The Rokslide Stock Traders Thread

[Sawitrightoff]

Didn’t Trump say that the U.S. has all the oil it needs, and only 1% of what goes through the Strait, has a U.S. effect? Then why did U.S. prices jump? Are the oil companies gouging the U.S. citizens to reduce pain of others?

 

[wyosam]

Didn’t Trump say that the U.S. has all the oil it needs, and only 1% of what goes through the Strait, has a U.S. effect? Then why did U.S. prices jump? Are the oil companies gouging the U.S. citizens to reduce pain of others?

Because it’s a global commodity. We can say oil from that region doesn’t affect us, but a supply disruption anywhere on the planet drives the price of oil up. The idea that being able to meet all our oil needs domestically means price protection is a fallacy. Always has been, always will be.


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[Q_Sertorius]

Didn’t Trump say that the U.S. has all the oil it needs, and only 1% of what goes through the Strait, has a U.S. effect? Then why did U.S. prices jump? Are the oil companies gouging the U.S. citizens to reduce pain of others?

Trump is correct that we have a sufficient supply. But when global prices rise, our oil becomes more valuable on the world market. Which means that our domestic prices will rise. Which usually makes it possible for marginal fields to increase production and add to the supply. When global prices fall again, those marginal fields will shut down again.

 

[eddielasvegas]

According to the estimate I just ran, end of October is when it hits 40T, so that would be Q4, but there may be some variables I’m missing.

I'll stick to my original SWAG of Q3-ish.

To wit:





Eddie

 

[Poser]

Touche.

If you spread the interest out on this 200b over the course of 30 years, it will end up adding almost 500b to the deficit, not adjusted for inflation (which it will ultimately contribute to).

I'll stick to my original SWAG of Q3-ish.

To wit:

View attachment 1039525



Eddie

 

[Pgidley]

Been doing a bit of research on ASTS. It seems promising, and its price is currently close to all-time low. Wondering if anyone else here has a position or any thoughts. I'm following the "invest in what you use" rule, as this is something I would love to be a reality (worldwide cell coverage).

Funny I just came across my old comment here. It was trading at around $6 when I made this comment, today at around $90 with a $129 high. Made me a nice chunk of cash, but in hindsight I should have had even more confidence. Haven't sold a share and don't plan to until the services is either in full operation or worth $0. Curious if anyone else got into this in the time since?

 

[silasbowhunter]

Funny I just came across my old comment here. It was trading at around $6 when I made this comment, today at around $90 with a $129 high. Made me a nice chunk of cash, but in hindsight I should have had even more confidence. Haven't sold a share and don't plan to until the services is either in full operation or worth $0. Curious if anyone else got into this in the time since?

Since you’re proven, what’s your pick for the next 4 years


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[BigDog00]

Any GTE bag holders still hanging out? I'm finally back to above break even. I think it's going to the moon so I'm going to hold.....just kidding, I've got sell orders set to hopefully make a small profit and drop this dog.

 

[CorbLand]

Any GTE bag holders still hanging out? I'm finally back to above break even. I think it's going to the moon so I'm going to hold.....just kidding, I've got sell orders set to hopefully make a small profit and drop this dog.

My sell order is set at break even and I bought some shares a while back to try and lower that average. I have a bit before it will execute, if ever.

 

[MountainTracker]

I'll stick to my original SWAG of Q3-ish.

To wit:

View attachment 1039525



Eddie

That will bump it along, plus new sec come May.


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[FLHunter87]

Palantir may be a good one. I bought a decent amount a few weeks ago. Saving money for the SpaceX IPO during Summer. There will be money made in that for sure. Other than that I’m good with my investments for now. Most of this is for retirement or my kids as well. I have my company stock as well for retirement/personal use and recently sold a good chunk because of the 4.5x return. Might as well cash in a little bit right?!

 

[BigDog00]

My sell order is set at break even and I bought some shares a while back to try and lower that average. I have a bit before it will execute, if ever.

I considered buying more as well but didn't. I've only got 100 shares left so not much of my original position.

 

[Pgidley]

Since you’re proven, what’s your pick for the next 4 years


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Sorry I'm all index funds except for ASTS, I simply found it by googling an issue that I didn't understand why there was no solution to yet, and found that someone was working on it. I had a good chunk of Palantir also, but I sold on the runup when it was in the 80-100 range, thinking it was overpriced then...At least i dumped those gains into ASTS.

