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Which of those categories have experienced government intervention? Seems a correlation
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Seeing CDs rising. 18 month hitting 4.05 death put. Callables are higher
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I sold half my holdings in Walmart in Feb. The PE got to 42 which I thought was crazy. It went up to 48 after that. Stupid me didn’t sell the rest.
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Largest weekly drain in history. That’s wild.
[quote=“TheMandell, post:3695, topic:36998”]
Largest weekly drain in history. That’s wild
We’re selling it overseas, making money at high prices. We’ll buy it back when prices drop.
Remember, Congress refused DJT when he proposed buying oil under $20 for the SPR in 2020.
FYI, I couldn’t quote the article attached because it had the trumpp word yet it was posted above. How does that happen?
The government isn’t selling it - we’re giving it to refiners in exchange for a promise to return more later. Those companies are selling it at high prices.
just awful — could have saved us a fortune but some had to spite “the man”
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[quote=“coachv, post:3697, topic:36998, full:true”]
Yes that’s the point. We’re selling it and prices are still high.
We’re not selling it.
Interesting. I wasn’t aware of the swap deals. Damn, just another grift.
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The SPR was at like 90% full in 2020…so what are you talking about ?
Of course government revenues were down and expenditures were at super high levels.
So your take is a bit suspect.
2020 634,967 634,967 634,967 637,826 648,326 656,023 656,140 647,530 642,186 638,556 638,085 638,086
One thing you know about the current President, he doesn’t turn down an opportunity to make a buck
Strategic Petroleum Reserve (SPR) sales are U.S. government competitive auctions of emergency crude oil managed by the Department of Energy (DOE). Authorized by the President during severe energy disruptions or mandated by Congress to fund other legislation, eligible registered companies must submit bids during a formal Notice of Sale.
[image]Department of Energy (.gov) +2
Types of SPR Sales
- Emergency Sales: Initiated to address sudden energy supply interruptions or lower costs at the pump. The DOE issues competitive auctions where the highest bidders secure contracts.
- Congressionally Mandated Sales: Required by law to fund federal spending or SPR modernization projects. Proceeds typically go to the U.S. Treasury rather than to replenishing the reserve.
[image]Department of Energy (.gov) +2
It truly is the worst possible “deal” for Americans. When you consider that we have enough domestic production to satisfy refining needs and capabilities, this is purely a gift to the oil companies who can turn around and sell the oil at a premium. By not doing the typical “sell/buyback” deal, we’re giving up huge money.
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