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thomaspp · 8 January 2016, 03:14 AM

Just made a big play on Oil

Crazy or smart?

wantonebad · 8 January 2016, 03:28 AM

Can I get back to you in 6 months?

WRwatchATL · 8 January 2016, 03:29 AM

Quote:

Originally Posted by thomaspp

Just made a big play on Oil

Crazy or smart?

Smuggling over the Iraqi/ Turkish border?

tbonesteak · 8 January 2016, 03:31 AM

How exactly did you play it?

antbkny · 8 January 2016, 03:35 AM

Quote:

Originally Posted by thomaspp

Just made a big play on Oil

Crazy or smart?

thomaspp · 8 January 2016, 03:36 AM

Quote:

Originally Posted by WRwatchATL

Smuggling over the Iraqi/ Turkish border?

Quote:

Originally Posted by tbonesteak

How exactly did you play it?

Haha..

Bought VDE and USO

Sent from my iPhone using Tapatalk

tbonesteak · 8 January 2016, 03:41 AM

Quote:

Originally Posted by thomaspp

Haha..

Bought VDE and USO

Sent from my iPhone using Tapatalk

Was thinking about a buy on UGA, a little unknown gasoline fund, same company behind the USO fund.

hunterp27 · 8 January 2016, 06:32 AM

Just follow what the airlines do with their fuel futures..........

Swearengen · 8 January 2016, 06:33 AM

There must be quite a few ETFs that track WTI and similar on the US markets. More limited in choice over here - PBRT from Vanguard and a couple of others such as OLWP from ETFS.

locutus49 · 8 January 2016, 06:35 AM

I'm heavily in big oil so hope it goes UP.

brandrea · 8 January 2016, 06:36 AM

Guessing the future of oil is too difficult for me. I play the large producers with down stream refining assets as they benefit from lower prices. Having said that, all the oil stock are beat up, so I'm under weight the sector.

MonBK · 8 January 2016, 06:36 AM

I invested in oil today as well.

Floorguy · 8 January 2016, 06:40 AM

Quote:

Originally Posted by MonBK

I invested in oil today as well.

Hey Mon! Happy New Year! Good to see you!

MonBK · 8 January 2016, 06:46 AM

Quote:

Originally Posted by Floorguy

Hey Mon! Happy New Year! Good to see you!

Thanks pal and a very Happy New Year to you as well.

azguy · 8 January 2016, 06:47 AM

I've been saying we'll see $25 before $50 for months, but what do I know

beer · 8 January 2016, 06:50 AM

i am also in on oil since $50 and have worked out that due to the drop in pump prices in the UK that came with the oil drop, i will have at least broken even after buying 1,400,000 litres from the pump

Jimbob247 · 8 January 2016, 06:52 AM

Lots of people think they have some strategic advantage in the short term vs the market when it comes to commodity pricing. It's gambling not investing.

azguy · 8 January 2016, 07:12 AM

Iran isn't even on-line yet and the Saudi's are trying to be the lower cost producer to Europe before Iran gets pumping.

I've heard reports, that shortly there will not be a single spot to store another barrel of oil and then people will shut the pumps off and the price will really crater. There's way more supply than demand, basic economics.

GB-man · 8 January 2016, 07:30 AM

I've been considering buying the xle but haven't yet. I think if you can hold it for several years it's a good idea. Buckle your seatbelt though.

tbonesteak · 8 January 2016, 08:19 AM

Quote:

Originally Posted by GB-man

I've been considering buying the xle but haven't yet. I think if you can hold it for several years it's a good idea. Buckle your seatbelt though.

This one is/has been on my list for a while... Scared to pull the trigger, but when I do, I intend on holding for a while. Nice yield too.

kilyung · 8 January 2016, 08:35 AM

Too volatile for my poor heart. I'll just buy more PM Rolexes.

gmh1013 · 8 January 2016, 09:21 AM

Quote:

Originally Posted by azguy

I've been saying we'll see $25 before $50 for months, but what do I know

I think we will see 25-30 for 12-18 months .....50 a barrel is years off IMHO....just to many geopolitical plays involved to really make long term investments....its a day by day thing to me.....i would play a little in oil futures but i mean very very little.

Gidget · 8 January 2016, 09:37 AM

The experts say oil will be back to record highs around the year 2040.

One Ping Only · 8 January 2016, 10:36 AM

It's a finite resource, so eventually it will go up. The question is when?

Gidget · 8 January 2016, 12:50 PM

Quote:

Originally Posted by One Ping Only

It's a finite resource, so eventually it will go up. The question is when?

The sun will implode before oil runs out.

cdmorenot · 8 January 2016, 12:52 PM

WTI , UWTI , DWTI look at the charts... I've just been riding the roller coaster for the past three months. I hope it goes up !

GB-man · 8 January 2016, 12:52 PM

Quote:

Originally Posted by Gidget

The sun will implode before oil runs out.

Please explain. Oil does not have to run out for it to become more scare, as you well know.

