Jim Cramer made a prediction about oil prices, which can be quite risky. I want to offer you a full analysis into what I think could make him right but also why I think he will ultimately be wrong about oil prices long term.
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DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
A good time to buy oil stocks was a year ago.
How many times we gonna talk asap?
when oil price went negative… that was the once a life time to buy energy stock…. he make me laugh…..
Oil companies are flush with cash. The buy backs are going to be huge. If wall street doesn't buy then they will buy themselves.
Oil stocks were great buy year ago, now it is quite late in my opinion.
You can probably ride oil, while the DOOOOOOFUUUSSSS SOCK PUUUUPPPPEETTT is in office.
After that…RUN FORREST RUN, RUN FORREST!!! 🤣😂😝
oil. feels too high to get in yet too volatile to short.
The longer the oil & gas prices stays high, the quicker demand will be destructed. My friend owns commercial real estate. He was always thinking of switching away from fossil to headpumps. 4 weeks ago he took the plunge and installed heat pumps and solar (especially for cooling in summer). He is one example only but there are more of those examples. The higher the sticker shock, the more of these examples. All that demand (unlike the temporary COVID dip) will never come back.
My play on oil was in Feb of 21' when I bought Energy Transfer for under $7, I sold it Monday for over $12 for a 74% gain, I'm out of the oil plays now and do not plan on getting back in anytime soon.
Jim Cramer took too much C again.
Today there were news articles about the EU setting goals for 100% of future cars not using diesel or gas by 2035. This is great and aligned with our necessities for the environment. I wonder if it will also signal to OPEC to be careful to not push the drop in demand for gas by raising the price on a barrel of oil.
I bought my shell at the covid crash en recently topped of most en left a free position running for the indef dividends and inflation protection. I divided most over 1/3 baba, 1/3 prosus/ 1/3 etf for pension. Hihi I know you hate Chinese stocks but i believe they are here to stay and like you always say: i a might be wrong etc 😛
But atm with $84 costbase its working out 😀
This is the chance to short the oil producers who were struggling when prices were low. Starting at a higher base the short has more room to run once oil starts to dip. Remember the world is shifting away from extreme oil dependence in the long run so many of these producers are going to zero anyway, just now the drop is higher
I'm just gonna down vote any clickbait videos now. How difficult is it to write "We need to talk ASAP (Cramer on Oil stocks)"?
Cramer!!!!!!! Yeah…. He is a voice of reason. NOTTTTTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Investing in oil stocks contributes to global warming. Be ethical, not greedy.
Fantastic information!!
never listen to Jim Cramer full stop, he as dodgy as they come.
Alright, time to short the f** out of those oil stocks. Thanks Jim.
JC is designed to sell commercials for CNBC. Full stop 🛑.
the only reason I thought the same also, once the dollar declines, commodities should rise even more. but once demand is crushed it will tumble again.
Good time to sell oil stocks.
Time to buy puts on oil, Jim Cramer is never… never… never right he’s a paid shill