@JaneWilliams 1 month ago
Thoughts on oil stocks?
Thoughts on oil stocks?
North American based oil companies (, EXXON, SHELL, CHEVRON, and XLE ETF) are lower right now than they were a month ago. The US is now blocking oil from Hormuz and sending them to the US ports, which should, over time, come at a higher and higher premium and result in tasty profits.
If I believe this war to continue much longer, is there any reason I shouldn't buy a bunch of these tickers? What's the bear case?
@ProduceCut309 1 month ago
Bull case makes sense, but bear case is simple, if tensions ease, oil drops fast and these stocks give it all back. Plus demand risk if economy slows. Timing matters a lot here.
@Hudsonriley 1 month ago
Tempting, but if tensions cool, oil (and names like ExxonMobil) can drop just as fast.
