workingBrewmaster said:
bought SOXL, just a quick play. should be out of it by this afternoon.
just need NVDA and SMCI to wake up and this is a ripper
workingBrewmaster said:
bought SOXL, just a quick play. should be out of it by this afternoon.
Those Sept. 30 $26 calls looking pretty good now. Thanks!Heineken-Ashi said:
Also. Don't even dare selling your metals positions. It's about rock n roll time. Pullbacks going forward are for adding only.
Thanks. But hasn't he been hammering it like crazy over the last two years? I'm not really a Buffet buyer, so might be wrong.El_duderino said:
2019 Q3 at around $47
I bought some in July 2022, sold in Dec. 22 and started buying again in Jan. 23. Based on what he was doing at the time.Heineken-Ashi said:Thanks. But hasn't he been hammering it like crazy over the last two years? I'm not really a Buffet buyer, so might be wrong.El_duderino said:
2019 Q3 at around $47
We're??Heineken-Ashi said:
We're still very long OXY over here.
ProgN said:We're??Heineken-Ashi said:
We're still very long OXY over here.
Are your pronouns they/them? Asking for a friend.
Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
It's broken out from it's triangle. Just like with XLE, XOP, and many other energy charts, I'd like to see it come back a bit before exploding. I'm looking for $64 for next entry if today was a top of sorts.gougler08 said:Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
I sold at $67 and will enter in again if it trends down. If not, I'll take my 20% and move to the next one
Heineken-Ashi said:It's broken out from it's triangle. Just like with XLE, XOP, and many other energy charts, I'd like to see it come back a bit before exploding. I'm looking for $64 for next entry if today was a top of sorts.gougler08 said:Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
I sold at $67 and will enter in again if it trends down. If not, I'll take my 20% and move to the next one
Your post makes me think that you've done your research on the O&G sector, if I'm wrong tell me. If I'm right, start following POWL and if it hits $120 or better, then jump in. If your time horizon isn't short term, then you can buy it here. POWL is very engrained with O&G, but they've been expanding their into products into other industries.Aglaw97 said:Heineken-Ashi said:It's broken out from it's triangle. Just like with XLE, XOP, and many other energy charts, I'd like to see it come back a bit before exploding. I'm looking for $64 for next entry if today was a top of sorts.gougler08 said:Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
I sold at $67 and will enter in again if it trends down. If not, I'll take my 20% and move to the next one
If you are willing to be long O&G there are still lots of good plays. Despite whatever rhetoric you may hear, fossil fuel demand isn't going anywhere anytime soon. And the lack of capital investment in the space over the last several years is going to catch up. Consolidation is happening as it needs to but it's happening at very accretive levels with less risk than some previous cycles where some targets were heavily debt laden. Several companies are printing money and if you are willing to hold, there are some attractive dividend plays that IMO have almost zero risk of cutting or reducing that dividend. I don't see these plays having rocket ship potential like some tech or AI. But when the overall pullback happens, they won't be hit as hard, will survive being drug down like everyone else and will still be providing an attractive dividend.
Heineken-Ashi said:It's broken out from it's triangle. Just like with XLE, XOP, and many other energy charts, I'd like to see it come back a bit before exploding. I'm looking for $64 for next entry if today was a top of sorts.gougler08 said:Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
I sold at $67 and will enter in again if it trends down. If not, I'll take my 20% and move to the next one
ProgN said:Your post makes me think that you've done your research on the O&G sector, if I'm wrong tell me. If I'm right, start following POWL and if it hits $120 or better, then jump in. If your time horizon isn't short term, then you can buy it here. POWL is very engrained with O&G, but they've been expanding their into products into other industries.Aglaw97 said:Heineken-Ashi said:It's broken out from it's triangle. Just like with XLE, XOP, and many other energy charts, I'd like to see it come back a bit before exploding. I'm looking for $64 for next entry if today was a top of sorts.gougler08 said:Heineken-Ashi said:
When did Buffet start layering into OXY? We're just now back to the top of a $10 trading range dating back to Jan 2023 on that one. Could break out from here (I would prefer a bit of a pullback and then a moon rocket), could break lower back into the range. Point being, following him could fail to pay off for a long time. He's a long term investor. When he finds something he likes, he starts to buy.
