Wednesday, February 10, 2016

Oil Trade Summary 2015

Going through some of my trades in 2016, I was very fortunate to close out a large allocation of my trading oil positions mostly in 3Q. I didn't expect the Oil prices to remain low for this long but looks like the market will take longer to recover from low prices.

Short term trades for oil in 2015:

StockQuantityEntryDateEntryPriceExitPriceExitDate
tga7802014-12-033.1504.08002015-05-08
cvrr1902015-01-0917.46018.74002015-06-09
wpx10002015-08-265.5008.15502015-11-13
xom1002015-08-2670.75079.67002015-11-13
dvn2002015-08-2639.15041.19002015-10-29
bp1502015-09-1530.71033.59132015-11-13
mur2102015-12-3022.69022.58002016-01-06

Still holding for 2016

Then I added to my losing positions in SU, BXE, AREX and still holding CVN, CNX, CHK, NOV, ATW, WRES.
The above positions are significantly underwater, but luckily I went from about 40% of my portfolio in Oil to about 25%. Some of the above stocks may go bankrupt, ATW, CHK are probably most at risk.
I added a large weight to gold and silver stocks which I will write about in my next post.