I've been keeping an eye on a small company called Quebec Innovative Materials Corp (QIMC). Natural hydrogen. I have a very small position and still educating myself....otherwise I think there is still a ton of room for ASTS to grow, they don't even have a full constellation up yet.

 

[Sawitrightoff]

Trump is correct that we have a sufficient supply. But when global prices rise, our oil becomes more valuable on the world market. Which means that our domestic prices will rise.

So again, the oil companies are gouging US customers, when they don’t need to, just because it brings a higher price abroad.

 

[Q_Sertorius]

So again, the oil companies are gouging US customers, when they don’t need to, just because it brings a higher price abroad.

That’s how free markets work.

 

[grfox92]

So again, the oil companies are gouging US customers, when they don’t need to, just because it brings a higher price abroad.

That's not gouging. Its selling the oil for market value. What company sells their products below market value?

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[Poser]

So again, the oil companies are gouging US customers, when they don’t need to, just because it brings a higher price abroad.

It is a global market for oil. The US exports and imports oil of different types. The only way you could have a separate price for the US market is to decouple US oil from the global market. However, that would require significant investment into the refining infrastructure by the oil companies, which wouldn't make sense for them at the reduced profit margins compared to the global markets. If anything, that would actually encourage oil companies to invest elsewhere on the globe and devest from the US. The "lite" version of this was tried during the 1970s oil crisis and it was a financial disaster.

If you want US oil production decoupled from the global oil market, then it would require the federal government to seize and fully nationalize the entire oil market like it were the US Postal Service, which could potentially result in cheaper gas prices for the US after proper investments were made into infrastructure (which would take several years) , but would make the US the economic pariah of the entire world.

 

[Beendare]

It is a global market for oil. The US exports and imports oil of different types. The only way you could have a separate price for the US market is to decouple US oil from the global market. However, that would require significant investment into the refining infrastructure by the oil companies, which wouldn't make sense for them at the reduced profit margins compared to the global markets. If anything, that would actually encourage oil companies to invest elsewhere on the globe and devest from the US. The "lite" version of this was tried during the 1970s oil crisis and it was a financial disaster.

If you want US oil production decoupled from the global oil market, then it would require the federal government to seize and fully nationalize the entire oil market like it were the US Postal Service, which could potentially result in cheaper gas prices for the US after proper investments were made into infrastructure (which would take several years) , but would make the US the economic pariah of the entire world.

I think you are only partially correct. The oil situation is much like how the US has offshored jobs for decades and now we realize, "Hey it's in our national interest to make some stuff here" for obvious reasons.

It's the same with the oil industry in the US. One doesn't have to look far for examples. Newsom has hammered the oil companies here in CA with unfeasible regulations to the point where oil companies and refineries are leaving.

The Federal Regs under the last admin were such that no oil company is going to invest many billions in a new refinery in the US. The admin now is more amicable but they know how policies in the US takes wild swings and it would be a dice roll to spend billions and then have a Newsom like politician that panders to hack environmentalists get elected and shut them down.

We need common sense regulations.....and until we get a Congress that is for the people instead of the current for themselves, we won't get effective change.

Markets now; I think it's all about positioning myself for the boom that will come after the Iran thing settles.

 

[Broomd]

Any GTE bag holders still hanging out? I'm finally back to above break even. I think it's going to the moon so I'm going to hold.....just kidding, I've got sell orders set to hopefully make a small profit and drop this dog.

Yeah, I'm with you, up some thousands, hoping to part ways with this one after six years. The R/S was devastating for that equity, as well as Marxist Petro's election. I was sick watching my 50,000 shares become 5,000. That reverse split was a four year neck slice.

The mighty PR (cdev) hits $20+!!!!! Congrats to all who have held this investment of a lifetime!!
I exited at $17.30 for the third time recently after a dip purchase 21 months ago so this one stings a bit, but after $400,000 in gains with that one I can't complain. Happy for all who took that chance, this one really was special.

 

[Broomd]

That's not gouging. Its selling the oil for market value. What company sells their products below market value?

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OIL companies have taken it up the @ $$ with Trump in office, I'm happy for their prosperity, it is long overdue.