Who’s buying oil stocks?
[quote]Phoenix44e wrote:
[quote]jasmincar wrote:
The guy who owns Tesla is a douche. I read in the newspaper today that when Boeing had a problem with their battery, he called the head office. Since he had a conversation with someone there he tells the media: ‘‘Tesla is working with Boeing to solve the problem’’. He did the same thing with BMW. Typical modern day douche.[/quote]
Well his name is Elon Musk. Do some research on him before you come to a conclusion based on something you read in the paper.[/quote]
Total douche
[quote]usmccds423 wrote:
Who’s buying oil stocks? [/quote]
Fuck and YES.
[quote]usmccds423 wrote:
Who’s buying oil stocks? [/quote]
In my retirement account I dropped over a hundred grand into VGENX. In my taxable account I bought VNR. I’ve also recently bought COP and I’d like to put more into WTI which is a long term holding (and getting slaughtered).
I have no doubt oil will eventually bottom out and cycle back up so I have no worry about VGENX but I am concerned some of these oil stocks could take critical damage and never recover.
I’m also worried this crisis in the oil market could take down the rest of the economy. On one hand it could spur the economy. Cheaper transportation, cheaper operating costs, more money in the pockets of consumers etc. If it gets too bad though it could have a domino effect going the other way.
[quote]MaximusB wrote:
Serious bidness right here. [/quote]
That’s awesome.
…and Toyota, Ford, Honda, GM and Daimler are sitting on their hands praying this is all just a bad dream.
Well, at least Nissan has the Leaf, Yay!
Seriously, Tesla is the safest investment on the planet.
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy 
I consider it an investment in my education…
[quote]usmccds423 wrote:
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy I consider it an investment in my education…[/quote]
Did the same for BP - except I bought at $40 and I’m already down, haha.
[quote]LankyMofo wrote:
[quote]usmccds423 wrote:
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy I consider it an investment in my education…[/quote]
Did the same for BP - except I bought at $40 and I’m already down, haha. [/quote]
Ya, I’ve been holding some BP stock for a while now.
[quote]usmccds423 wrote:
Who’s buying oil stocks? [/quote]
If I had more money available, I would. There is some cheap stuff popping up with these bad market days.
I wonder how much the EPA’s Clean Power Plan will effect other energy sectors. Has anyone heard about this? I can elaborate more if anyone wants to discuss.
[quote]usmccds423 wrote:
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy I consider it an investment in my education…[/quote]
I think the Saudi’s are going to crush the Ruble and U.S. shale interests for a while more and that in the short run the bottom is going to drop out of the market. Then oil is going to rebound like a fucking super-ball, unless the global economy completely collapses first. If the latter happens, no stocks are safe so you still might as well buy oil.
[quote]usmccds423 wrote:
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy I consider it an investment in my education…[/quote]
I have no idea where the bottom is. Planning on buying as much as I can all the way down though.
Makes sense.
[quote]Steel Nation wrote:
[quote]usmccds423 wrote:
Steel & Edge,
Oil seems like a pretty logical choice right now. Do you think the market is going to drop even lower?
I bought a few shares in EXXI (In a small account I just play around in). Hopefully it wasn’t premature. I have no real strategy I consider it an investment in my education…[/quote]
I have no idea where the bottom is. Planning on buying as much as I can all the way down though.[/quote]
Based on the technicals in the OIL ETF…it blew past everything and is at an all time low. I would expect it to drop until year end(same with markets. Technicals look like shit).
The new Tesla P85D (D is for dual-motor aka AWD) has 2 modes, Sport and Insane. Insane mode takes you from 0 - 60 mph in 3.17 seconds. HP is rated at 691 with 864 ft/lb of torque.
The stock is trading around $205 or nearly %30 off it’s 52 week high.
[quote]Dr. Pangloss wrote:
The new Tesla P85D (D is for dual-motor aka AWD) has 2 modes, Sport and Insane. Insane mode takes you from 0 - 60 mph in 3.17 seconds. HP is rated at 691 with 864 ft/lb of torque.
The stock is trading around $205 or nearly %30 off it’s 52 week high.
[/quote]
Elon Musk claimed that a battery with a 500 mile range is possible, although would add to the cost. Also in the works is a robotic snake car charger, that automatically connects to the car. Big thangs going on with Tesla.
[quote]Dr. Pangloss wrote:
The new Tesla P85D (D is for dual-motor aka AWD) has 2 modes, Sport and Insane. Insane mode takes you from 0 - 60 mph in 3.17 seconds. HP is rated at 691 with 864 ft/lb of torque.
The stock is trading around $205 or nearly %30 off it’s 52 week high.
[/quote]
Don’t forget Pangy, she even comes when you call her! (at least if your on private property)
[quote]on edge wrote:
Don’t forget Pangy, she even comes when you call her! (at least if your on private property)[/quote]
This is some of the coolest stuff I’ve ever read.
[quote]Dr. Pangloss wrote:
The new Tesla P85D (D is for dual-motor aka AWD) has 2 modes, Sport and Insane. Insane mode takes you from 0 - 60 mph in 3.17 seconds.[/quote]
Having actually driven a car that does 0-60 in 3.2s, Insane is certainly the right name for it. What impresses me more is that they did it with street tires.
New developments in energy storage are making this stuff pretty exciting.
Closely held QuantumScape is working on solid-state batteries as an alternative to liquid electrolytes such as the lithium-ion technology used in many electric cars today. Solid electrolytes are burn resistant and could potentially store more energy and provide more power to extend the range of electric vehicles.
QuantumScape, founded in 2010 by former Stanford University researchers, has 12 job openings, according to a LinkedIn profile for the company. In the job listings, QuantumScape says it?s ?working on a fundamental disruption in the field of energy storage.?
?I see great potential in this new technology, possibly boosting the range to as much as 700 kilometers (430 miles),? VW Chief Executive Officer Martin Winterkorn said in a Nov. 6 speech at Stanford University in California. That?s more than three times the range of the battery-powered version of the VW Golf. Tesla?s Model S has a range of 265 miles, according to its website.
Before the Iraq war, Oil was at $20 a barrel for over 10 yrs.
The Saudis can’t cut production because someone else will just pick up their lost production. They don’t have a monopoly position anymore.
I would stay away from oil until you see a solid trend forming. Let wall street get slaughtered first before you put your money in. It will not rise like 40% in a day. If oil does recover, it will take months. These things take time. The same thing happened in 2011-12 with natural gas. Just wait for the trend.
With that being said, Tesla is a solid long term investment(5-10 yrs) that could be bought now.
At the end of the day, investing is about people. People who are A players like to work with other A players. Tesla is close to all A players. The other auto manufacturers are filled with bureaucratic MBA corporate types who have no clue how to create value. They are going to get disrupted big time. I think they think that Tesla’s value proposition is about saving the environment, but it’s not. Tesla stands for something far more deeper than that. People buy the car because they want to live in the future and Tesla is closest thing to doing that. We are living in a world where nothing feels like it is moving…We all want to feel like we are moving forward…and Tesla provides that…and, that feeling is super powerful.