OILU long-term trade - what do you think?

Discussion in 'ETFs' started by farmerjohn1324, Mar 30, 2020.

  1. XLE Would be best thing for you,, their holdings is exactly that and you get all those in a one etf, the KICKER, 7% + dividend, This is even after it got cut

    Chevron Corp CVX 23.60%
    Exxon Mobil Corp XOM 23.02%
    Phillips 66 PSX 4.65%
    ConocoPhillipsCOP 4.61%
    EOG Resources Inc EOG 4.47%
    Kinder Morgan Inc Class PKMI 4.44%
    Schlumberger Ltd SLB 3.99%
    Valero Energy Corp VLO 3.98%
    Williams Companies Inc WMB 3.67%
    Marathon Petroleum Corp MPC 3.28%
     
    #31     Apr 7, 2020
    murray t turtle likes this.
  2. %%
    Good brand names you listed.
    I've traded ERX lately;
    in my case that was more of a trade than an investment.The oil business is among the most fun + interesting to read/study...…………………………………………………………………………………………………………..
     
    #32     Apr 9, 2020
  3. Absolutely, i agree, oil seems to be fun to watch and make money off of, i got burned in oil in both last crashes, but this time faring well. I got rid of my UCO today once and finally for all as i learned the depth of the math involved in leveraged etf, i too take it as a trade, but a trade for me can last a month or two easily in which such etf do NOT do me good, so i am back in the direct futures exposure,,, contango there, but the moves right now can offset it,, i hold on half my position and the other half i get in and out 2 dollars there 2 here,, its like a day/short term trade inside a long term trade cuz i have no knack for day trading what so ever, so i just buy the small pull backs and sell on a small move, but only half,,, XLE though i would in a heartbeat load up a chunk if i was not in the futures of crude oil itself which is very correlated with it,,,, i thinking owning CVX and XOM at these prices you cant go too wrong for too long
     
    #33     Apr 9, 2020