http://seekingalpha.com/article/3964141-crude-oil-opec-going-surprise
read the link, putin is gonna make oil price go 50-60 on sunday. its the last piece of the puzzle, jews have already shilled the masses into believing oil is becoming useless and demand is decreasing while buying dirt-cheap stocks from the goyim
my position is 340x BTE @ 3,60$
>>1188396
I guess its time to hoard gas in drums and sell them later
UPL, LINE 1000 shares each. However my biggest money maker since Feb. has been AVP banking on ZIKI to raise the ceiling way up. Non deet bug off for pregos.
>>1188408
>LINE
http://www.thestreet.com/story/13490687/1/linn-energy-line-stock-tanks-on-possible-bankruptcy.html
why do you think they will recover?
>>1188414
No they're offering a 1 for 1 share swap with LNCO I took it but ETRADE told me it will take about 2 weeks to go thru. In the meantime I can sell it if it pops up.
>>1188396
Op you are retarded. Chances are there will be no oil freeze. And seeing that oil is only at $41 a dollar a barrel because of the hope that there will be a freeze is dumb.
Oil should no be this high. If there is no oil freeze that thing will tumble hard,
Oil cuts. Lol no chance. Oil freeze, even then oil should not be past 45$ a barrel.
>>1188396
Oil is going to go up coming into the summer?
No shit genius, it always does.
>>1188396
>15 countries, mostly middle east both sunni and shia making a deal to freeze production
sounds like a fucking pipe dream
>>1188522
fact: russian economy is very dependent on oil & LNG price
you think putin will just sit around and watch the country go into civil unrest and endanger his gang? or SA will ignore to use the potential they have from the fact that world still runs on oil? things like cargo ships or airplanes dont run on SJW fuels like electricity and battery technology is still pretty unusable and unconvenient for that and i havent heard of nuclear reactors being installed on those things apart from military ships and subs
what the big players have always been doing is telling lies to goyim and then do something unpredicted and take the profit from doing so and i personally believe they will do it again.
the elite has already planned shillary to win the elections and she will ban fracking in US so those companies arent really a risk to saudis. this is why i will probably sell my BTE shares away after the skyrocket.
btw, mossad will make mosul dam collapse this year to cause even more unrest in iraq because their ISIS plan is taking a downturn. jews always profit from chaos in the middle-east. this will also cause an unavoidable production cut
oil will be retesting and breaking its lows
>>1188575
>Ban fracking in the us
This kills the banking sector
Unconfirmed reports are in that Russia and Saudi Arabia have come to a consensus to an oil freeze. This caused the spike in oil. Once the confirmation comes from a reputable source we can expect more upside potential.
>>1188638
Update: Russian Energy Minister declines to comment on the previous unconfirmed report.
Oil prices are so low, that the chances of civil rest in the next few years are high. This would increase oil prices.
>>1188522
>Chances are there will be no oil freeze.
lel at this faggot
http://www.bloomberg.com/news/articles/2016-04-12/russia-saudi-arabia-reach-oil-freeze-consensus-interfax-says
What are some good oil stocks to buy?
Russia and Saudi reached a consensus, would it still be a good buy tomorrow?
>>1189088
WTI is still only around $40, which is the break even point for many smaller companies. If you can wait a year for oil to go to $60, you could easily double your money today or tomorrow.
>>1188396
>340x BTE @ 3,60$
>tfw only have 25* the amount of BTE that OP has
Prices aren't updated for today, probably up 10k (CDN) more
>>1188396
I have shares in Tamarack Valley Energy, here's hoping it climbs like a rocket since they are still profitable now with the low oil.
FCX and SDRL
SRAQU
My poor ass has bought into BTE, a small amount.
Please oh gods of finance do not let this meme stock fall
new day new gains, cmon vlad
>>1189238
I made $750 on SDRL alone today. Thank you based god
holding NE, RIG, SPN, CHK, and SRAQU
sold my BBEP this morning like an idiot
I hope I actually make money here. I'm a manlet so I only bought 5 UWTI and 50 SDRL
150 SDRL @ 31.90 NOK
>>1190367
Got in yesterday at 26 NOK. Still in it, selling at least 50% if it hits 35 today
Is sdrl still a good buy today?
