Financial Markets Meltdown

[KGB]

Originally Posted by thenaturalwoodsman

Did the Russian war stop? Did the scam of Covids 20th wave again lock the world down? Is there all of a sudden endless Oil for the demand in the World? Is Hurricane season over before it really starts? Are people sitting at home? NO the answer in my opinion is NO! While I personally don't necessarily like the stock markets between May-September on any year, I couldn't sell this time as I believe(d) that the world was opening up, planes, trains, automobiles everywhere I go its busy. Airports specifically are a zoo! I continue to hold Oil stocks and most from way low in the early days of the market crash of Covid (28 months ago) June 7th 2022 was so far the peak of my oil portfolio performance. My personal belief threw this is that because we have LibTards running USA/Canada and for them to be able to push/brainwash "Green EV" on people we will have to have high Oil price at some point (Not talking $100 Oil). You cant brainwash people who are on the fence about Oil/EV without actually having high Oil prices to blame it on, you just simply cant. So I wait for my exit of either March 2023 or an actual high Oil price somewhere between now and March.

Today's noise in the oil market was brought on by some no name from CITI, maybe desperate Biden called for it, after all Bidens mid term November 8th 2022 is not far away and he has failing grades from the american people right now for high fuel costs. So maybe we do go to $80 wti for a bit but I believe we have to test some high Oil highs.... These are my thoughts only and not in any way investment advice. Time will tell and everyone has different risks, timelines, and strategies... But good luck to all investors.

I agree on most of what you said. Today reaction was to the very bright possibility of the recession and predicted oil prices collapse to $60-80… Still, it hurts to look at my oil stocks. On the other hand, I don’t understand why it reacted this way because yesterday one of the economists said he is seeing the oil prices going to $300-400…. It looks like market only reacts to the bad news, and reaction is severe….Lots of oil stocks are down almost 10%….

[Jim Blake]

Yep CITI was touting 65 bucks and JPMorgan were in the mid to high 300's.

[thenaturalwoodsman]

Originally Posted by KGB

I agree on most of what you said. Today reaction was to the very bright possibility of the recession and predicted oil prices collapse to $60-80… Still, it hurts to look at my oil stocks. On the other hand, I don’t understand why it reacted this way because yesterday one of the economists said he is seeing the oil prices going to $300-400…. It looks like market only reacts to the bad news, and reaction is severe….Lots of oil stocks are down almost 10%….

Citi has been calling over supplied since I was a baby. They are owned by the democrats. Ignore a well financed shorting machine when the real market inventories show depletion and drops. I see no slowdown anywhere, rather busy everywhere I go. Restaurants, movies, golf, lakes, hotels, no one is cutting back. My personal experiences with family/friends and people who maybe don't do much are going hard right now. I see no slow down but today was oil market manipulation I am telling you Biden is straight up desperate and the world knows it, and his presidency depends on an oil oil/fuel price fix or some blame even if its short term he needs it.....

[Dean2]

Guys - you all know that listening to the flapping yaps on TV is a real mugs game. Each one tries to say something that will get them the maximum quoted replays. No one ever goes back and holds them accountable for being completely wrong. Now there were a few guys fired for shorting the Canadian Banks over the past ten years, and losing literally tens of Billion doing it, but think just how much they have to screw up to get punted.

On top of that CITI was VERY clear, this is not what they are forecasting it is only one of a great many scenarios they ran through. Of course the MSM only quotes the most outlandish bit of tripe because clicks are everything. If you are momentum or day trading, keeping up on this info is important. If you are investing for the medium to long term and listen to this crap, you will drive yourself nuts, and end up making a lot of really bad decisions.

KGB - given what you told me about your history in oil stocks, please stay out of them, you are jinxing them for the rest of us.

[thenaturalwoodsman]

Originally Posted by Dean2

Guys - you all know that listening to the flapping yaps on TV is a real mugs game. Each one tries to say something that will get them the maximum quoted replays. No one ever goes back and holds them accountable for being completely wrong. Now there were a few guys fired for shorting the Canadian Banks over the past ten years, and losing literally tens of Billion doing it, but think just how much they have to screw up to get punted.

On top of that CITI was VERY clear, this is not what they are forecasting it is only one of a great many scenarios they ran through. Of course the MSM only quotes the most outlandish bit of tripe because clicks are everything. If you are momentum or day trading, keeping up on this info is important. If you are investing for the medium to long term and listen to this crap, you will drive yourself nuts, and end up making a lot of really bad decisions.

