What's your theory on where oil price is heading?

Wow...I remember that company when it was soaring in the $50 dollar range.

wrbtrader

 

When the underlying commodity (crude oil) is as volatile as something like bitcoin, it makes any industry related stocks almost uninvestable. The current volatility makes oil a great product to trade, but a crappy long-term investment.

I agree its a doomed sector. Too much anti-fossil fuel sentiment from the climate change move, and peak demand will happen much sooner than peak supply.

 

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That;
+I think they own a lot of stocks, so they got the C,5% dividend.
Also sounds like they remembered the old school Bush request '' why not pump more oil , which lowers the price ''LOL/true.
Dividend buyers are feasting on CVX, XOM, KMI,EOG,PSX,VLO, OXY...……………………………….

 

Dividends are never guaranteed, besides, do you want a 7% dividend when your stock has dropped 15%?

 

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OK.
Since you asked, I would rather get a 3.00+ % div off ERX. LOL...………………….................................................................…….Plenty liquid

 

With WTI and Brent in the 20's and the Saudis determined to keep prices low until shale is bankrupt, E&P's are going to have to slash their dividends (OXY) or sacrifice their balance sheets and long-term viability just to keep paying it (CVX, XOM). Energy companies with monster dividends are probably value traps.

 

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They may cut dividends;
XOM, CVX .......tends to increase dividends long term+ make money on refine gas/selling oil by the qt/gal .....................................................................LOL. ERX pays a dividend of >3.0%; I got some for capital gains tax free/Roth.
Most all the IBD charts prove growth stocks/EtFs trend better than value stocks/ ETFs.
My position,on ERX, even if I do ,or do not buy some more is smaller than my dividend payer$ like TWM,UPRO/TQQQ.............................................................

 

The Russians were wise to walk away from the Mar 9 OPEC+ production cut proposal. No amount production cuts would have been able to offset the unprecedented demand destruction we are currently witnessing.

 

The PROBLEM is STORAGE people.

There’s no place to store it. Which the Saudis are finding out.

Zero demand, permanent and temporary storage options exhausted.

 

I usually go through a tank of gas in my car every 6 days, on same tank from 2 weeks ago and above half full.