Oillllllll

Discussion in 'Stock Market Forum' started by hawksfan9325, Jan 9, 2016.

  1. petesede

    petesede Guest

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    On this front, Iran announced today that they plan on doubling production by next year. With the new pact, they are allowed to sell to only 6 countries, can´t remember the whole list, but India and China were the two that came to mind. The reason is that they are major buyers of Russian oil. This could result in another round of pain for Russia.

    We are also starting to see more banks predicting sub-20 prices within the year. Next weekend, I am going to do some digging on UPS and Fedex and see how this could help them.
     
  2. Onionman

    Onionman Senior Investor

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    I'll be intrigued to see how much of our conversation actually makes sense in a year's time! That's the charm of oil - it's made fools out of a lot of us over the years. There are a lot of obvious macro stories out there, on top of the geopolitics as well. I'm just waiting for those great unknowns that change the story again. And to think that $100 oil seemed vaguely rational at one point.
     
  3. crimsonghost747

    crimsonghost747 Senior Investor

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    I've started eyeing airlines. My logic is the same, low fuel prices take a nice chunk out of expenses. And it still seems like people are traveling more and more through air. Of course the competition here is really tough so the change in the price of fuel will probably bring down the price of flights too.

    Onionman, I think one year is way too short to have a look back and see what we did. I've already placed all my oil related bets... if I do more then oil is going to have to go way lower than where it is now. I can't remember the exact price where I bought an ETF that tries to follow the price of an oil barrel, but it was somewhere very close to $40 per barrel. Where will oil be in a year? No idea. Will oil bounce above $50 in the next decade? I certainly believe so.
     

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