how to take advantage of the low oil price?

Discussion in 'Trading' started by trend2009, Mar 20, 2020.


  1. what is the problem with xom?
     
    #11     Mar 20, 2020

  2. what is the symbol in IB TWS? you mean buy oil future which expires in 96months?
     
    #12     Mar 20, 2020
  3. you forgot XOM
     
    #13     Mar 21, 2020
  4. hhiusa

    hhiusa

    Yes, it is possible to buy them that far ahead. The symbol is COIL. However, you need to apply for ICEEU market data through IB. I haven't seen expiries that far out on IB although you can through ICE Connect.

    https://www.theice.com/products/219/Brent-Crude-Futures/expiry

    So they do go a ways into the future.
    Screen Shot 2020-03-20 at 10.51.27 PM.png
     
    #14     Mar 21, 2020
  5. traider

    traider

    Wait you mean XOM is unsafe? Thought they were one of the largest.
     
    #15     Mar 21, 2020
  6. XOM has one of if not the highest breakeven costs per barrel (Somewhere in the mid $80’s).
    Meanwhile CVX has the lowest cost per barrel and a much better balance sheet. BP and RDS.A also much lower than XOM.
    PSX probably has the best management in the industry. Conservative and solid.

    As for XLE- I would rather own any of the stocks I mentioned, than an etf loaded with companies that could/will be wiped out in this downturn.

    The Big 5 (XOM CVX TOT BP RDS.A) will survive this as they always do and pick the carcasses of all the failed companies and come out stronger and with far less competition.
    Don’t overthink it. Stick with the behemoths.
     
    Last edited: Mar 21, 2020
    #16     Mar 21, 2020
  7. Although the oil fell sharply as a result of the pandemic, it is confirmed that during the last days the hydrocarbon registered a significant rebound In just two days it had a rebound of 93.03 percent, but it is still far from its best time of the year. little by little he recovers
     
    #17     Apr 6, 2020