Rules for Pick of The Year (PoTY) 2020

[JohnHenry]

Oil Question

Hello,

I’m curious if anyone knows how to buy and sell physical oil?

I know one could do futures, options, ETFs, Oil Company stocks, CDFs, or MLPs. Thanks

[riverbabe]

Hello,

I’m curious if anyone knows how to buy and sell physical oil?

I know one could do futures, options, ETFs, Oil Company stocks, CDFs, or MLPs. Thanks

The OBVIOUS answer to your question! Ernie!!! His business is PHYSICAL OIL STORAGE!

[Louetta]

Gentlemen, li'l clerical stuff, the symbol for my pick LOGG has changed to BDGY.

[BlueWolf]

Gentlemen, li'l clerical stuff, the symbol for my pick LOGG has changed to BDGY.

Okey Dokey

[JohnHenry]

The OBVIOUS answer to your question! Ernie!!! His business is PHYSICAL OIL STORAGE!

Thanks for the friendly reminder.

[JohnHenry]

Gentlemen, li'l clerical stuff, the symbol for my pick LOGG has changed to BDGY.

OK. I have BDGY as of April 15, 2020. Thanks for the update.

[riverbabe]

The OBVIOUS answer to your question! Ernie!!! His business is PHYSICAL OIL STORAGE!

The following is a partial response by me to a private message question from one of our fellow compatriots. I hope he doesn't mind if I post it here. "They are paying storage places to take the oversupply off their hands!!?? Ernie is probably in the middle of it. Right now I buy $20 of gas once a month. LOL A couple of stock market newbies with a little money to spend have asked my advice about being enticed by the low oil prices. I just tell them NOW is NOT the time to buy. Oil has always been boom or bust. Gave it a wait and see how it shakes out. Oh yes, I am currently reading Rachel Maddow's book "Blowout". Fascinating thorough education about the recent history of oil (all kinds). You might enjoy reading about all our favorite companies and Oklahoma and shale and Chesapeake and Rex Tillerson and Putin and the entire Russian saga. It's definitely an eye-opener. Easy to read and understand too."

[mimo_100]

The OBVIOUS answer to your question! Ernie!!! His business is PHYSICAL OIL STORAGE!

The question was "where to buy and sell oil" - Ernie brokers storage, he does not buy and sell oil if I understand his business correctly! see https://www.thetanktiger.com/services/

[jiesen]

Try the CME?

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_timeSales_globex_futures.html

Looks like crude is selling for $14.2 today.

[BlueWolf]

Try the CME?

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_timeSales_globex_futures.html

Looks like crude is selling for $14.2 today.

I agree with jiesen. Your best bet is to trade oil futures. Just remember that a futures contract, unlike an option, which has to be exercised hence is “optional”, is an obligation to buy/sell. Just like options, however, each contract has an expiration, so you’ll be dealing with time premiums.

[JohnHenry]

The following is a partial response by me to a private message question from one of our fellow compatriots. I hope he doesn't mind if I post it here. "They are paying storage places to take the oversupply off their hands!!?? Ernie is probably in the middle of it. Right now I buy $20 of gas once a month. LOL A couple of stock market newbies with a little money to spend have asked my advice about being enticed by the low oil prices. I just tell them NOW is NOT the time to buy. Oil has always been boom or bust. Gave it a wait and see how it shakes out. Oh yes, I am currently reading Rachel Maddow's book "Blowout". Fascinating thorough education about the recent history of oil (all kinds). You might enjoy reading about all our favorite companies and Oklahoma and shale and Chesapeake and Rex Tillerson and Putin and the entire Russian saga. It's definitely an eye-opener. Easy to read and understand too."

Thanks for sharing.

[JohnHenry]

The question was "where to buy and sell oil" - Ernie brokers storage, he does not buy and sell oil if I understand his business correctly! see https://www.thetanktiger.com/services/

Thanks for the link.

[JohnHenry]

Try the CME?

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_timeSales_globex_futures.html

Looks like crude is selling for $14.2 today.

Thanks for the link.

[JohnHenry]

I agree with jiesen. Your best bet is to trade oil futures. Just remember that a futures contract, unlike an option, which has to be exercised hence is “optional”, is an obligation to buy/sell. Just like options, however, each contract has an expiration, so you’ll be dealing with time premiums.

Thanks for your feedback.

[BlueWolf]

Here are the latest contest standings. Paco remains the leader with an incredible 67+% gain so far, but Jiesen is beginning to mount a substantial challenge with a 40+% gain. Billy Joe, John Henry, and Riverbabe continue to round out the top five with some pretty nice gains of their own. As for the rest of us, well, we’re still in the red, but hope springs eternal and you never know what surprises the market will bring.

POY Contest Standings, As of Market Close Apr 24, 2020
Contestant	Stock	L or S	Open	Current	Gain/Loss
Paco	REGN	Long	$337.94	$ 566.21	67.55%
Jiesen	CERS	Long	$4.01	$ 5.66	41.15%
Billy Joe	AMZN	Long	$2,008.72	$ 2,410.22	19.99%
John Henry	AMD	Long	$47.00	$ 56.18	19.53%
Riverbabe	CRWD	Long	$61.09	$ 72.00	17.86%
NASDAQ	QQQ	Long	$219.07	$ 213.84	-2.39%
BlueWolf	TTD	Long	$269.18	$ 256.63	-4.66%
Wifwif	NVCR	Long	$81.46	$ 73.18	-10.16%
S&P	SPY	Long	$321.73	$ 282.89	-12.07%
Dow	DIA	Long	$282.42	$ 237.83	-15.79%
Tiedyed	CODA	Long	$6.29	$ 5.17	-17.81%
Phoenix7	SEAC	Long	$4.44	$ 2.59	-41.67%
Mr. Market	INTZ	Long	$5.97	$ 3.35	-43.89%
Mimo	NEXCF	Long	$2.25	$ 1.160	-48.44%
Louetta	BDGY	Long	$0.14	$ 0.070	-50.00%
Minni17	OMF	Long	$42.37	$ 19.07	-54.99%