KGB - given what you told me about your history in oil stocks, please stay out of them, you are jinxing them for the rest of us.

Trust me from the start of this thread I have been vocal about oil stocks long before anyone on this thread even clued in.... Day to day I do not listen or care, I was simply telling others what I see and personally believe, however I do pay attention daily, I am Oil heavy. I have a plan and an exit as stated above.

[Dean2]

Originally Posted by thenaturalwoodsman

Trust me from the start of this thread I have been vocal about oil stocks long before anyone on this thread even clued in.... Day to day I do not listen or care, I was simply telling others what I see and personally believe, however I do pay attention daily, I am Oil heavy. I have a plan and an exit as stated above.

Glad to hear you are doing well with the energy side. That said, could I suggest you go back to about post 1300 and read forward. You may also wish to review your posts prior to that time because they don't really align with someone who was heavily into oil from the start of this thread or called that ball early. You do know that you can easily search any thread for posts by a particular person?

[thenaturalwoodsman]

Originally Posted by Dean2

Glad to hear you are doing well with the energy side. That said, could I suggest you go back to about post 1300 and read forward. You may also wish to review your posts prior to that time because they don't really align with someone who was heavily into oil from the start of this thread or called that ball early.

Well I suggest when the Covid sky was still falling in your world some of us entered, and are still in.

[thenaturalwoodsman]

As far as me or anyone else doing well in energy money is never made or lost until it’s sold. You just gotta have a plan and everyone is different.

[KGB]

Originally Posted by Dean2

KGB - given what you told me about your history in oil stocks, please stay out of them, you are jinxing them for the rest of us.

No sh$t man! Lol, ok then, I just need this stock to go back to $4.50 or so - need to recover my mulla!

[Trochu]

Figured energy would rebound this morning given the massive drop yesterday. Nope!

[Twisted Canuck]

I was scared to see where I landed after yesterday, expecting the worst...And lo and behold I was up slightly more then 1%. Seems like money is moving into boring old value stocks that pay dividends?

[fishtank]

Originally Posted by Trochu

Figured energy would rebound this morning given the massive drop yesterday. Nope!

Biden need cheap oil/gas to pass the midterm …. Wait til hurricane’s season or the electricity grid goes down .

[thenaturalwoodsman]

Originally Posted by fishtank

Biden need cheap oil/gas to pass the midterm …. Wait til hurricane’s season or the electricity grid goes down .

Yes sir his presidency depends on it!!!

[tranq78]

Originally Posted by Twisted Canuck

I was scared to see where I landed after yesterday, expecting the worst...And lo and behold I was up slightly more then 1%. Seems like money is moving into boring old value stocks that pay dividends?

Stop it TC. Right now.

Shhh. Hush. Quiet. No talking. You wanna let everyone in on the secret? Sheesh.

Do not jinx. Please and thank you.



Sent from my SM-G781W using Tapatalk

[bdub]

Originally Posted by KGB

I knew I should’ve stayed away from the oil stocks…

You must have been late to the party. I see it as oil stocks were the last sector to get slapped around in a weak market. Tourmoline is still up 54% YTD, Suncor up 34%, CNQ up 18%, Pembina up 15%.

[Dean2]

Originally Posted by bdub

You must have been late to the party. I see it as oil stocks were the last sector to get slapped around in a weak market. Tourmoline is still up 54% YTD, Suncor up 34%, CNQ up 18%, Pembina up 15%.

KGB just likes to complain, he forgets to mention he got Pembina at 37, and even with the pull back it is still over $45. I also agree with your comments on oil in genral. FRU, Vermillion, Whitecap Peyto as well as the ones you mentioned have pulled back but are still way above where they were 12 months ago.

There is a lot of manoeuvring going on, including outright lies from sympathetic "experts", releasing millions of barrels from Strategic Reserve, and commercial inventory still dropped, to try and get oil down so Biden doesn't get wiped off the map in the mid-term elections. Problem they can't solve however is there is a lot less supply than demand. They won't be able to suppress demand unless they force a full blown recession and that would kill him in the midterms too. Like I always say, don't bail here at the bottom, patience will be rewarded, we are not going to $50 oil any time soon or for very long. Even at 80 bucks the oil companies are raking in the cash, finally.

[fishtank]

Does The EU have a debt problem ? Euro is at par with Usd …might be another Greece in the making .

