Reply to: Oil price

[AtW]

This time next year quite a lot of people will be living in a cardboard box and not have their mortgage paid off.

Fantasy Swindon Mansion

[OwlHoot]

It's a good time to start drip feeding / buying / holding oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

This time next year quite a lot of people will be living in a cardboard box and not have their mortgage paid off.

[Tensai]

If you played this right you could pay the mortgage off with a fairly modest "investment", and you'll be praying for the USA to attack Iran.

You'd need another numbnuts like Dubya in the Whitehouse to do something as daft as that, I suspect the new guy is a little more restrained, thankfully.

[GreenerGrass]

LOIL looks like a good shout when the time is right, not sure if it's an AIG-backed security (ETF Securities had to stop trading in some of their stuff when AIG went tits up, which put me off them).

God knows what oil will bottom at though. It might be close to the bottom now or it might head down to $20, which would hurt on 2x leverage if you pile in now.
I will probably start drip feeding next year and then increase if oil finds a solid floor.

If you played this right you could pay the mortgage off with a fairly modest "investment", and you'll be praying for the USA to attack Iran.
The lower oil goes the more tempting it will be.

As well as global depression the hydrogen fuel cell is the one thing that could scupper a 5 or 10 bagger.

[Sysman]

Surely FOGL (Falklands Oil & Gas)is the way to go, drilling starts next year and an awful of of UK cash has been spent defending this small island.

We could always raise some cash by selling the Falklands to Argentina. Oh wait a minute. They're broke too!

[Cyberman]

Oil is bound to go down if we enter a serious slowdown, which by all means we probably have. After all, it was only $10/barrel a few years back.

I'm waiting for $20/barrel and then will take a long dated out-of-the-money option/warrant position.

The high price of oil has been just one further reason for the current slowdown, alongside high taxes and HMG incompetence in economic management.
Oil will not recover until the worldwide recession is over, which will not be until at least 2010. Meanwhile, it is inevitable the the oil price will stagnate and the oil states will not get one ounce of sympathy from me, especially Russia after the abominable treatment of BP !!

[KackAttack]

Surely FOGL (Falklands Oil & Gas)is the way to go, drilling starts next year and an awful of of UK cash has been spent defending this small island.

[moorfield]

At $25 it's a good punt to buy shares in CRUD ETF.

No shiite, it's LSE code is CRUD and it simply tracks the crude oil price.
and I'm gonna buy piles of it.

Have a look at LOIL also - that's the leveraged version of CRUD. Only for grown ups that one though.

[ChimpMaster]

At $25 it's a good punt to buy shares in CRUD ETF.

No shiite, it's LSE code is CRUD and it simply tracks the crude oil price.
and I'm gonna buy piles of it.

CRUD , that's classic! Had no idea about this one - will monitor it. Been looking at covered warrants instead (e.g. SV03), which are highly leveraged on the movement of crude.

[Turion]

At $25 it's a good punt to buy shares in CRUD ETF.

No shiite, it's LSE code is CRUD and it simply tracks the crude oil price.
and I'm gonna buy piles of it.

[AtW]

If oil goes below $20 I vow to stop posting on this forum for as long as it stays below that amount. Bring on the commodities bubble crash!

[ChimpMaster]

Oil is bound to go down if we enter a serious slowdown, which by all means we probably have. After all, it was only $10/barrel a few years back.

I'm waiting for $20/barrel and then will take a long dated out-of-the-money option/warrant position.

[Mich the Tester]

It's a good time to start drip feeding / buying / holding / piling into oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

You took out a mortgage on a cardboard box?

Typical of all this irresponsible borrowing.

[DimPrawn]

It's a good time to start drip feeding / buying / holding / piling into oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

Or if you have one of them new builds, have your mortgage paid off and be living in a cardboard box.

[moorfield]

A lot of people tried to predict the price of oil this year and ended up bust. A lot of others will try to predict the price of oil next year and end up bust.

It's a good time to start drip feeding / buying / holding oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.