A Focus On The Crash In Oil – A Little History and Stock Comments
Josef Schachter joins me today for comments on the oil sector and provides a little history on the Saudi-Russia alliance that has broken down. We also discuss the moves in oil shares and the possible opportunity it presents to anyone with some cash to deploy.
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Thank god I’ve got 75% cash and my REAL income comes from my commercial RE…
I think oil stocks will take some time to digest these large down moves. Maybe recovery won’t be V shaped, instead it will be gradual U recovery. But if market comes back with vengeance, I’d say they will rise along with market.
One day Calijoe one day…prolly a few years out if they survive CAD politics green movement… and some BXE are GONE.
My Dad will never recover because of Shack.
I understand, nothing is guaranteed in this business. One should never forget to use stops and if that’s not possible then need to have lots of patience. I don’t think one would lose money buying E&P companies at these levels.
BUT if we want to lose money we can do it ourselves. I run 2 companies and make out fine…That why you pay people to advise. I am WAYYYY to busy to be micromanaging my Port oR my Dads. I have a service that called this market wipe out and many other things happening and they spend all day setting up stop #s shorts ect ect…My Dad shelled out $800 yr to this clown just to lose 50% to 90% of his energy invst….
You invest in bottoms like whats happening and if you 3 yrs early on a commodity stock your a fk idiot..
I JUST recently invested $150k at the top of this market and Im down only 1.9% lol…and we are geared up to do WELL the next year….
I’ve got Millions in RE and bloody happy about it especially these days.
Have a look below at those loses!!!
AND I disagree there will likely be more of his recommendations going off the board like BXE.TO.
This isn’t investing its financial suicide. They advised him not to sell 1.5yrs ago when he was getting concerned.
He can never recover from this advice….I will be helping him now. JESUS!
BXEFF 1,667 $15.482 $0.386 -$15.096 $25,808.75 $643.77 -$25,164.98 -97.5% Buy Sell
BNP 17,000 $1.534 $0.195 -$1.339 $26,076.68 $3,315.00 -$22,761.68 -87.3% Buy Sell
CR 19,000 $1.950 $0.200 -$1.750 $37,041.18 $3,800.00 -$33,241.18 -89.7% Buy Sell
XEG 2,000 $12.094 $4.520 -$7.574 $24,188.75 $9,040.00 -$15,148.75 -62.6% Buy Sell
PONY 13,000 $2.331 $0.340 -$1.991 $30,307.50 $4,420.00 -$25,887.50 -85.4% Buy Sell
SGY 8,000 $1.621 $0.330 -$1.291 $12,968.75 $2,640.00 -$10,328.75 -79.6% Buy Sell
WRG 20,000 $0.840 $0.250 -$0.590 $16,808.75 $5,000.00 -$11,808.75 -70.2%
On March 10, 2020 at 9:51 am,
CaliJoe says: I don’t think one would lose money buying E&P companies at these levels.
And Biily says:
Cequence dropped 34% alone today!!!! The SHACK destroyed my families portfolio.
Hes a stupid stupid man. I’m going to personally know his Fking teeth down his throat
Down huge from your ” I don’t think one would lose money buying E&P companies at these levels.
3 years later and Mr Shacks stock recommendations are trading at 10 % of the table pounding buy levels….My Dad lost his shirt!!!! WORST investment advice I’ve ever seen..Hell be moving in with me…Jesus