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Bobak Izad

72 posts

Posts (72)

Bobak Izad OXY 6 years ago #3

$OXY This is for the dude that is bearish on oil and he is talking about Elon Musk. First, there is only small percentage of electric cars out there and they are pricy, for most people it doesn’t make any sense to spend 100K to save $300 a year on gas. Also, you can only get up to 200 miles and you got to wait at least 30 minutes to charge your car. (If you are lucky to find a charging station). But here is something that most people don’t get, we need oil for a lot other industries. For instance, a plane like a Boeing 747 uses approximately 1 gallon of fuel (about 4 liters) every second. Over the course of a 10-hour flight, it might burn 36,000 gallons (150,000 liters). According to Boeing's Web site, the 747 burns approximately 5 gallons of fuel per mile (12 liters per kilometer). We need oil for a long time and most likely, we won’t see a ny alternative in our lifetime. Don’t get me wrong, I am more towards left myself . I am sorry to break your liberal left wing heart.

Bobak Izad FRO 6 years ago #4

This one is pissing me off, got shit load of it and getting irritated every time I check my portfolio.

Bobak Izad FRO 6 years ago #5

This got to be $70 or more with 35% dividend, that means if you invest 250,000 in this, you make 6 figure every year

Bobak Izad FRO 6 years ago #6

Are you kidding me? It pays %35 dividends.

Bobak Izad OXY 6 years ago #7

Believe it or not it’s still cheap.

Bobak Izad OXY 6 years ago #8

lol. She went to a horrible law school,

Bobak Izad MRO 6 years ago #9

$6 is the new breaking point, I remember not long ago bears were saying that it wouldn’t pass $4, it took couple weeks but it jumped to 5 and 6, we will hit $9 mark next week when most placed open up and we will see $10 or $11 when we see the change in oil demand, just be patient,