$Imperial Petroleum (IMPP.US)$ even though people made fun o...
$Imperial Petroleum(IMPP.US$ even though people made fun of this company for only shipping oil, I feel like it's a safe bet, given that the transportation of oil will be in high demand. Oil refining companies in the U.S. might soon be hot as well. The U.S, and others will need to increase production. I'm still hoping to see these oil prices on the move. Food for thought. You cannot simply cut it a major supplier of oil and gas, and expect it to cut the cost of oil, gas, and refining, instead of increasing it. That's quackery. Some folks have to save face and try to prevent panic. Green energy will have its day, it will just take time. OPEC says they have the oil, but that doesn’t mean that it will be cheap. This is what I believe, personally. Give me some feedback, if you wish. I hope that impp goes parabolic tomorrow!
Ps: I kinda like to go back a few years to the last recession time period and look at the staggering stock prices of a lot of these oil companies. (I know impp is fairly new but check them out) Oof 😅 a guy can only hope.
I’m trying to gauge the situation. I’m not trying to hype. Chime in, I would like to open a discussion with everyone. ✌️
Ps: I kinda like to go back a few years to the last recession time period and look at the staggering stock prices of a lot of these oil companies. (I know impp is fairly new but check them out) Oof 😅 a guy can only hope.
I’m trying to gauge the situation. I’m not trying to hype. Chime in, I would like to open a discussion with everyone. ✌️
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102884669 : I made some money on the stock, but I gave up some profit last night. I'm hesitant to come in again.
BirdisthewordOP 102884669: I understand the hesitation. I’m trying to figure out if it is in a full reversal, or it is going to die off.
LazyGirl_ : Hesitate..kill me in my profit taking
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102884669 BirdisthewordOP: But the war will continue for some time, the oil price will rise, and now Singapore is already $3 a liter.
Andre88888888 : As long as oil prices go up, anything linked to Petroleum should most likely get sympathy plays. Just have to slap "Petroleum" behind
if oil heads back to 130, we should be able to see more upside.
BirdisthewordOP Andre88888888: I sure hope so lol. I wanna be able to exit at the proper time, whenever that is. I’m trying to make sense of everything, and I don’t have the answer. I’m only sure about something if it makes sense on paper. It does, but it didn’t unfold the way I thought it would today. I was taken aback. Thanks for chiming in.
102765320 Andre88888888: One barrel of Brent crude oil is already 131 today, but through some sorceries this oil stock went down instead of up
BirdisthewordOP 102765320: Most of the oil stocks did.
joeyboulevard : if this is only a shipping company, chances are it's prices will fall before oil prices do. High gas prices cannot last forever. But which U.S. oil companies look good?
BirdisthewordOP joeyboulevard: I’ve read that it isn’t just a shipping company, but some say it is. And that is the golden question, right? Im in multiple oil stocks at the moment. I saw all of them take a dip today. If it was only this one, maybe I’d think something else was happening narrowed down to impp. It made oil stocks look shaky.
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