Actual retard here

[Anonymous No.18573138]

>Oil is down to $5
>Oil stocks are barely moving
What does this mean

[Anonymous No.18573185]

>>18573138
Cheap oil

[Anonymous No.18573225]

>>18573138
Priced in. People know to buy oil stocks because of the very obvious return

[Anonymous No.18573241]

>>18573185
But why are oil company stocks not freefalling? Is the market going to crash again?

[Anonymous No.18573247]

>>18573138
something something futures contract something

[Anonymous No.18573264]

>>18573241
>But why are oil company stocks not freefalling?
brrrrr
>Is the market going to crash again?
anything that brrrrr doesn't buy will crash, btc included

[Anonymous No.18573279]

Bailout imminent.

[Anonymous No.18573315]

Full retard here
how do I buy oil

[Anonymous No.18573327]

>>18573225
That implies things go back to normal and fast.
Already their are people, young people, reporting they have been sick for 50 days and not getting better. You also have people who developed a "mild" case, like this healthy 40 year old, whose lungs now look like swiss cheese. The damage by the way is permanent.
There is no normal to return to

[Anonymous No.18573344]

>>18573315
>Full retard here
>how do I buy oil
checks out

[Anonymous No.18573362]

We're gonna see some shit

[Anonymous No.18573385]

>>18573264
>anything that brrrrr doesn't buy will crash
good thing everyone got $1,200 then

[Anonymous No.18573393]

>>18573138
Its pretty simple. Central banks are buying bonds for cash from big banks, hedge funds etc... the big banks and hedge funds then use that cash to buy stocks across the board. Doesnt matter what oil is at. The deal was you get cash for bonds and you prop up stocks with said cash.

[Anonymous No.18573407]

>>18573344
;(
pls tell me

[Anonymous No.18573415]

>>18573138
your cfd is down to 5 usd

[Anonymous No.18573451]

I cant believe it hit $5 a barrel. HAHAHAHHAHA that is fucking insane

[Anonymous No.18573457]

$3$3$3$3$3$3$3$3$3$3$3

[Anonymous No.18573519]

$2$2$2$2$2$2$2$2$2$2$2$2$2

[Anonymous No.18573532]

>>18573407
dont buy oil, my friend.

[Anonymous No.18573608]

>>18573138
so how exactly do we gain from this situation? how do we profit off of this?

[Anonymous No.18573647]

>>18573138
i'm no commodities guy but i'm pretty sure todays drop is about future contract pricing on the WTI, brent is just down 5%. once the may contracts roll over you will see a completely different "price" for WTI oil

[Anonymous No.18573651]

>>18573608
how many tanker trucks do you own? buy oil, go to port, take delivery, and wait

[Anonymous No.18573653]

>>18573407
Use your fucking brain, dude!!!

[Anonymous No.18573672]

>>18573138
WTI doesn't measure the price of oil in the normal sense of the word.
To buy it at 5$ you need to take delivery of it right now. Which companies aren't able to do because they can't store it because everything is full. So this is essentially an auction without customers so the price tanks.
Future oil, that is oil that you can take delivery of in the future, is still much higher priced and hasn't fallen like "today oil" has. Companies have fate in their ability to successfully take delivery of oil in the future and are therefore bidding up that price.
Oil companies mostly remain unaffected because everyone realizes that 5$ oil is a temporary result of a fucked up pricing/delivery system. The future revenues of oil companies look just as good today as they did last week, nothing has changed in that regard, and the "future price" of oil proves it.
Also, a lot of US Shale producers will go bankrupt because of this, leading to less US Oil production. This is actually extremely good for other oil companies. Anyone with the cash to weather this storm, like most top oil companies, stand to benefit tremendously on the other side of this as they can produce more. Furthermore we are also beginning to see some big time protests to open up economies around the world again, so the "return to normal" also looks to happen faster than anticipated, which is obviously also good for the oil companies.

[Anonymous No.18573680]

>>18573407
sorry bud you had to be priced in already

[Anonymous No.18573738]

>>18573672
JUN futures are over 80% long. It's going to crater the fuck down

[Anonymous No.18573767]

>>18573608
you’re too late retard

[Anonymous No.18573808]

>>18573315
you could buy a call option on oil (strike at the current price). i don't want to sound like a redditfag who is sure to be the next waren soros but you should the underlying instruments, like CFS, Futures, Options and so on, before you throw more than beer money at it. every barrel, ship are other storage for oil is full. the demand is low as fuck and even if it grows there will be enough oil short term. the V-shaped recovery is a meme. this virus is probably a bioweapon and people all over the world call it a nothingburger cause the whole scenario evolves more slowly than in movies but it will last longer. maybe we can make a few bucks gambling but tbqh i won't go all in. there is no safe bet.

>>18573327
this. GOD save us.

[Anonymous No.18573819]

>>18573327
more info on this please. I had what I thought was mild but my chest has hurt for one month with no other symptoms.

[Anonymous No.18573841]

>>18573315
>>18573407
>>18573608
unless you have total understanding of futures contracts you should just stay away. we're seeing a super contango in the WTI market which means the front end of the delivery curve is heavily discounted. WTI is not "actually" at 3 dollars per barrel, only the May contracts are

[Anonymous No.18573844]

>>18573672
>we are also beginning to see some big time protests to open up economies
You mean the dozens of people in front of state capitals that are being organized by an organization connected Betsy Devos?
Its pure AstroTurf to by the administration to try and sell their strategy to open up quickly by pointing to those people and saying look the people want to open up now.
You better accept the fact the virus is not going away and there will never be a vaccine. Normal is dead and you better learn to price that in

[Anonymous No.18573872]

>>18573672
Most of the threads on oil today are by NEETs and raging schizophrenics who are all of a sudden experts on the oil industry and the commodities markets. I'm not even bothering to try and correct any of them, because it's just a howling chasm of autism. Like usual.

