OT: Energy stocks.....

[Miketice]

Is anyone else getting *** raped? My God what a blood bath I'm enduring

 

[Uncle Ruckus]

At least your pay check doesn't get affected. Try working in the industry.

 

[PBRME]

I work in an industry that relies on the energy business. My paycheck is affected. It sucks

 

[yakalot2]

At least your pay check doesn't get affected. Try working in the industry.

+1000000000000000000000

 

[coach66]

I got out in September the pain was too

Much. In fact it caused me to go to all
Cash which I stayed until recently. Still 80
percent cash but looking to deploy starting with
s&p in 1700's. I think the S&P will go to low
1700's to high 1600's. Been selling puts to raise
beer money during this downdraft.

good luck to all

 

[BoDawg.sixpack]

Hopefully you weren't in Chesapeake

That was a terrific shorting opportunity. But so was TSLA, GPRO and TWTR. Let's face it, most of the market sucks right now except for metals which are showing strong signs of bottoming.

 

[ezsoil]

I have 12 stripper wells making a total of 30 barrels a day and I used to be able to get by at 18 but with the added regulation regarding salt water disposal, I've had to shut the operation down to a trickle to keep the leases... So I'm out of business... The Iranian deal bringing more online, along with the strengthening dollar have killed the price.

 

[121Josey]

Nope. But your pain will be my gain. Hopefully you are buying and averaging out your positions.

If you're in for the long haul, this downturn never happened.

 

[Shmuley]

So it looks like we won't ever be able to buy a decent recruiting class. Is that what y'all MFers are saying?

 

[coach66]

Another reason to hate OPEC as if we

Needed one*

 

[Will James]

I'm buying energy here soon. Our economy is a weight on the rest of the world. Once we crash and burn everyone else can start to rise. Commodities.. Energy..

Too bad it has to be this way, damn baby boomers and that idiot Roosevelt set this in motion

 

[coach66]

I agree that it is time to start nibbling.

Nm

 

[dannyripms]

If I were you I would stay in it until it went back up. It might take a few years but it will go back up. If you got out early that's great but if your down big stay in it.

 

[ronpolk]

Much. In fact it caused me to go to all
Cash which I stayed until recently. Still 80
percent cash but looking to deploy starting with
s&p in 1700's. I think the S&P will go to low
1700's to high 1600's. Been selling puts to raise
beer money during this downdraft.

good luck to all

Use that cash to buy us some recruits. After the negative interest rates get here you will need to deploy that cash somewhere. Unless you're keeping it under your mattress

 

[rugbdawg]

People, like my dad, have been saying this since the 60s.

Panic much?

 

[seshomoru]

Seen Railroad stocks. They are tanking right along with it.

The railroads were making a killing transporting the oil. Well, that gold mine is gone. I sold a bunch of Norfolk Southern in May... and damn am I glad I did.

 

[Miketice]

I am. I've bought it all the way down. And yes long haul no doubt. No choice really

 

[ckDOG]

No joke.

The railroads were making a killing transporting the oil. Well, that gold mine is gone. I sold a bunch of Norfolk Southern in May... and damn am I glad I did.

I drive past a large railroad yard from time to time. There has to be a least 100 stacked BNSF locomotives sitting there. Haven't budged in months. Offshore rigs getting killed too. Drive by Galveston and you see dozens and dozens stacked in the shipyard. I know a lot of folks are happy with lower gas prices and long term that should be a good thing, but **** rolls down hill.