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Is BRK-B a buy right now?
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I’m no expert on this industry but it think this low a price of crude impacts the very existence of these oils companies. I think they’ll be a series of bankruptcies coming. Thus, steer clear for now.
Still down considerably, but the widely quoted price (which is for a May contract which expires tomorrow) is largely irrelevant. Points to the underlying storage shortages yes, but it’s just a bunch of people selling prior to taking delivery.
June contracts are still ~$20 (what a world we live in where this seems high 😳)
People are talking of negative oil now
Pro
Yup
How do oil & gas stocks react to oil prices in these days?
What’s the non-options play here, if I’m willing to hold a while? USO? OIL? Steer clear?