I think if anything, we will destroy the planet before we run out of oil. But the sun imploding lol

Gidget · 8 January 2016, 12:58 PM

Quote:

Originally Posted by GB-man

Please explain. Oil does not have to run out for it to become more scare, as you well know.

I think if anything, we will destroy the planet before we run out of oil. But the sun imploding lol

My explanation is that oil will last for 5 billion more years but I agree with what you state. We will destroy the planet way before that happens.

AzPaul · 8 January 2016, 02:02 PM

Early last year there was a thread here with a few oil workers from different parts of the world, talking about the layoffs (due to low demand) they were seeing. Thought that was pretty good information back then when I read it and think even more of it now.

Danny83 · 8 January 2016, 02:23 PM

You know what you doin Thomas

8 January 2016, 03:14 AM	#1
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,137	Oil Just made a big play on Oil Crazy or smart? __________________ Instagram: @watches_anonymous

8 January 2016, 03:28 AM	#2
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	Can I get back to you in 6 months? __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

8 January 2016, 06:33 AM	#9
Swearengen "TRF" Member Join Date: Aug 2010 Real Name: Gabriel Location: London, UK Posts: 1,864	There must be quite a few ETFs that track WTI and similar on the US markets. More limited in choice over here - PBRT from Vanguard and a couple of others such as OLWP from ETFS. __________________ 1680 1675 16800 16570 16710 17000 16613 17013 Gone but not forgotten 16610LV 1016 16234

8 January 2016, 06:50 AM	#16
beer "TRF" Member Join Date: May 2015 Location: Watch Dealer atm! Watch: all Posts: 2,800	i am also in on oil since $50 and have worked out that due to the drop in pump prices in the UK that came with the oil drop, i will have at least broken even after buying 1,400,000 litres from the pump __________________

8 January 2016, 10:36 AM	#24
One Ping Only "TRF" Member Join Date: Oct 2012 Real Name: Ken Location: WI Watch: several Posts: 1,639	It's a finite resource, so eventually it will go up. The question is when? __________________ I have far too many expensive hobbies to even consider another one.

8 January 2016, 03:31 AM	#4
tbonesteak "TRF" Member Join Date: Oct 2015 Location: New York Watch: me go broke! Posts: 1,657	How exactly did you play it?

8 January 2016, 06:32 AM	#8
hunterp27 Banned Join Date: Sep 2011 Real Name: JHP Location: Fairview, TX Watch: WG 18039 Day/Date Posts: 789	Just follow what the airlines do with their fuel futures..........

8 January 2016, 06:35 AM	#10
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,193	I'm heavily in big oil so hope it goes UP.

8 January 2016, 06:36 AM	#11
brandrea 2025 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 79,249	Guessing the future of oil is too difficult for me. I play the large producers with down stream refining assets as they benefit from lower prices. Having said that, all the oil stock are beat up, so I'm under weight the sector.

8 January 2016, 06:47 AM	#15
azguy Banned Join Date: Sep 2011 Real Name: ------- Location: ------- Watch: --------- Posts: 12,609	I've been saying we'll see $25 before $50 for months, but what do I know

8 January 2016, 06:52 AM	#17
Jimbob247 "TRF" Member Join Date: Jan 2016 Location: UAE Posts: 25	Lots of people think they have some strategic advantage in the short term vs the market when it comes to commodity pricing. It's gambling not investing.

8 January 2016, 07:12 AM	#18
azguy Banned Join Date: Sep 2011 Real Name: ------- Location: ------- Watch: --------- Posts: 12,609	Iran isn't even on-line yet and the Saudi's are trying to be the lower cost producer to Europe before Iran gets pumping. I've heard reports, that shortly there will not be a single spot to store another barrel of oil and then people will shut the pumps off and the price will really crater. There's way more supply than demand, basic economics.

8 January 2016, 07:30 AM	#19
GB-man 2025 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,568	I've been considering buying the xle but haven't yet. I think if you can hold it for several years it's a good idea. Buckle your seatbelt though.

8 January 2016, 08:35 AM	#21
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	Too volatile for my poor heart. I'll just buy more PM Rolexes.

8 January 2016, 09:37 AM	#23
Gidget Banned Join Date: Oct 2015 Location: LA Posts: 141	The experts say oil will be back to record highs around the year 2040.

8 January 2016, 12:52 PM	#26
cdmorenot "TRF" Member Join Date: Jun 2015 Real Name: Carlos. Location: NNJ - MDE Watch: = Want them all. Posts: 3,722	WTI , UWTI , DWTI look at the charts... I've just been riding the roller coaster for the past three months. I hope it goes up !

8 January 2016, 02:02 PM	#29
AzPaul "TRF" Member Join Date: May 2012 Real Name: Paul Location: Tucson, Az Watch: Rolex 1501 Posts: 14,247	Early last year there was a thread here with a few oil workers from different parts of the world, talking about the layoffs (due to low demand) they were seeing. Thought that was pretty good information back then when I read it and think even more of it now. __________________ Ain't much of a crime, whacking a surly bartender

8 January 2016, 02:23 PM	#30
Danny83 2025 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,325	You know what you doin Thomas

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