>>1189238
How many shares did you have in SDRL?
>>1190528
yes if you believe that something actually happens in doha meeting.
It's not time.
>>1188616
which banks hold the largest loans to oil producers?
>>1189240
i'm in on this. hope i get a chance to redeem warrants.
Im out at 50, maybe now. Fuck this volatility, I can make nasty gains withoit meme stocks.
I took a tiny short position. Will close by Friday
>>1190535
200 and 3 short puts
>>1191310
Doesn't that mean Papa lost.
How Long Oil are you?
>>1191833
Good to know, my short puts went out of the money today and I'll use the money to buy more SRAQU
gents,
Put a chatroom together..
Got almost 100 guys..
We're working together on picking stocks. making eachother money
If you're an intermediate, or above we'd like to have you.
Just add your email and I'll invite you
>>1190763
Wells Fargo is way up there.
>>1191940
thx m8, ur in!
Just put the money I was saving for a house (all my savings since I started working 2 years ago) into UWTI.
Ready for Sunday.
>>1192011
why the confidence?
>>1192012
Literally no reason at all. It has to spike one way or another after the meeting. I just hope it goes the right way.
>>1192025
shit.
got 2.5k on it at the moment, considering pulling out Friday.
how much do you have in?
>>1192025
$26.5k CAD
I've been in and out of UWTI with smaller amounts off and on forever. I recently got back in at $20 with $11000 CAD and it went so well, I got excited and dumped the rest in ahead of the meeting.
Might as well go big or go home, right? Today was sort of disappointing but it seemed to trend up after hours.
>>1192048
dude, I hope you're joking.
sell everything Friday.
be proud of your gains.
You're gambling.
you're in a casino deciding between black and red on a roulette table.
Never invest more than 40 percent of all your savings.
most people advise 10 percent.
if you want to gamble this badly, leave 1k in over the weekend.
>>1192057
Well what do I do with the other 60% of my savings? Not being a dick, genuinely curious. My job doesn't provide pension or anything so I've never done anything with my money but invest. Just let it sit in a savings account making like 1.5% interest? That sounds so boring.
>>1192067
dude, you just don't gamble.
otherwise that's Years of saving disappearing instantly.
if you must, carefully use 1/3rd of your savings
but you have a decent amount of money, so just keep saving
>>1192067
Exciting, sure, until the moment of truth hits you and you realize what a terrible idea it was and how many months/years of your life's work has been lost.
>>1192025
worst case scenario is that "we didnt decide anything, just gathered to doha for fun, we'll keep pumping like no tomorrow as we've been doing since june 2014" t. sand nigs & putin
it would melt all the hopes for oil market recovery and cause 25-30ish barrel prices. if they confirm the freeze the price will go to 50ish im guessing. remember no risk no reward
>>1192067
put it a variety of other shit to diversify your holdings.
>>
Warrent buffet went 70% balls deep once and that was after shaking hands with the management teams of everything one on his shortlist.
He spend hundreds in flights and hotels to make sure he got it right, after years of research.
>>1191901
>Doesn't that mean Papa lost.
i don't think so. from the filing:
>Each whole Warrant entitles the holder to purchase one share of Class A common stock at a price of 11.50 per share
> Each Warrant will become exercisable on the later of 30 days after the completion of the Company’s Initial Business Combination and 12 months from the closing of the Public Offering and will expire five years after the completion of the Company’s Initial Business Combination or earlier upon redemption or liquidation. Once the Warrants become exercisable, the Company may redeem the outstanding Warrants in whole and not in part at a price of $0.01 per Warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sale price of the Company’s Class A common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sent the notice of redemption to the Warrant holders.
the way i understand this is that if Papa wins (increases the value of this stock), there is a window of opportunity for us to redeem warrants (buy stock at 11.50/share). idealy, we would redeem when the market price is higher than 11.50. BUT the company can buy them back after market price hits 18/share for 20 out of 30 trading days... so...
i've never played around with warrants and i'm pretty sure you'd have to call your broker to redeem them.
