Investing General Discussion

Shonuff

Mr. Poopybutthole
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Largest single order ever * cult factor * market momentum * fossil fuel is bad m’kay

anything else?
This is not bullish news. Queen Cathie says the money is in self driving for TSLA. And look at the quality ranking.


 

Sanrith Descartes

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<Gold Donor>
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This is not bullish news. Queen Cathie says the money is in self driving for TSLA. And look at the quality ranking.


Apparently lots of investors disagree.
 

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
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This is not bullish news. Queen Cathie says the money is in self driving for TSLA. And look at the quality ranking.



Go back like 18 months, we hashed through Tesla at about that time
 

Borzak

Silver Baron of the Realm
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Was at a get-together this weekend and ran into someone I know who drills for a living. No one is opening up new drill sites under Biden. It costs 70k to put in a new rig. Under Biden, EPA has increased fines to the point that no one wants to open up new drillsites. I asked him what it would take for new rigs. He says Biden needs to show that he's not going to allow the EPA to put the drillsites out of business. No one will invest in new drilling in the US. Trump let them drill how they want. He said it's so bad right now that they are fining 10k for an oil spot on the ground. If someone finds a dead bird, it's 10k. And they have all sorts of wackos planting dead animals on site. The other problem is that sites deplete, its going to get worse in the US. Other factors are inflation, with the cost of cement and steel going up, thats more uncertainty. Business owners love certainty over all else.

Why anyone thinks they are going to get us off of gas and oil in a year or so is ridiculous. We get 12% of energy from renewables. Anything more than 2-3% a year is unrealistic.

Hopefully this is the signal US drillers are looking for. I was a little buzzed at the time, but I think I heard him say that if they open a drillsite, they expect the EPA to let them stay and drill for 3-4 years.


Just got a check on an oil lease I own. Somenoe is drilling somewhere. Owned it for 15 years. Leased it right before the market collapse in 2008 and it didn't lease. Leased this late last year and they aren't drilling on the property but neighbors somewhere. Only own the mineral rights not the land and haven't been by to look but neighbors normally call to bitch like I still own the place.
 

Sanrith Descartes

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I dont have lots of knowledge of the industry but didn't most of the shale rigs just cap them when the price dropped? Why new wells when they can just uncap and pump?
 

Shonuff

Mr. Poopybutthole
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I dont have lots of knowledge of the industry but didn't most of the shale rigs just cap them when the price dropped? Why new wells when they can just uncap and pump?
I saw a chart on it somewhere showing depletion (can't find it). Reality is we are only adding 5-10 rigs a week in the US right now. And this could have been just one guy's statement, but when you hear that oil producers won't take Biden's call, it adds up.

Not wanting to make this a political thread, but it does affect stocks.
 

Mist

REEEEeyore
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31,800
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I really should have just put all my money in FSLEX. It has outperformed everything else in my portfolio by a very large degree.