QUOTE(dwRK @ Dec 3 2019, 11:10 PM)
2 supermajor oil stocks... one EU the other US, been topping up past 10 yrs... was just looking at liquidating 3 weeks ago before this shit storm... also was gonna hedge it few days back but got distracted by something else...already got plans for this market pullback just didn't manage to execute... oh well...
Bro,... I don't know what your entry price is, but macro-wise, oil output by OPEC is said to be reducing after the IPO of Aramco this mth.
With reduction of oil output, naturally oil price will increase if the fear of less-demand is low. But the most recent news is that the first phase of the US-China trade truce will probably not take place anymore this year.
Secondly, please do cover the fact that your company may have company-specific issues, for which no positive macro-element be able to overcome.
For eg,.. I bought Eagle Energy Trust (EGL.UN) back in 2011, I think,.. Averaged down throughout the years. Today,... it (EGL) has gone into receivership. This is due to company-specific issues.
Just sharing some of my bad experiences,....