I sold at $67 and will enter in again if it trends down. If not, I'll take my 20% and move to the next one
If you are willing to be long O&G there are still lots of good plays. Despite whatever rhetoric you may hear, fossil fuel demand isn't going anywhere anytime soon. And the lack of capital investment in the space over the last several years is going to catch up. Consolidation is happening as it needs to but it's happening at very accretive levels with less risk than some previous cycles where some targets were heavily debt laden. Several companies are printing money and if you are willing to hold, there are some attractive dividend plays that IMO have almost zero risk of cutting or reducing that dividend. I don't see these plays having rocket ship potential like some tech or AI. But when the overall pullback happens, they won't be hit as hard, will survive being drug down like everyone else and will still be providing an attractive dividend.
yocod said:
It's worth also considering that OXY is more than just oil and gas. Don't dismiss the Direct Air Capture component of their business, and I think Buffett has his eyes on that portion of it just as much as the other portion of their business, despite it's infancy.
I think it has been briefly touched on before somewhere in the forums, but the Inflation Reduction Act increased the tax credit for carbon capture activities, and DAC now has a much larger tax credit per ton of captured carbon. It was pretty soon after the Act was passed that Buffet started really buying up OXY shares.
The counterpoint, though, is how much of the DAC business is a legitimate, profit making activity with a real demand, versus how much of it is driven by virtue signaling eco-warriorism? If the tax credit is ever removed, would they still operate the business? Will there be a continued desire by corporations to purchase carbon-removal credits? It is interesting that Oxy's DAC subsidiary is already making deals with this stuff, notably with Amazon and Airbus.
As for Oil and Gas itself, there are still great picks out there. Personally, I like COP, CVX, FANG/VNOM, PR...anybody in the Permian is a winner really. OXY makes up 4% of my portfolio, though I probably won't add anymore. But around $60-63, I feel like it is a buy, and that seems to be when Buffet usually adds more.
Anyways....food for thought. I'm sure there are people who read this who know much, much more about this than me, and I welcome any correction.
I had moved my stop up and got stopped out a while back. Draw a trendline of recent lows on daily candles (Dec and Mar lows). You don't want to see it break below that. And yes, I'd be looking for $37-$41.MillerLite92 said:
HA - don't know if I've missed it, but is the target for HRMY still $38-40?
I think it remains to be determined whether carbon capture actually translates to bottom line profitability. But as you note, it's one of the latest ESG du jour mechanisms that companies tout just to say they are participating. Right now I don't view it as a positive or a negative. IMO the jury is still out whether companies get credit for this, whether through stock price maintenance (I don't think it appreciates the price until the value is proven) or otherwise.yocod said:
It's worth also considering that OXY is more than just oil and gas. Don't dismiss the Direct Air Capture component of their business, and I think Buffett has his eyes on that portion of it just as much as the other portion of their business, despite it's infancy.
I think it has been briefly touched on before somewhere in the forums, but the Inflation Reduction Act increased the tax credit for carbon capture activities, and DAC now has a much larger tax credit per ton of captured carbon. It was pretty soon after the Act was passed that Buffet started really buying up OXY shares.
The counterpoint, though, is how much of the DAC business is a legitimate, profit making activity with a real demand, versus how much of it is driven by virtue signaling eco-warriorism? If the tax credit is ever removed, would they still operate the business? Will there be a continued desire by corporations to purchase carbon-removal credits? It is interesting that Oxy's DAC subsidiary is already making deals with this stuff, notably with Amazon and Airbus.
As for Oil and Gas itself, there are still great picks out there. Personally, I like COP, CVX, FANG/VNOM, PR...anybody in the Permian is a winner really. OXY makes up 4% of my portfolio, though I probably won't add anymore. But around $60-63, I feel like it is a buy, and that seems to be when Buffet usually adds more.
Anyways....food for thought. I'm sure there are people who read this who know much, much more about this than me, and I welcome any correction.
ISM weaker than expectedRagoo said:
What caused the jump in the market? Not complaining. I had SPX calls.
agree with you...but if he sounds weak/dovish, the bulls are gonna rip...and test another ATH...these dip buyers are just relentless...Brewmaster said:
JPow at 11 am - economic outlook chat
not sure I like this morning pump before he goes on. NVDA straight up
it's fading…..Brewmaster said:
JPow at 11 am - economic outlook chat
not sure I like this morning pump before he goes on. NVDA straight up
That combined with the risks of greenwashing disclosureHoustonAg_2009 said:
DAC will be a loss leader for OXY. There's a reason why Vicki has pulled back her comments about building 50 globally. OXY is a great company, but their West Texas DAC won't be financially successful.
Aglaw97 said:That combined with the risks of greenwashing disclosureHoustonAg_2009 said:
DAC will be a loss leader for OXY. There's a reason why Vicki has pulled back her comments about building 50 globally. OXY is a great company, but their West Texas DAC won't be financially successful.