Wow, oil stocks getting torched.

Not jumping it until crude stabilize first. Anything can happen just like 2009, from 140s down to 30s. This time won't be different. It is just a game control by some big guys at the back. Best ride their coattail and not against them.
 
S2007S said:
Haha etfs that short oil, of course, just buy some DWTI now at $90 up from mid $20's just a few months ago, what fools.

UWTI is under $7
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Ha ha, fools is right. But CNBC isn't going to mention buying DWTI when it's in the 20's, lol. They're usually late to the party.

But damn, that chart looks quite parabolic. And it's an ETN, even more risky than an ETF, and includes this statement in the prospectus:

"If you hold your ETN as a long term investment, it
is likely that you will lose all or a substantial
portion of your investment."

When crude futures spike, DWTI will suffer a substantial draw, which makes UWTI a good trading vehicle for those who can stomach the volatility of a 3x ETN.
 
people on twitter are looking for $8-$15 on oil(CL) in the next 6 months.
Should have lots and lots of large down days on oil to make some easy coin
 
IMHO, if I were the deep pocket producer/exporter/importer, I will switch from producing and lock on price at $8-15 for future delivery. So very unlikely price head there, if it does, it is a lifetime opportunity with good risk/reward. If @8, a CL max loss is $8000(unlikely to go 0), while the gain can be many times.
 
my favorite magazine cover march 6,1999
drowning-in-oil-march-6-1999.jpg


guess the price in march 1999?

december 1998 it was $9.88 Crude Oil (petroleum), Dated Brent, light blend 38 API, fob U.K., US Dollars per Barrel
 
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S2007S said:
You know what's really amusing is that not one person predicted the price of oil plummeting, I remember a few weeks ago everyone saying that oil would see the 80's before it would see the 60's......now oil is in the 50's and this is when the game gets interesting, projects are going to shut down, billions that were going to be spent are now not going to be spent, all the oil fracking going on is fine at $80, $90, $100+ oil but under $60 and they will start cost cutting, some will shut down and the biggest in question that could really put heavy selling pressure on equities is the credit markets getting crushed...i read that 15-20% of the high yield debt market is exposed to the energy sector, this could cause major problems in the credit markets just like the sub prime fallout back in 2007-2008.
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Sounds like something private equity guys will be drooling over! And maybe the established un-leveraged producers.
 
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