>>1192067
>I've never done anything with my money but invest.
dwti/uwti isn't investing. put the bulk of your savings in a 'safe' investment (like vanguard mutual fund or etfs) for a steady, unsexy, unthrilling ~7% return.
gamble with what you can afford to lose.
listen to the other anons here:
>>1192070
>>1192072
>>1192090
we're dicks but we don't want you to lose it all!
>>1192223
waiting for everybody to scream at me for suggesting 7% returns from grandpa tier investments instead of 30% returns from utilizing fundamental and meme-technical analysis to pick only #winning stawks.
so... before the deluge, here is the advice warren gave his trustee:
>My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P
500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.
http://www.berkshirehathaway.com/letters/2013ltr.pdf
so, yeah. do that and gamble uwti with your lunch money.
>>1192214
so the way I'm reading this is if we buy stock early.
and papa is goat. Later we get more stock at 33% off?
Or is it that they'll cash us out for 6.50/share guaranteed if we wish it.
>>1192303
So if Russia and Saudi reach aggreement to curb production right.
Does that mean they've essentially agreed to top down essentially force a few of their most over extended producers fail.
Also I read something like Russia needs 50$/barrel and Saudi like 30$ to keep the economy going.
Some producers fail which means some unemployment and fewer producers, does that kick their stability price a little higher?
Less oil has to feed more people basically?
>>1192342
saudis are planning to sell a portion of their saudi aramco company and they will profit even from a temporary jump in oil price so people buy the shares of the company for higher price.
opec has a meeting coming at june too, they might then rip off the goyim who thought the price after next sundays predicted skyrocket is for long term.
>>1192303
each class A share comes with 1/3 of a warrant. if papa is the goat, you'll be able to redeem a whole warrant (you'll need three shares to do this) for a single share at 11.50.
>stock at 33% off?
only if you redeem when the share price is at 17.50
>they'll cash us out for 6.50/share guaranteed
nope. they'll cash you out for a penny per full warrant if you wait too long like a greedy faggot.
basically, warrants are nice incentives to lure investors into buying speculative stocks like this. there is a chance that, if everything goes right, the investor will be able to profit a bit more down the line (while at the same time diluting the stock)
++++ as far as i know. please correct me if i'm wrong!
Short selling crude oils on the Doha meeting
http://www.globalmacroresearch.org/2016/04/short-selling-crude-oils-on-the-doha-meeting-an-output-freeze-would-not-change-oversupply/
>>1193011
So if I buy this shit off etrade, I can redeem some warrant that gives me more stock?
>>1193127
I like that site, know any other good ones?
>>1188396
CHK put, April 22nd expiration date, 150 contracts at a strike price of 6 dollars. Cost me 5400
i doubt the current rally is sustainable. oil is dead and gone. $30 soon again
Senpai oils going back down 36 $ range
Anyone know any good oil ETFs?
Would it be worth it to put money on an oil ETF or would I be better off with an etf that follows the s&p or emerging markets?
>>1194296
well, simply put you are tossing a coin doing that. if you want to gamble, fine.
sp has and has always had "long term" upward bias, oil has long term downward bias at this point
>>1192011
Betting you're out now. Good luck.
i havent wimped out
GL all
>>1194296
VDE is pretty decent. i bought during the last big dip and YTD return (for me) is 8.68%.
i wanted a bit more exposure to the oil industry while everything was on sale... but wasn't comfortable picking one or two stocks (like RIG, SDRL, XOM, or MRO). i don't think oil is dead but i don't think we'll see $100/bbl any time soon... so VDE was a good fit for me.
I don't know if i would buy it right now... maybe wait for it to go on sale again during the next shock.
>>1195967
>i havent wimped out
does that mean you're holding UWTI for monday?
