Especially guys who've been here since the beginning. The ones who caught dips into the 90s. The 3X and 10X leveraged fam.
What's on your shopping lists?
Personally I've collected everything I've wanted to collect and am now looking at apartments in unimportant countries to have a hibernation nest in case this war goes NATO/we begin to see global riots and food crisis
Trade wise, I think we might have two more obvious trades left. First from $109 to $120 (assuming it doesn't already open at $120 later today) and second the very first flash crash at $150, which will probably invoke circuit breakers (buy moment) before heading back to $150 (sell moment). Anything beyond that – only god (Trump?) knows
Separately, I do hope we don't see this going beyond $150. While I'm treating $150 like a personal retirement milestone I do feel that every dollar beyond $150 will make the world an unlivable, inhospitable place. Our fast oil money can't buy order
What's everyone buying when it reaches $150 🛢️
byu/Feierkappchen inoil
Posted by Feierkappchen
4 Comments
People are already being killed for current prices, so I have a little more dignity than to be sharing a getaway shopping list
Go touch grass
Invest in toilet paper company stocks!
((I’ve wanted to collect and am now looking at apartments in unimportant countries)) chances are, they can’t even afford said fuel (the $150 is the unrefined oil, refined diesel/gasolin costs a lot more)
If oil stays elevated, and doubly so if the war is prolonged for a few months more or longer, I don’t see anything going up beyond low debt, high pricing power companies in sectors that sell consumer essentials like supermarkets, healthcare, and energy companies if selected carefully. I’ll be especially interested in those with high FCF as they might even grow a bit, e.g. healthcare majors buying up biotech for their IP.
Maybe defence is a decent hold in that environment too, though I think their valuations are high enough already.
If the war is settled in a way that leads to oil prices falling well below today’s prices then I expect gold and silver will surge, and big money will rotate into higher risk investments like software and AI, and similar growth industries. I’ll be watching uranium (e.g. Cameco) in both scenarios for signs of undersupply and industry investment driven by reaffirmed need to move away from oil. Renewables might be worth watching too but I haven’t looked closely.
I’m not sure where things will go yet so am in oil and cash until I understand where the world is going. If I was wiser I’d already be in consumer essentials tbh, but haven’t had time to review for the best placed companies.
I try to keep informed but am not experienced so healthy pinch of salt on the above needed.