Value Buy
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Post by Value Buy on Mar 7, 2022 7:42:40 GMT -5
I own a few hundred shares of CVX.
This morning I have decided if it goes to $209 a share I am selling three forths of it. Currently at about $162 a share but was in mid $120's two weeks ago. I imagine traders might hesitate at over $200 but never thought it would hit $160 either.........
The way the price of a barrel is rising and oil stock prices following close behind it is time to pull the trigger on it.
Not even sure what my average price of a share is, but guessing maybe five dollars north or south of $100 a share. I think this might be the last big move for big oil as we transfer to clean energy.
Anyone think there is a chance Biden might pull a political hard right turn and let oil companies start drilling/pumping on unused Federal leases in the next two weeks? That is about the only thing that might slow oil pricing from going to new record highs imo.
FYI, I simply do not do option trading, as I would not be quick enough to trade in and out of pricing flucuations of the option, and might get stomped out before I wanted to.
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djAdvocate
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Post by djAdvocate on May 7, 2022 13:34:16 GMT -5
trends look good here, VB.
edit: Argus raised their strike price to $189 on this, yesterday.
edit2: i think that privately, Biden probably views high oil prices as a good thing- not politically, but in terms of his principles. i am not actually sure how much he cares about politics. he does a lot of things that don't bode well for him politically. and i actually kinda like that. i wish more politicians were like that. as much as i hated Strom Thurmond, i always knew where he stood- which i APPRECIATED and ADMIRED. there are not many politicos i admire in that way, any more.
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