Coronavirus vs Investing

[suntan]

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Be a man.... option contracts

I already said sell naked calls.

Wait, that'd make me rich right now.

[The_Rural_Juror]

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Be a man.... option contracts

I think I have heard of these option things.

[Disoblige]

Can you guys imagine all the idiots who bought leveraged bull oil ETFs on Friday close? Hello broke people.

[davidI]

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With Northern Italy essentially on lock-down and WTI down 10% with Saudi ready to decimate marginal producers, what are bets on Monday's open?

I'm expecting a Dow open of -300+.

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Lol WTI dropped $11 at open. Currently down 27.20%

haha, yep, shouldn't make predictions for Monday early Sunday AM. Looks like -1000+ on the open is more likely now.

[arcticcat522]

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Running with the BetaPro S&P/TSX 60 -2x Daily Bear ETF (HXD.TO) last few days up almost 8%.

Lucky SOB

[The_Rural_Juror]

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Lucky SOB

Skillful SOB

-69coupe

[Disoblige]

S&P Breaker trip @ 7%.
We already there pre market. $277

[The_Rural_Juror]

Tripped. Let me get a quick shower in before it resumes.

-69coupe

[89coupe]

It’s a blood bath

[Kg810]

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Buy buy buy

After this mass hysteria passes things will recover.

[pheoxs]

It's interesting seeing how different O&G stocks are doing. Is it just a result of being more diversified or being more leveraged in debt?

Cenovus -47%
ovintiv/encaada -47%
CNRL 27%
Husky -20%
Suncor -10%

Both Husky and Suncor opened much lower but are now climbing back up a ways. So interesting to see.

[sabad66]

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It's interesting seeing how different O&G stocks are doing. Is it just a result of being more diversified or being more leveraged in debt?

Cenovus -47%
ovintiv/encaada -47%
CNRL 27%
Husky -20%
Suncor -10%

Both Husky and Suncor opened much lower but are now climbing back up a ways. So interesting to see.

if a company is fully integrated all the way into downstream and b2b/b2c sales then in theory they should not be AS affected by oil price. this aligns with what you pasted here as husky and suncor have relatively large downstream businesses whereas cenovus/ovintiv/cnrl are almost purely upstream.

[pheoxs]

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if a company is fully integrated all the way into downstream and b2b/b2c sales then in theory they should not be AS affected by oil price. this aligns with what you pasted here as husky and suncor have relatively large downstream businesses whereas cenovus/ovintiv/cnrl are almost purely upstream.

Ahh, guess that makes sense. Wonder if we'll see some more acquisitions in the coming year as well.

[ExtraSlow]

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Ahh, guess that makes sense. Wonder if we'll see some more acquisitions in the coming year as well.

Merge or die, those are the options for 80% of the companies.

[The_Rural_Juror]

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Merge or die, those are the options for 80% of the companies.

Join the coupe compound or die.

-69coupe

[Brent.ff]

Man, sure am glad that the UCP havent got control of our CPP yet... we'd have all been all in on oil

[ExtraSlow]

On a serious note, actually relevant to the thread topic, anyone sitting on some cash, the market is on sale, but buy buy. I'm not smart enough to pick individual stocks, so I'll scrape together a few pennies and put them into the index funds.

[Mitsu3000gt]

VGRO down another ~$1.00, time to load up. I am loving this personally. I also picked up a little Air Canada haha, just for fun. Cruse ship stock might not be a terrible buy either.

[pheoxs]

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On a serious note, actually relevant to the thread topic, anyone sitting on some cash, the market is on sale, but buy buy. I'm not smart enough to pick individual stocks, so I'll scrape together a few pennies and put them into the index funds.

Pretty sure it can still go lower though. At some point if/when the US actually starts testing their numbers are going to balloon faster and cause more shockwaves. Hoping for another -10% still

[ExtraSlow]

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Pretty sure it can still go lower though. At some point if/when the US actually starts testing their numbers are going to balloon faster and cause more shockwaves. Hoping for another -10% still

I'm not the guy to accurately pick the bottom of something like this. But for anyone with a longer term passive approach, and money to invest, makes sense to buy more soon-ish.