Results 11,401 to 11,425 of 18218
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05-24-2020, 02:46 AM #11401
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05-24-2020, 02:47 AM #11402
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05-24-2020, 04:23 AM #11403Rod9301
- Join Date
- Jan 2009
- Location
- Squaw valley
- Posts
- 4,638
Looks like oil consumption is coming back and supply is a lot lower.
Probably a lot more people will drive instead of taking public transportation, worldwide.
But on the other hand, more people will be working from home permanently.
I'm long oil stocks
Sent from my Redmi Note 8 Pro using Tapatalk
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05-24-2020, 09:20 AM #11404Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
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05-24-2020, 09:57 AM #11405Registered User
- Join Date
- May 2016
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- 3,581
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05-24-2020, 10:00 AM #11406Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
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05-24-2020, 10:04 AM #11407
Typically, global oil consumption by transportation mode breaks down to something in the neighborhood of 50% cars, 25% trucks, 10% air, 10% ships, and 5% rail.
I'm long oil too.
edit: billy beat me to it
And I'll add that the numbers are fluid due to China and India.
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05-24-2020, 10:24 AM #11408
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05-24-2020, 11:13 AM #11409
Long term yes, the end is coming. But how long until the slide is the question. If C-19 is no longer an issue in a year or two, there's still nothing replacing oil.
And when I say long, I mean I won't take profits on current market fluctuations. Three, five, ? years from now, I might change my tune.
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05-24-2020, 03:44 PM #11410
Agreed. I want buy, forget and tradable options to sell covered calls against a dividend. I also want USD exposure. Also a big fan of biggest ie last one standing hence XOM. If Aramco were listed on a Noram exchange I might have gone there instead.
Hedging a bit though by being aggressively short CHK (along with what looks everyone else in the world)
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05-25-2020, 09:49 AM #11411
CHK: what a riches to rags story that is! Circling the drain at this point. I missed the boat on that one, but you should be looking really good.
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05-26-2020, 10:09 AM #11412
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05-26-2020, 10:25 AM #11413"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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05-26-2020, 10:29 AM #11414
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05-26-2020, 03:12 PM #11415
^^^^Irony? based on all the partying going on sans masks and social distancing, I gather people will be dying to get on planes real soon.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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05-27-2020, 08:34 AM #11416
Covered LK. Started HTZ short via puts. Puts are nice and liquid.
Added some CHK calls just in case this market gets frothy or a shooting war is started
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05-27-2020, 04:03 PM #11417
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05-27-2020, 05:30 PM #11418
Probably to the Moon. I've been a LMT long for 5 years so that'll print $
Icahn just took it lubeless on HTZ exiting his position
https://finance.yahoo.com/news/carl-...213205837.html
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05-27-2020, 06:32 PM #11419
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05-28-2020, 09:27 AM #11420
HTZ now has borrows. Buying puts, selling calls trying to construct short synthetically.
Got bought in on CHK again. Will look at reestablishing position for July bond payments
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05-28-2020, 10:03 AM #11421
HTZ position constructed. Spread of June puts and calls. OOTM 2.5c sold with a decent premium to keep avg cost of the puts down. Some July calls bought just in case HTZ miraculously goes to the moon
Here's the buyers.
And https://robintrack.net/symbol/HTZ
HTZ NorAm declared Ch11. The assets (cars) are pledged as security so will be dumpster - sold. The international arms are seeking Ch11 equivalents. There is a ladder of debt but that's fairly standard. In order of priority bank, specific collateral, 2L, junior then last commons. It's unusual for commons (or calls) to retain so much value going into delist or Ch11.
The Robinhood shareholdings may explain some of that
Last edited by LeeLau; 05-28-2020 at 02:08 PM.
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05-28-2020, 05:49 PM #11422
Trump supposedly is going to be doing a presser tomorrow on China. Seems like Trump wants to poke the dragon again. Should be good times for the world's markets.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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05-28-2020, 06:20 PM #11423
I think you must of missed this news:
https://www.cbsnews.com/news/china-h...ay-2020-05-28/
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05-28-2020, 06:40 PM #11424
Yeah, anything but acknowledging just cruising by 100000 deaths. And counting.
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05-28-2020, 08:06 PM #11425
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