So what oil stock is everyone buying
The world prior to covid19 consumed about 10 barrels per day.
Now, covid19 we consume 4 barrels per day.
Cash Registers expect 10 millionbpd.
Going into meltdown.
buying pharma stocks, until big gov has been shown to inflating there stock....!
I think there in meltdown now and have potential for an incredible up swing in a very short period. My fear for pharma companies is that today’s Population will demand a free cure for corona and all nobody is going to get paid.
I bought HAL, XOM, and CVX.
I think HAL is probably the riskiest, but it was really fucking cheap, and already up considerably.. XOM might not be able to support it's dividend going forward, that is something to consider too.
I’ve divided money between those and some that were plunged into penny territory like cdev qep and xog.
Cool. I'll have to look into those. SDRL had a huge gain yesterday, but that one scares me a bit.
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