Wow, oil stocks getting torched.

Not a rec per se, but I've been liking ESV for a while now. Bought a few ITM call diagonals Friday, let's see if they're still ITM tomorrow!
 
Pundits and media have no idea where oil, stocks, housing, or any other asset class is headed. They just seek to explain current prices. Like driving a car while looking through the rearview mirror.
 
Has anyone noticed if prices at the pump fell by 10% this past week?
I know when oil prices rocket up 5-10% in a few days they are usually changing prices that very hour, but notice that the other way around it doesn't work the same way.
 
newwurldmn said:
I'm looking for oil related stocks to buy. Friday was stupid.
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E&P or equip & service? It's strange when everything oil related goes down, plus coal (a continuation), solar, biofuel and a fair number of nat gas-focused names. It's as if someone invented cold fusion machines that fit on the kitchen table.

I'm tempted to get into some of these companies, but it might be a long and painful wait until the next OPEC mtg in June.
 
Brighton said:
E&P or equip & service? It's strange when everything oil related goes down, plus coal (a continuation), solar, biofuel and a fair number of nat gas-focused names. It's as if someone invented cold fusion machines that fit on the kitchen table.

I'm tempted to get into some of these companies, but it might be a long and painful wait until the next OPEC mtg in June.
More...

I think some of the non-oil producing names will do better after the end of the year.
 
Narrow rally in Copper,gold,silver,oil. Indices,etfs, futures and big oil up today. Squeeze?

Underlying stocks weak in direct shale plays such as CLR,XCO,GDP.
Steel stocks down. X, AKS, STLD, NUE.
Mining, ore stocks VALE,RIO,BHP down.
Distressed coal companies ANR,WLT,CLF etc down.

Stockpickers seemed less inclined to act with dollar, gold, copper, oil today.
Only a day but what does this mean?
 
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