General Info

[Nounce]

"More blood on the streets". I can see that being a possibility. Basically it's like hitting the roulette tables in Vegas LOL. Thanks for the advice.

The shale oil producers tanked so much that some have gone up 40% since the March low. The stock price is so low that you can just buy them for the long term with less risk associated with the future. I don't think there is a need to rush to buy.

[Septimius]

You might be. Or you might not. I wouldn't rush in myself. I've been a small investor in oil for many years. Certainly a lot smaller now than when I invested. And there have been other times where there has been "blood on the streets" in the oil market. But then it goes to "more blood on the streets". It's possible that oil might never come back to what it was. Or to anything close. There are scenarios under which that might happen. And any particular investment choice you make could end up being worth nothing. More likely is that someday some of these companies might be worth something more than they are now. Now there's an investment plan.

"More blood on the streets". I can see that being a possibility. Basically it's like hitting the roulette tables in Vegas LOL. Thanks for the advice.

[Zeos1]

It just feels like one of those situations where you "buy when there's blood in the streets" as the saying goes. The worst that can happen is that you lose some cash. Or you can make some serious profits. By the way I am not talking about pulling out of my 457 or savings account to make such a reckless move, it's more of a lets play around with things and see what happens. I already kicked myself in the ass when I didn't get in on bitcoin earlier in the year when it was under 4 k. I know it's a different market but I have seen it over and over for myself. I say damn why didn't I get in? I just have a feeling that in 2 years I will be saying the same thing about oil.

You might be. Or you might not. I wouldn't rush in myself. I've been a small investor in oil for many years. Certainly a lot smaller now than when I invested. And there have been other times where there has been "blood on the streets" in the oil market. But then it goes to "more blood on the streets". It's possible that oil might never come back to what it was. Or to anything close. There are scenarios under which that might happen. And any particular investment choice you make could end up being worth nothing. More likely is that someday some of these companies might be worth something more than they are now. Now there's an investment plan.

[Septimius]

If my understanding is correct, that is not a spread you could trade or you want to trade. The May contract expired yesterday so I don't see how one can make the spread work among the panic in a very short window.

It just feels like one of those situations where you "buy when there's blood in the streets" as the saying goes. The worst that can happen is that you lose some cash. Or you can make some serious profits. By the way I am not talking about pulling out of my 457 or savings account to make such a reckless move, it's more of a lets play around with things and see what happens. I already kicked myself in the ass when I didn't get in on bitcoin earlier in the year when it was under 4 k. I know it's a different market but I have seen it over and over for myself. I say damn why didn't I get in? I just have a feeling that in 2 years I will be saying the same thing about oil.

[Nounce]

Is there a platform one can use or do you have someone handling this kind of stuff for you? I want to get in on the action. I'm in on crypto but would like some more diversity.

If my understanding is correct, that is not a spread you could trade or you want to trade. The May contract expired yesterday so I don't see how one can make the spread work among the panic in a very short window.

[Zeos1]

Is there a platform one can use or do you have someone handling this kind of stuff for you? I want to get in on the action. I'm in on crypto but would like some more diversity.

LOL. I can tell you would do well with futures.

[Septimius]

Yup. May futures settled at -37.63. June futures at +20.43. You could lock in a nice spread.

Is there a platform one can use or do you have someone handling this kind of stuff for you? I want to get in on the action. I'm in on crypto but would like some more diversity.

[LeyenLouvain]

I know the weaker Col Peso is good for us (assuming we can get there), but the economic misery this will cause for Colombia (and other countries that depend on exporting oil) is scary.

Maybe not so good for us if economic misery means more violent crime on the streets.

[Combo]

Wish I had an empty 50,000 gallon oil storage tank right now.

Yup. May futures settled at -37.63. June futures at +20.43. You could lock in a nice spread.

[JjBee62]

May Crude Futures closed way below zero -- meaning you actually have to pay someone to take delivery of the oil. I know the weaker Col Peso is good for us (assuming we can get there), but the economic misery this will cause for Colombia (and other countries that depend on exporting oil) is scary.

We are living in surreal times.

Wish I had an empty 50,000 gallon oil storage tank right now.

[Combo]

Oil went down 42% today, and it is selling at $10 a barrel. That is Colombia's #1 export. That should mean we see the high COP: dollar ratio sticking out a while.

May Crude Futures closed way below zero -- meaning you actually have to pay someone to take delivery of the oil. I know the weaker Col Peso is good for us (assuming we can get there), but the economic misery this will cause for Colombia (and other countries that depend on exporting oil) is scary.

We are living in surreal times.

[Elvis 2008]

Oil went down 42% today, and it is selling at $10 a barrel. That is Colombia's #1 export. That should mean we see the high COP: dollar ratio sticking out a while.

[Septimius]

It makes perfect sense. You ever live with a woman going through menopause? It's like the entire psych ward all inhabiting one body. After 30 minutes you'll be feeding her whatever drugs will help.

Thank God I have not! But I hear the stories from friends that have wives that are going through the shit. I'm all set!!

[JjBee62]

The testosterone thing is a real deal. The best way I can explain it is like this: Imagine that you started a warehouse job in your younger years. Each year one of the light-bulbs in the warehouse goes out. 20 years later there are 20 that are burnt out but you fail to notice the difference because you adjusted to it gradually. Then one night someone replaces those bulbs and you come in that morning and bam! You realize what it used to be like when it was super bright. That's how I felt when I got on the testosterone treatments. I felt like a brand new man. Prior to that I pretty much got used to feeling like shit and thought it was normal due to age. Well my testosterone levels were less than a teenage girl when I got tested. You should do the same man. And don't let the doc tell you that it's normal for your age. They give women hormones when they get older and go through menopause but have a hard time doing it to men when they go through andropause. It's bullshit and makes absolutely no sense.

It makes perfect sense. You ever live with a woman going through menopause? It's like the entire psych ward all inhabiting one body. After 30 minutes you'll be feeding her whatever drugs will help.

[Septimius]

Done age 38. Volume supposed to drop 3-8% roughly (1st question I asked the doctor). I had not noticed any real difference in horniness. Age 49 now. This last year my power has dropped. One girl a day and I am good (but not happy). Some days hard to get hard. Have not taken anything or had testosterone level tested. My Cialis / Viagra meds are not working. BUT my supplier had a quality control problem once before. I will try new pills and then get testosterone level checked. It better not be old age at 49!

The testosterone thing is a real deal. The best way I can explain it is like this: Imagine that you started a warehouse job in your younger years. Each year one of the light-bulbs in the warehouse goes out. 20 years later there are 20 that are burnt out but you fail to notice the difference because you adjusted to it gradually. Then one night someone replaces those bulbs and you come in that morning and bam! You realize what it used to be like when it was super bright. That's how I felt when I got on the testosterone treatments. I felt like a brand new man. Prior to that I pretty much got used to feeling like shit and thought it was normal due to age. Well my testosterone levels were less than a teenage girl when I got tested. You should do the same man. And don't let the doc tell you that it's normal for your age. They give women hormones when they get older and go through menopause but have a hard time doing it to men when they go through andropause. It's bullshit and makes absolutely no sense.