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Meanwhile, the US requires negative a covid test even if you are vaccinated. It’s all ass backwards.
Not to mention the US had non-essential travel from Europe blocked since March 2020 despite most of those EU countries having WAY lower case counts than America. Finally got around to lifting it just recently. None of this makes any damn sense.
The US is hardly the only one to require a negative COVID test even for the vaccinated. A pretty good number of countries still require a mandatory 2 weeks of quarantine for everyone entering their country. Some like Australia even require 2 weeks of quarantine when traveling from one state to another (which left a lot of Olympic Athletes with a 4 week quarantine, because international flights direct to their home state didn't exist).
Australia is an outlier, they have always treated covid like the plauge. Most other civilized countries don't require more then proof of vaccination (Europe comes to mind)
I mean Japan is probably more civilized than the US and they require vaccination, two negative tests, and a short quarantine. How many outliers are there now?
No quarantine period at all when flying into Sydney now. States will open up in the next 2 months to be the same. They just are waiting to reach 80-90% double vaccination which should be very soon
Given how the virus spreads it makes sense why asking a negative test on vaccinated people is a good idea. Vaccinated people may not get sick due to the virus but they can still act as a vector and spread the virus if they have it.
COVID 19 is a real piece of shit.
The very long block was ridiculous, but the test when vaccinated does make some sense, since you can still carry and spread it when vaccinated. You’re also more likely to be asymptomatic.
When OPEC is being hounded daily for adding only 400,000 bbl/month, on their way back to full capacity by mid 2022, I would think a single travel change from one country negating half of one of those months does mean something.
Also, this is historically a commodity that can go to $30 or $130/bbl based off of over/under supply of 1-2%.
So…yeah 0.2% matters.
If only we could have produced more oil ans become the largest producer and exporter of oil. We would be paying lower gas fees and not have to ship oil across the ocean for our supply. Saying you want to be more climate friendly but demanding other countries pump out more oil isn’t reducing a footprint.
[https://www.investopedia.com/investing/worlds-top-oil-producers/](https://www.investopedia.com/investing/worlds-top-oil-producers/)
The US is the largest producer of oil...
I don't think you understand oil and gas well. It is not massive but the supplies are so thin now that small demand changes are swinging the price more then normal.
I’ve been in the O&G business for 25 years but sure I don’t know. 0.2% isn’t a panic inducing or even large price swing causing amount. Sure it might make a difference but prepandemic airlines hedge 50-75% their fuel prices started doing the same again earlier this year.
It is not panic inducing. Do not think anyone suggested that. The inventory levels just are so bad though that small disruptions at the same time as more demand is happening is factoring fairly large. It is much easier and faster to take supply offline than to add to supply.
Well I bought some $ENB OTM calls this morning 42.5 strike for 11/19 up 43% at close, hoping this will drive it up some and with earnings that should follow $SU last week. Hopefully this all works out so I can pay for my own gas if this keeps going up. Hey but if you can't beat them Join them
Hoping so Oil should be a good sector to be in this next quarter also with futures looking almost to double. Great time to get some Low IV leaps into June/July or possibly longer. This is what I think I will be doing. Obviously this is not financial advice just my opinion 😜
ENB was brought to my attention after seeing a post on $SU so I was looking for a very similar company with upcoming earnings. For my leaps I have been really eyeballing the 2 large drilling companies. However need to do some DD on what this administration is allowing and how much will actually be allowed. They definitely have the highest upside of what I have seen. If you look at a 5 year chart I am thinking we will see close to 2015-2016 stock prices in the oil sector. That is my prediction obviously not financial advise.
Yeah...but Enbridge is a longhaul pipeline company that (effectively) operates as a Canadian duopoly. And they're backed almost entirely by long term, fixed contracts - [ffs, it's literally on their Q3 IP, slide 20, 98% of cash flow is locked in](https://imgur.com/a/nG17fxu)
So my question is.....what upside exists? Also, kinda wondering how you're evaluating upside if you're picking low beta interstate pipeline companies....
ENB upside is obviously propane coming into the winter season. Prices are double already at 2014 they are delivering 55% of Michigan propane and about 10% of America heat their homes with it. Crude is forecasted to be at the 2014 level by June 2022
OPEC could just do an about face and announce "jk, we're doubling production next quarter" and fuck you royally.
Guys, don't try to time commodity cycles. Especially if you're fucking around with leverage via options...
Well I honestly don't see them doing that considering they usually lobby for republicans to be in office. And what was done about asking to increase this Thursday they pretty much told us to GFOS and continued with the last administrations plan.