[Dean2]

Originally Posted by fishtank

Does The EU have a debt problem ? Euro is at par with Usd …might be another Greece in the making .

So lets see, rampant Covid spending, highly socialist policies which mean few workers who pay very high taxes to pay for all those that don't work, companies moving out due to over regulation and high taxes, out of control immigration and they still can't fill the empty jobs, over reliance on green energy to the tune of hundreds of billions invested/blown because it doesn't actually supply the needs so have to meet actual energy needs with Russian oil and gas, no longer grow their own food, have to import that from the Ukraine among others. The only truly solvent economies were Germany and England. England left, so Germany is shouldering a massive amount of the EU obligations. I can't for the life of me see how that could lead to a problem. There is a very good reason I have ZERO exposure to the EU countries, China or New Zealand and Australia for that matter. Canada and the U.S., and if Trudeau keeps it up, it will be all U.S.

[bdub]

Originally Posted by Dean2

KGB just likes to complain, he forgets to mention he got Pembina at 37, and even with the pull back it is still over $45. I also agree with your comments on oil in genral. FRU, Vermillion, Whitecap Peyto as well as the ones you mentioned have pulled back but are still way above where they were 12 months ago.

There is a lot of manoeuvring going on, including outright lies from sympathetic "experts", releasing millions of barrels from Strategic Reserve, and commercial inventory still dropped, to try and get oil down so Biden doesn't get wiped off the map in the mid-term elections. Problem they can't solve however is there is a lot less supply than demand. They won't be able to suppress demand unless they force a full blown recession and that would kill him in the midterms too. Like I always say, don't bail here at the bottom, patience will be rewarded, we are not going to $50 oil any time soon or for very long. Even at 80 bucks the oil companies are raking in the cash, finally.

There sure is alot of effort to get oil prices down. They have done all they can do, SPR releases, manipulation of the futures market, begging for increased supply from crap holes around the world etc, etc. Even a full blown recession will only drop demand by about 2 million bbl/day, and recessions don't last forever. Nothing is meaningfully addressing the supply side like you say.

On the company side the producers are in fantastic shape, pounding away at the debt, buying back shares and giving cash back to investors. They are not investing in increasing supply to any huge degree after being blackballed by the political process for years. CNQ bought back and cancelled something like 15 million shares this past month I believe if I recall correctly.

I agree, hang in there for the long term. These corrections come and go but the fundamentals are still solid IMO. The market is driven by emotion in the short term, long term the fundamentals prevail.

[bdub]

Originally Posted by fishtank

Does The EU have a debt problem ? Euro is at par with Usd …might be another Greece in the making .

They are screwed. Russia has them by the throat. Something has to give by winter. I've been watching the USD steamroll everything, the DXY was hitting in the 95 level back in January and is now at 107 this morning when I wrote it down. Not only is Europe screwed, this will roll through other markets around the world. Something is going to break guaranteed.

[fishtank]

Originally Posted by bdub

They are screwed. Russia has them by the throat. Something has to give by winter. I've been watching the USD steamroll everything, the DXY was hitting in the 95 level back in January and is now at 107 this morning when I wrote it down. Not only is Europe screwed, this will roll through other markets around the world. Something is going to break guaranteed.

I assume the European market and Chinese market break first before the NA market. Just something to pay attention to. Germany recently scaled back some coal plants shut down, due to gas supply issue for the gas powered plants … ironic

[kamui]

I want to start own business too

[Twisted Canuck]

You get right on that partner. Thanks for dropping in.

[fishtank]

Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday

[badbrass]

Wow!

Originally Posted by fishtank

Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday

[jstubbs]

Originally Posted by fishtank

Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday

Hang on tight fellas!!

[Jim]

The faster they raise interest rates the faster I can start low balling people on Kijiji who are trying to sell their toys to pay the variable mortgage and Helocs.

[Jim Blake]

Originally Posted by fishtank

Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday

No doubt. It's just the beginning!!

[pikeman06]

Originally Posted by Jim

The faster they raise interest rates the faster I can start low balling people on Kijiji who are trying to sell their toys to pay the variable mortgage and Helocs.

Bahaha...you know it bud. Low ballers dream come true. Making room in the garage as we speak.

[roper1]

Originally Posted by Jim

The faster they raise interest rates the faster I can start low balling people on Kijiji who are trying to sell their toys to pay the variable mortgage and Helocs.

Hehe