I didn’t want to chase the USO...it’s a complex ETF.
I HATE that this is happening but what do any savvy FReepers suggest to make a few bucks in the situation...even if we shouldn’t pull the trigger yet?
YES, I would rather make nothing and have things as they were. But I have no such power.
So...
You don’t suppose the George Soros’s of the world will swoop in to commandeer the US energy industry, do you???
I like to know how pure gas drillers, processors and pipelines situations might be any different from the oil sector, if at all. Of course, there’s a lot of overlap, but gas doesn’t face the International market quite like oil does.
So amazing that after years of making big money. They are broke after two months. At least the government should audit to see where all those billions went.
But the activity in the LNG industry will continue to rise as the demand for clean air increases, worldwide.
Democrats love this.
This is what it is all about. Greenies killing the energy sector, driving Americans into government reliance, and they race in to “save the day” with “free money” and benefits.
The only energy I’m in is propane service and a midstream natural gas company. Both pay ridiculous dividends, and are not tied to commodity pricing. However the market lumps them in with commodity prices, which is an error and makes for opportunity. See SPH and AM.
This is not good news. With less production capability then a while after the economies in the world open back up then there will be an oil shortage. Expect prices to be higher than they have ever been.
The debts will be restructured. The payments will be deferred. And possibly government guarantees will be thrown in to facilitate the process. The industry will survive this short term situation.
“Posted it to help Freepers keep from getting burned on energy stocks or to restructure their investments. “
uh, yeah, i don’t need your “help” ...
I’m up almost one third on a very large investment in Royal Dutch Shell purchases at $24.00 a share, which also locks in a 17% dividend yield if they can keep up their dividend anywhere close to what it has been for the last 35 years ...
you see, the trick to successful investing is to buy low and sell high, just in case you didn’t know that ... and there are some world-class, once-in-a-lifetime buying opportunities presented by the current market for intelligent and bold individuals who have an investment time-frame longer than your standard day-trader fool ...