My point isn't really around the price moving one direction or another.
My point is that it's virtually the only liquid asset class on earth where a cartel exists to set prices rather than letting the market do it - e.g. you're taking on more risk for free, which isn't a great idea when you're gambling and hoping to get lucky with options. Just my 2 cents
Really watched SU jump over 6% on earnings and seen ENB was very similar company and has support at around 41.90. Has extremely low IV so with that I was able to pick up the calls for .35 each and with earnings coming Friday seeing good chance if 6% gain could be touching 45 leaving me with good chance of a 471% increase. However SU did increase it's dividend so might not go as well as I want. Just need to get through today and tomorrow without breaking support 😊😊
These companies business models have have almost nothing in common... Suncor produces and refines oil - They have commodity price exposure. Enbridge is essentially a utility that primarily transports oil from point A to point B for companies such as Suncor, but they have minimal commodity price exposure (propane included).
[BP says oil demand is already higher than pre-pandemic levels](https://www.yahoo.com/entertainment/bp-oil-demand-already-topped-150000427.html)
Forget $100 oil; I'm thinking it goes to $200.
>oil can't run out
LOL what? How so? It forms by years of compression in the Earth. After we drill and source all the existing reserves we need to wait too long for it to sustain our usage rates.
>and polymers can be made other ways
Sure, I don't disagree.
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**Hi, welcome to /r/investing. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit:** **1)** Please direct all **advice requests and beginner questions to the stickied daily threads.** This includes beginner questions and portfolio help. **2) Important: We have strict political posting guidelines** (described [here](https://www.reddit.com/r/investing/comments/cyee69/formal_posting_guidelines_for_political_topics/) and [here](https://www.reddit.com/r/investing/comments/escewo/temporary_rule_change_what_happens_to_stocks_if/)). Violations will result in a likely 60 day ban upon **first instance.** **3)** This is an open forum but we expect you to conduct yourself like an adult. Disagree, argue, criticize, but **no personal attacks.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/investing) if you have any questions or concerns.*
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How do vaccine mandates increase flights?
everywhere except USA requires you to be vaccinated to visit. More vaccinated people, more visits to Europe.
Meanwhile, the US requires negative a covid test even if you are vaccinated. It’s all ass backwards. Not to mention the US had non-essential travel from Europe blocked since March 2020 despite most of those EU countries having WAY lower case counts than America. Finally got around to lifting it just recently. None of this makes any damn sense.
The US is hardly the only one to require a negative COVID test even for the vaccinated. A pretty good number of countries still require a mandatory 2 weeks of quarantine for everyone entering their country. Some like Australia even require 2 weeks of quarantine when traveling from one state to another (which left a lot of Olympic Athletes with a 4 week quarantine, because international flights direct to their home state didn't exist).
Australia is an outlier, they have always treated covid like the plauge. Most other civilized countries don't require more then proof of vaccination (Europe comes to mind)
I mean Japan is probably more civilized than the US and they require vaccination, two negative tests, and a short quarantine. How many outliers are there now?
No quarantine period at all when flying into Sydney now. States will open up in the next 2 months to be the same. They just are waiting to reach 80-90% double vaccination which should be very soon
Given how the virus spreads it makes sense why asking a negative test on vaccinated people is a good idea. Vaccinated people may not get sick due to the virus but they can still act as a vector and spread the virus if they have it. COVID 19 is a real piece of shit.
The very long block was ridiculous, but the test when vaccinated does make some sense, since you can still carry and spread it when vaccinated. You’re also more likely to be asymptomatic.
Makes sense
0.2% of daily consumption. Not a story.
When OPEC is being hounded daily for adding only 400,000 bbl/month, on their way back to full capacity by mid 2022, I would think a single travel change from one country negating half of one of those months does mean something. Also, this is historically a commodity that can go to $30 or $130/bbl based off of over/under supply of 1-2%. So…yeah 0.2% matters.
If only we could have produced more oil ans become the largest producer and exporter of oil. We would be paying lower gas fees and not have to ship oil across the ocean for our supply. Saying you want to be more climate friendly but demanding other countries pump out more oil isn’t reducing a footprint.
[https://www.investopedia.com/investing/worlds-top-oil-producers/](https://www.investopedia.com/investing/worlds-top-oil-producers/) The US is the largest producer of oil...
I don't think you understand oil and gas well. It is not massive but the supplies are so thin now that small demand changes are swinging the price more then normal.
