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WHY I am adding/liking OIL/GAS stocks vs GDX or SPX


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#21 senorBS

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Posted 25 October 2020 - 08:39 AM

M&A in U.S. had been picking up and now in Canada we have a Cenovus/Husky merger just announced, IMO another bottom sign

 

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#22 senorBS

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Posted 09 November 2020 - 06:11 PM

Helluva statement day for my XOP/oil stock bullish scenario. Note I did sell few that were up 15-20% to shift some funds to the miners which were down 8-10% at the time. Expect volatility but at least a large int term advance appears underway IMO

 

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#23 dharma

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Posted 11 November 2020 - 11:17 AM

how about this pattern and breakout https://gracelandupd...020nov11xle.png

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#24 senorBS

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Posted 11 November 2020 - 11:42 AM

how about this pattern and breakout https://gracelandupd...020nov11xle.png

dharma

not quite yet, looks to me the initial pattern off the low is still in progress and that pullback might be too "easy", we see

 

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#25 linrom1

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Posted 11 November 2020 - 12:47 PM

 

how about this pattern and breakout https://gracelandupd...020nov11xle.png

dharma

not quite yet, looks to me the initial pattern off the low is still in progress and that pullback might be too "easy", we see

 

Senor

 

Record volume on XLE. Looks like everyone is piling in like they did into SLV.



#26 senorBS

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Posted 16 November 2020 - 09:38 AM

Exited energy longs, gains just too good, as always DYODD

 

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#27 linrom1

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Posted 16 November 2020 - 09:54 AM

Exited energy longs, gains just too good, as always DYODD

 

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Agree.



#28 senorBS

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Posted 16 November 2020 - 10:07 AM

 

Exited energy longs, gains just too good, as always DYODD

 

Senor

Agree.

 

XOP "might" have ended 5 up daily from low near 38, great count "if" we get a large correction, more bullish count is it just keeps going - don't care when I get these type of gains

 

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#29 dougie

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Posted 05 October 2021 - 10:47 PM

I am a market whore, I am in the markets to make money, whether its Gold/Miners, oil/gas stocks, other sectors. Because of my long and intermediate term RATIO ANALYSIS of XOP/GDX and XOP/S&P, and XOP/oil ratios I have been in the past week slowly accumulating oil/gas stocks as I believe in the months/year ahead the ratio analysis suggest they will outperform the GDX and SPX. I now have a similar oil/gas stock position currently as compared to my gold miner position after some shifting this morning, yet I am about 35-40% long (in total) in my accts. I can't forecast when a major turn will occur but the technical/chart action suggests to me that its close and even if it takes a few more months there appears much less risk of the XOP declining much more in respect to GDX or SPX. The ONE big caveat is that they ALL could decline substantially together if the stock market took another big hit like March. In any case my thinking is that having some exposure to oil/gas stocks is now warranted given the historic lows seen in these ratios and technical/chart indications a big turn has a very solid chance to occur in the months/year ahead. Take it FWIW and DYODD

What a great call this was!!