Author Topic: Coronavirus Deals  (Read 2051 times)

kenmoremmm

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Coronavirus Deals
« on: March 05, 2020, 09:34:20 PM »
what deals are people seeing out there as a result of the coronavirus?

i saw alaksa air had some pretty good rates:
https://www.alaskaair.com/content/deals/flights

i assume many tourism-related companies will have similar offerings. restaurants? movie theatres? etc.

post 'em here!

redbirdfan

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Re: Coronavirus Deals
« Reply #1 on: March 05, 2020, 09:42:29 PM »
I'm a huge baseball fan.  I'm hoping to score cheap tickets to the Cardinals v. Cubs games in London (assuming there is a baseball season). 

Buffaloski Boris

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Re: Coronavirus Deals
« Reply #2 on: March 07, 2020, 10:14:10 AM »
If you want to take a cruise to Alaska in April they're going for $499 for 7 days.  That's a steal.  Source: Expedia. 

v8rx7guy

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Re: Coronavirus Deals
« Reply #3 on: March 07, 2020, 10:56:30 AM »
The S&P500 is a pretty good deal right now!

MasterStache

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Re: Coronavirus Deals
« Reply #4 on: March 07, 2020, 12:41:59 PM »
Scored a lower interest rate on our mortgage ( :

Bloop Bloop

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Re: Coronavirus Deals
« Reply #5 on: March 07, 2020, 04:54:48 PM »
Basically, the worse this thing gets for the economy, the better it gets for people who are good with money.

And generally speaking, a low wage growth, low inflation environment is fantastic for investing and FIRE. Low wage growth/inflation = easier to increase your relative wealth and purchasing power.

Buffaloski Boris

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Re: Coronavirus Deals
« Reply #6 on: March 08, 2020, 05:16:41 PM »
Gasoline prices are going to go down. A lot.

Plina

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Re: Coronavirus Deals
« Reply #7 on: March 09, 2020, 10:51:30 AM »
The problem with travel deals is that you might  have to prolong your vacation if the place is put in to carantine. So more hotel nights on your own dime and restrictions sometimes that you can not leave the hotel and a lot of extra vacationdays. I donít want to spend my time at the hotel if I am on vacation.

LennStar

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Re: Coronavirus Deals
« Reply #8 on: March 09, 2020, 12:04:42 PM »
The S&P500 is a pretty good deal right now!

Oil. Brent, WTI or whatever, don't care. 20% drop? Near millenium low?

Other people buy tons of toilet paper. I will buy tons of oil papers.

Fireball

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Re: Coronavirus Deals
« Reply #9 on: March 09, 2020, 01:22:03 PM »
The S&P500 is a pretty good deal right now!

Oil. Brent, WTI or whatever, don't care. 20% drop? Near millenium low?

Other people buy tons of toilet paper. I will buy tons of oil papers.

YES. I did this 3-4 years ago when oil was $37-ish a barrel. Cashed out a few weeks later with a nice +30% return.

Boofinator

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Re: Coronavirus Deals
« Reply #10 on: March 09, 2020, 01:55:59 PM »
The S&P500 is a pretty good deal right now!

Oil. Brent, WTI or whatever, don't care. 20% drop? Near millenium low?

Other people buy tons of toilet paper. I will buy tons of oil papers.

YES. I did this 3-4 years ago when oil was $37-ish a barrel. Cashed out a few weeks later with a nice +30% return.

Do you know something everybody else doesn't? Because there appears to be a huge oil glut at the moment, with OPEC and non-OPEC countries amping up supplies in order to keep revenue streams going and put the squeeze on American producers. https://seekingalpha.com/article/4330721-why-russia-killed-opec-deal (Apologies if I missed a piece of sarcasm.)

J Boogie

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Re: Coronavirus Deals
« Reply #11 on: March 09, 2020, 02:07:42 PM »
I'll probably increase my 401k contributions soon.

Not sure oil is a safe play moving forward. You know how we had the peak oil scare many decades ago? I think we might have the opposite now. Peak oil demand.

What if the all the remaining demand for oil could already be satisfied by current reserves + wells? What if legacy engine use will taper down significantly and the cost of extraction no longer pencils out? What if XOM, OXY, et all simply liquidate slowly over the next two decades?

That's all theoretical. What isn't theoretical is that the new generation of investors have less and less interest in fossil fuel profits. So you might make some nice dividends but those will probably be cut soon.



LennStar

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Re: Coronavirus Deals
« Reply #12 on: March 10, 2020, 11:05:59 AM »
The S&P500 is a pretty good deal right now!

Oil. Brent, WTI or whatever, don't care. 20% drop? Near millenium low?

Other people buy tons of toilet paper. I will buy tons of oil papers.

YES. I did this 3-4 years ago when oil was $37-ish a barrel. Cashed out a few weeks later with a nice +30% return.

I "only" got out 24% after a few months :D

Quote
Do you know something everybody else doesn't? Because there appears to be a huge oil glut at the moment, with OPEC and non-OPEC countries amping up supplies in order to keep revenue streams going and put the squeeze on American producers. https://seekingalpha.com/article/4330721-why-russia-killed-opec-deal (Apologies if I missed a piece of sarcasm.)
Quote
What if the all the remaining demand for oil could already be satisfied by current reserves + wells?
The demand can be matched with the existing wells since decades.

That is why OPEC etc. was founded. To regulate the flow of oil and ensure high prices. There is a reason it's called the oil cartell ;)

The oil price is political. And those politicians who have most of the oil need higher prices. (Russia is calculating with $40, the Souds with I think $60)
What is done now is a second attempt to kick out the US fracking oil producers. The first strike (the one mentioned above) was supposed to bankrupt the fracking industry, but they were more robust (read: produced cheaper) then thought.
But they have been on short money for all the time. And the easiest to reach fracking sites have already closed down, so it is unlikely the production price will ever go down (and the few enough regulations were already scrapped by Trump, not much to gain on this side, too).

The oil price will be going up, the question is only how far and how long it takes.
(I am actually 50/50 if it will go down more when the contracts run out on 1st of April.)
I am betting that it is a better "investment" than stocks at the moment. Of course you don't have to follow. All predictions are hard, especially those about the future.

Telecaster

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Re: Coronavirus Deals
« Reply #13 on: March 10, 2020, 03:08:30 PM »
Do you know something everybody else doesn't? Because there appears to be a huge oil glut at the moment, with OPEC and non-OPEC countries amping up supplies in order to keep revenue streams going and put the squeeze on American producers. https://seekingalpha.com/article/4330721-why-russia-killed-opec-deal (Apologies if I missed a piece of sarcasm.)

The other thing about oil producers is when the price drops they need cash, so they start producing even more.  This thing could take years to sort out. 

AnnaGrowsAMustache

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Re: Coronavirus Deals
« Reply #14 on: March 11, 2020, 05:34:25 AM »
Lochinvar Hotel in Aussie is offering a free roll of toilet paper to anyone who buys Corona beer

https://www.newcastleherald.com.au/story/6664120/newcastle-harbour-gets-the-toilet-paper-meme-treatment-video/