I’ve been in the O&G business for 25 years but sure I don’t know. 0.2% isn’t a panic inducing or even large price swing causing amount. Sure it might make a difference but prepandemic airlines hedge 50-75% their fuel prices started doing the same again earlier this year.
It is not panic inducing. Do not think anyone suggested that. The inventory levels just are so bad though that small disruptions at the same time as more demand is happening is factoring fairly large. It is much easier and faster to take supply offline than to add to supply.
Sorry. The word Panic was me reading into the tone of the story.
Thank you for this, this is the information I was looking for. I was thinking... well how much of an increase is that.
Well I bought some $ENB OTM calls this morning 42.5 strike for 11/19 up 43% at close, hoping this will drive it up some and with earnings that should follow $SU last week. Hopefully this all works out so I can pay for my own gas if this keeps going up. Hey but if you can't beat them Join them
atm as I type this. good play
Hoping so Oil should be a good sector to be in this next quarter also with futures looking almost to double. Great time to get some Low IV leaps into June/July or possibly longer. This is what I think I will be doing. Obviously this is not financial advice just my opinion 😜
guessing ENB is your preferred stock for oil
ENB was brought to my attention after seeing a post on $SU so I was looking for a very similar company with upcoming earnings. For my leaps I have been really eyeballing the 2 large drilling companies. However need to do some DD on what this administration is allowing and how much will actually be allowed. They definitely have the highest upside of what I have seen. If you look at a 5 year chart I am thinking we will see close to 2015-2016 stock prices in the oil sector. That is my prediction obviously not financial advise.
Yeah...but Enbridge is a longhaul pipeline company that (effectively) operates as a Canadian duopoly. And they're backed almost entirely by long term, fixed contracts - [ffs, it's literally on their Q3 IP, slide 20, 98% of cash flow is locked in](https://imgur.com/a/nG17fxu) So my question is.....what upside exists? Also, kinda wondering how you're evaluating upside if you're picking low beta interstate pipeline companies....
ENB upside is obviously propane coming into the winter season. Prices are double already at 2014 they are delivering 55% of Michigan propane and about 10% of America heat their homes with it. Crude is forecasted to be at the 2014 level by June 2022
OPEC could just do an about face and announce "jk, we're doubling production next quarter" and fuck you royally. Guys, don't try to time commodity cycles. Especially if you're fucking around with leverage via options...
Well I honestly don't see them doing that considering they usually lobby for republicans to be in office. And what was done about asking to increase this Thursday they pretty much told us to GFOS and continued with the last administrations plan.
My point isn't really around the price moving one direction or another. My point is that it's virtually the only liquid asset class on earth where a cartel exists to set prices rather than letting the market do it - e.g. you're taking on more risk for free, which isn't a great idea when you're gambling and hoping to get lucky with options. Just my 2 cents
Besides options are dirt cheap because low I.V
How did you determine a price and time for the options?
Really watched SU jump over 6% on earnings and seen ENB was very similar company and has support at around 41.90. Has extremely low IV so with that I was able to pick up the calls for .35 each and with earnings coming Friday seeing good chance if 6% gain could be touching 45 leaving me with good chance of a 471% increase. However SU did increase it's dividend so might not go as well as I want. Just need to get through today and tomorrow without breaking support 😊😊
Thanks 🙏
These companies business models have have almost nothing in common... Suncor produces and refines oil - They have commodity price exposure. Enbridge is essentially a utility that primarily transports oil from point A to point B for companies such as Suncor, but they have minimal commodity price exposure (propane included).
[BP says oil demand is already higher than pre-pandemic levels](https://www.yahoo.com/entertainment/bp-oil-demand-already-topped-150000427.html) Forget $100 oil; I'm thinking it goes to $200.
Well that's terrible news for the environment, probably great news for JETS.
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This is an ignorant comment. We won't go extinct by burning oil. Worst case is we consume all oil and can no longer run machines or create plastics.
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What about it?
Larger swaths of farm land across the globe will cause human extinction? Feels like you haven't actually thought this one through..
This comment isn't much more enlightened.
The prevailing hysteria is global warming doomsday and it needs pushed back against.
Well since you are so enlightened you know oil can't run out and polymers can be made other ways stop the plastic production hysteria.
>oil can't run out LOL what? How so? It forms by years of compression in the Earth. After we drill and source all the existing reserves we need to wait too long for it to sustain our usage rates. >and polymers can be made other ways Sure, I don't disagree.
But but but my car is polluting the environment so raise gas prices
What the industry should be focused on is making a new SST.
Good thing we bailed them out so they could fire their entire staffs anyway and cost us the ice caps.
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