>>1196012
no, 340x bte and 300x ogzpy
already prepared for a shitty end, saudis are now butthurt for usa planning a law that would enable accusing them of 9/11
>Inb4 gas goes to $3
>inb4 trucks n suvs are no longer the norm
>inb4 people can't afford their new truck
>inb4 auto defaults
>>1188551
You know it's summer twice a year in the world right? Not everywhere is on Burger-Time
>>1197457
The vast majority of the developed world, and with it the vast majority of petrol consumption, lives in the same hemisphere. Kill yourself retard
>>1196629
>SHORT ENTIRE STOCK MARKET NAO
>>1194296
>off with an etf that follows the s&p or emerging markets?
if you're in australia, it's Betashares Crude WTI. OOO
so when does the meeting start? cmon usa & israel put pressure on saudis pls
https://www.youtube.com/watch?v=5cPRfLgcDbg
1 hour
1k BHP, 1k aud STNG, 500 OOO
If all goes well buying 500 more OOO tomorrow with free brokerage.
>>1188396
OIL MEETING BTFO
FUCK SAUDI
>>1198594
>wanting higher oil prices
cuck
>>1198604
20$ for brent barrel soon
Oil prices are not going to see anything above $50-$60 for at least five years.
If you're going to speculate before we've even retested the lows; donate your money to a charity instead before blowing it. At least it's tax deductible.
We 90's now.
>>1193127
>an output freeze would not change oversupply
for some reason, most people seem to be completely ignoring this.
Sometimes it feels I'm living in cuckoo land.
And lets not forget that there is the issue with lower demand. This is not simply an issue of oversupply.
>>1198629
more like bizarro 70's
>when you're in UWTI
>and you've almost already doubled your money
>>1198760
Won't UWTI gap down like a rock tomorrow AM, before you can sell? When do oil futures start trading today? I can't imagine oil is gonna go up on this news, it should plummet.
>>1198770
Like 8 central I think
>>1188396
HAHAHAHAHAHAHA
UR FUCKT
glad i got out of oil on friday.
wasnt about to bet on that meeting.
>>1198770
yes he's fucked as well
>“This is an extremely bearish scenario and we will probably see a knee-jerk reaction on the market,” said Abhishek Deshpande, oil analyst at Natixis. “Prices could touch $30 a barrel within days.”
wew lads
>OPEC meeting ends without deal on oil production freeze
can't wait for monday opening,,,
Cost to produce:
Overall cost to produce one barrel of oil
(Nov. 23, 2015)
United Kingdom $52.50
Brazil $48.80
Canada $41.00
United States $36.20
Norway $36.10
Angola $35.40
Colombia $35.30
Nigeria $31.60
China $29.90
Mexico $29.10
Kazakhstan $27.80
Libya $23.80
Venezuela $23.50
Algeria $20.40
Russia $17.20
Iran $12.60
UAE $12.30
Iraq $10.70
Saudi Arabia $9.90
Kuwait $8.50
$DWTI$
>>1198902
AHAHAH
somebody had short positions open over the weekend
>>1198963
ballsy,
I closed on Friday.
>>1188396
>seekingalpha
>>1198963
Me, SPY puts and vertical put spread.
OP on suicide watch
>>1198963
>tfw you were shorting the AUD over the weekend
>>1199012
How do you short aud?
I guess the lesson to be learned here is that OPEC meetings rarely succeed and when they fail, prices take a hit.
I wonder if OP even considered that the market is also not pricing in the inventory increase at Cushing tomorrow
>>1199051
whatevs gonna buy more if they fall
Good time to load up then - APA HFC PKD XOM
>>1197489
HELLO DOOTCHER BANK I NEED AN ISDA AND GOLDMAN SACHS MAKE ME A CAR-SWAP
>>1199064
yeah back up the truck. Im buying everything this week
>>1198996
What were the exact purchases, if I might ask?
>>1188407
>gas
Gasoline doesn't keep long even with stabilizer. Diesel or oil will.
>>1199512
I don't think he was being serious.
