The Rokslide Stock Traders Thread

[Johnboy]

They best way to buy anything long term is to dollar cost avg, because nobody knows the top or bottom. If you were to buy a starter at some point, then add day every single paycheck or once a month what ever long term for the next 10 years that’s the safest, pretty much what out 401k’s do.

I still see downside with current world problems, but who knows, housing is crazy, oil over $100 in sight (people are buying $200 Dec 2022 oil calls now!), inflation, China in a disaster right now.

I’m just playing day by day, react to each days news I guess. I still don’t have it mastered, but I’m bound and determined to get it down!

This is some current happenings in China, that makes me a little nervous! Basically tied us for largest economy

Coop, what oil stocks would you suggest for such a run coming into winter? I currently hold BORR, CDEV, CPE, FET, GTE and XOM, in no particular order. BORR is the only turd in the bowl at the moment.

 

[EastMT]

I’m not a very good oil guy, Broomed is the man there. I don’t have the paytience for those long ones, I let the smart people managing my 401k handle that stuff!

 

[Johnboy]

Coop, what oil stocks would you suggest for such a run coming into winter? I currently hold BORR, CDEV, CPE, FET, GTE and XOM, in no particular order. BORR is the only turd in the bowl at the moment.

@Broomd, as the resident oil tycoon, any thoughts on this question?

 

[Broomd]

@Broomd, as the resident oil tycoon, any thoughts on this question?

Ha, I wish.
John, you gotta be sitting on some great gains at this point...
I'm watching my O&G closely. Coop mentioned $200 oil, if it hits even half of that the gains in your portforlio should be meteoric. With the current WTI the companies are paying down debt, some are even talking divi's and share buybacks. We could be in for an historic oIl bull run. Natural gas is at time highs, Europe is out of gas, it's a disaster over there. ....OPEC this week will determine the next step.

The whole market feels like it could implode in the next year and yet we still hear from many who warn to not be on the sidelines when the DOW hits 40K by EOY '22.
I wish I had the answers, but oil should be safe for some time. IMHO.

Magic 8 ball.....

 

[Sam Colt]

Second Evergrande debt payment is due in late October. If they miss the date the ripple could be epic. Their liabilities alone are reportedly 3-4 percent of China's entire GDP. According to the Hudson institute, non-bank debt in China has exploded to 160% of GDP. 160%! That's ridiculous.

 

[Broomd]

Good news/bad news...
Bad news first, as AMPY which was killing it, will be liable for yesterdays spill off of Kali. *^&^%!

Good news,
WTI Crude
78.09 +2.21 (+2.91%)

Guess Cathy Wood is fulla sh t. OPEC+ sticks with their plan.

Might we see $8 with CDEV this week?
BORR, GTE etc. up....

 

[DenverCountryBoy]

Good news/bad news...
Bad news first, as AMPY which was killing it, will be liable for yesterdays spill off of Kali. *^&^%!

Good news,
WTI Crude
78.09 +2.21 (+2.91%)

Guess Cathy Wood is fulla sh t. OPEC+ sticks with their plan.

Might we see $8 with CDEV this week?
BORR, GTE etc. up....

Amplify Energy Stock Tumbles After California Oil Spill

The oil and natural-gas company has shut down all of its production and pipeline operations in the area as a precautionary measure. Shares fell more than 40%.

www.wsj.com

Back in 2010, I bought BP during their oil spill dip. As a long term hold, it worked out well. They price came back up after the uncertainty of the lawsuits were settled.

I will be following this one closely.

 

[switchback7]

Do i buy back into GTE and CDEV ?

 

[Bucky]

Do i buy back into GTE and CDEV ?

Seems to me like you could make a quick 10-20% with Q3 numbers coming out within the month.

 

[switchback7]

Seems to me like you could make a quick 10-20% with Q3 numbers coming out within the month.

i bought back in as i was asking the question lol

 

[Broomd]

i bought back in as i was asking the question lol

At the very least in the long term you should be golden.

 

[NorthernMN]

Anyone getting brave and buying AMPY at 50% off?

 

[EastMT]

Anyone getting brave and buying AMPY at 50% off?

At premarket selloff a good scalp would have been money. California gonna be hard on ampy, like they were with PG&E.

 

[go_deep]

Anyone getting brave and buying AMPY at 50% off?

I'll wait and see if it goes to 80% off.

 

[Jdhunttrapfish]

Anyone getting brave and buying AMPY at 50% off?

I bought a couple cheap calls, we'll see what happens

 

[Broomd]

Anyone getting brave and buying AMPY at 50% off?

"Officials are looking into whether a ship's anchor may have struck an oil pipeline on the ocean floor, causing a major leak of crude into waters off Orange County."
More....
"Amplify Energy Corp. is getting close to “a source and a cause” of the incident, which may have been caused by a ship’s anchor, Chief Executive Officer Martyn Willsher said at a press conference Monday. The spill that began on Saturday dumped about 3,000 barrels (126,000 gallons) of crude into the Pacific Ocean near the seaside community of Huntington Beach, which hosted the U.S. Open of Surfing last week."

This makes sense as AMPY's CEO stated that the company just had conducted a mandated recent inspection of their pipeline and infrastructure.
Given that this is California any semblance of common sense and proper investigation is out the door. Jumping to conclusion is the way they roll.

Edit: NTSB is involved, hopefully we get straight answers without political or green bullshit conjecture etc. whoever was at fault.

 

[Broomd]

Update...

LOS ANGELES — The Coast Guard is investigating whether a large commercial ship set anchor in the wrong location, damaging an oil pipeline and causing a spill that threatens Laguna Beach, Newport Beach and other Orange County coastal cities, an official familiar with the investigation said Monday.

The pipeline was dragged as much as 150 feet by the anchor, the official said. Vessels are given anchor points to ensure pipelines are avoided. Coast Guard investigators are examining whether the ship’s captain was aware of the dragging.

 

[switchback7]

oil doing well early.

 

[Okhotnik]

Hopefully this energy run will last til end of October. Hoping for 30 per cent gains.

I wish I had more free cash back in August to pick up deals. Might be some good tech deals if this energy run continues. Staying away from China stocks for now

 

[Okhotnik]

Do i buy back into GTE and CDEV ?

check out CPE, TGA, ESTE too. Tough question I always bought back in cdev when it dropped below 4, then 5 this year GTE around. .50. They won't drop that low for awhile Im thinking. Have a sell order gte at 1.00

If the market does what it typically has done the past year there should be some profit taking soon. Buy on dips. Remember buying near multi year highs. Might look for some deals in tech too if it keeps taking on bad days.

Pay attention to OPEC, Russia
but that's just a guess