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How to invest in oil?

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  • macdon02
    Senior Member
    • Sep 2007
    • 1858

    #11
    NG over oil, here.

    Comment

    • Oliver88
      Senior Member
      • Dec 2012
      • 4688

      #12
      Originally posted by macdon02 View Post
      NG over oil, here.
      NG stocks?

      Comment

      • sumdumguy
        Senior Member
        • Mar 2007
        • 11998

        #13
        HOU was $70 first week of Jan 2020, now $1.62, volume way up. Jump on the wagon!
        Wouldn’t you like to be the one who bought at 70, wasn’t me-was it?
        Last edited by sumdumguy; Apr 22, 2020, 20:16.

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        • Guest

          #14
          Dyed diesel $.505 today

          Comment

          • Maver
            Senior Member
            • Jul 2019
            • 143

            #15
            Originally posted by sumdumguy View Post
            HOU was $70 first week of Jan 2020, now $1.62, volume way up. Jump on the wagon!
            Wouldn’t you like to be the one who bought at 70, wasn’t me-was it?
            Maybe it's "due"

            Comment

            • Maver
              Senior Member
              • Jul 2019
              • 143

              #16
              How long can summer diesel store on the farm without problems? Conditioner needed to store through the winter and into 2021?

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              • WiltonRanch
                Senior Member
                • Jul 2012
                • 4517

                #17
                I got a bunch of 750’s sitting here. Thought I could put em back to oil storage. Problem is it only lasts so long above ground before it becomes “dead” I’m told, no better than asphalt.

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                • Oliver88
                  Senior Member
                  • Dec 2012
                  • 4688

                  #18
                  Looks like oil was a good investment, futures are hovering around $40 now.

                  Comment

                  • MichelleEdmund
                    Banned
                    • Jun 2026
                    • 5

                    #19
                    Oil now is not a safe niche to invest in. If you invested in it in 2020 in one year, you could be made a 200% profit. I've made mistakes in the past, and I'm sure you've made mistakes as well. But mistakes are necessary for the process of building up wealth. It's easy to look back and wish you'd done things differently or to second-guess yourself because you didn't achieve what you thought was possible. I got inspired by the https://wealthtender.com/net-worth/dave-portnoy-net-worth/ Portnoy Net Worth . This guy is a true genius that knows how to attract and work with money.
                    Last edited by MichelleEdmund; Jul 9, 2021, 01:35.

                    Comment

                    • errolanderson
                      Senior Member
                      • Jan 2012
                      • 3139

                      #20
                      Originally posted by MichelleEdmund View Post
                      Oil now is not a safe niche to invest in. If you invested in it in 2020 in one year, you could be made a 200% profit.
                      Total agree . . . realize banks are talking up $100 per barrel oil, but in-reality, who will pay for this?

                      Peter does have to pay Paul in this debt-riddled economy. $100 oil would tank global economies, if it hasn't already started. Crude oil technically appears to have broken its uptrend this week (IMO).

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