If you’re “selling the news” on Oil right now, you’re a fucking idiot. via /r/wallstreetbets #stocks #wallstreetbets #investing


If you’re “selling the news” on Oil right now, you’re a fucking idiot.

Oil prices being sky high are not “news”. This is not the same as Apple announcing a new iPad or Amazon having good earnings. Oil prices being high means these oil companies are making ridiculously large amounts of money WITHOUT ANY CORRESPONDING INCREASE TO THEIR INPUT COSTS. THEY ARE JUST MAKING MORE PROFIT. Profit that they will share with their shareholders since no one is expanding oil production anytime soon. Russia invading might be the headline that triggered it but oil prices aren’t going to go down just because that cat is now out of the bag. This invasion means sanctions which will impact global oil supply, keeping prices at least as high as they are today for medium term.

Selling Oil because you think Russia invading is “the news” you sell on is like selling Amazon because Elon Musk announced that he has beamed the internet into everyones house for free. You’re selling because the environment has become MORE favorable to the companys bottom line.

Ask yourself these questions. Is oil going to drop now that Russia has invaded? No? Okay. Is the company you’re investing in going to stop producing and selling oil now that Russia has invaded? No? Okay. Then why the fuck would you sell.

Idiots.

May 20 SU 40 Calls

Submitted February 24, 2022 at 07:09PM by BiggestDickOnPluto
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