[Anonymous No.18573890]

>>18573819
get a ct scan, if you can. One of the first reported cases of a child being infected from china was classified as asymptomatic and his lungs looked like that. You could end up with permanent reduced lung capacity

[Anonymous No.18573905]

>>18573241
Basically oil is an essential commodity. Global demand is down like 30% this year, storages are full, production is being shut in so prices have crashed. But if the economy recovers (which it probably will) oil demand will go up with it. Oil companies aren't like bullshit billion dollar companies with an app. They have billions of dollars worth of steel and facilities (i.e. essential infrastructure), thousands of engineers, billions of barrels of reserves. There's a lot of value there.

That said, some companies will die in this crisis (especially small US independents) but the big independents and national oil companies are cutting costs like crazy and holding their breath until the economy recovers.

[Anonymous No.18573931]

>>18573385
ye votes are safe you can buy those with brrr

[Anonymous No.18573949]

>>18573672
Thanks. I still sift through hundreds of posts of utter shit for the few anons that provide quality info.

[Anonymous No.18573950]

>>18573647
This exactly but every retard on this board buying is going to get fucked over

[Anonymous No.18573957]

>>18573608

YOU PROFITED BY LISTENING TO ME AND BUYING SHARES OF OIL TANKERS 2-3 WEEKS AGO LIKE I WAS SHILLING the whole damned time

now shut your whore mouth and wait for the next swing trade

[Anonymous No.18574035]

>>18573241
>Is the market going to crash again?

corporate profits will keep falling but trump found one weird trick to protect the net wealth of investors

[Anonymous No.18574047]

>>18573841
But if the May contracts got this low, doesn't it bode very badly for the June contracts?

[Anonymous No.18574086]

>>18573393
> fonds of all kind bought risky undergrade bonds, leveraged loans and whatsoever
> corona crash
> everyone out of business
> supply chains broken
> no demand
> nobody there to meet demand
> great sell off
> everything
> thechartsarebleeding.jpg
> central banks buy my trash with printed cash
> my ass saved
> lots of cash, no gains, inflation
> central banks created money out of thin air which pushes inflation even further
> buy stonks with cash now
> stonks go up

[Anonymous No.18574142]

>>18573819
pulmonary fibrosis iirc
cant be treated, even mild cases can have it
I think the real trick is that the virus is recurrent and difficult to develop a vaccine for so the more often you contract it, the more lung scarring you accumulate

[Anonymous No.18574147]

>>18574047
yes it does and they could very well trend down throughout may to where we'll end up in a similar situation a month from now

[Anonymous No.18574193]

>>18573647
What does that mean for the people who entered the future contract at 52$

[Anonymous No.18574333]

>>18573327
>muh anecdotal evidence
Far more people have gotten sick and recovered without side effects.
You are right that we won't go back to normal, but it won't be because this is some super deadly virus, it'll be because governments are retarded and mishandling the situation.

[Anonymous No.18574380]

>>18573672
this is the post

[Anonymous No.18574416]

>>18573327
Source on that image my good man?

[Anonymous No.18574458]

>>18573327
>source: my ass
kys doomer

[Anonymous No.18574472]

>>18573890
i had that from december to january (in europe). i feel like i lost some lung capacity. had a terrible coughing.

[Anonymous No.18574607]

[Anonymous No.18574618]

>>18574047
Any chance of the pipeline flow into cushing reversed to sell the oil in the gulf at price closer to brent?

[Anonymous No.18574666]

>>18573138
Because it's a temporary situation

Price of Oil is low NOW but won't be in the future

[Anonymous No.18574673]

>>18573138
ppl too busy firesaling their oil, didn't get around to firesale the oil stocks but that's obviously next

[Anonymous No.18574701]

>>18574416
>>18574458
This one shows the percentage of "asymptomatic" cases that develop ground glass opacities
https://archive.is/SBCKv
This one is about permanent lung damage
https://archive.is/45np7
Have fun

[Anonymous No.18574715]

i have an oil port literally a few miles away from me? can i just go order a delivery to my house or something? got about an acre of land.

[Anonymous No.18574792]

>>18573957
Have 6000 DHT, but it was my idea. Or anyone with a brain's idea.

[Anonymous No.18574817]

>>18573315
Go to the gas station

[Anonymous No.18575796]

Holy shit, it went negative

[Anonymous No.18575967]

>>18575796
b-bros? is this possible or just a bug?

[Anonymous No.18576126]

>>18575967
it's possible since there are no buyers. and the producers can't just start dumping oil in their backyard when they reach max storage capacity. shutting down wells takes time and costs money

[Anonymous No.18576158]

hey I'm european but I'm willing to buy a couple of your barrels for -4$ this is my best offer since some of them are a bit scratched

[Anonymous No.18576181]

>>18573138
Idk but there is a big random blue plane circling NYC

[Anonymous No.18576354]

>>18575967
How does that even work? Are you just not allowed to buy or do they pay you to take oil futures?

I put a few grand into some oil ETF's today, maybe a bad call, but for these giant oil companies I could see the US govmt just brrrr'ing them back if things get too bad.

[Anonymous No.18576422]

>>18576158
lmao ill take them for only -40 nothing more...i mean less...

[Anonymous No.18576560]

>>18573138

[Anonymous No.18576829]

>>18576181
lmao