tell a story.
Lookin’ like it was a good buy to buy HES & COP today on oil -$3.xx today.
No Apache? That’s weird.
Invesco to Close Dozens of ETFs in 2020 as Fund Shakeout Continues
Wall Street Journal
https://www.wsj.com/articles/invesco-to-close-dozens-of-etfs-in-2020-as-fund-shakeout-continues-11576880622
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