iShares S&P/TSX Capped Energy Index ETF IUNSF

shorted

[RusticHit]

Shorted in Morning at 16.54 energy is in Bubble now

[Schussing56]

You could be right. Shanghai, the busiest port in the world, is moving very few goods. If it continues much longer there will likely be an effect on the world's economy. Also, OPEC+ just pledged to increase supply. On the hawkish side, the EU is trying for a complete ban on Russian oil. If they succeed, that should drive prices higher. I think, the main area where we don't agree is, all

[RusticHit]

covering half  though this could drop to 14.50 easy but profit is profit these stocks are overbought like Oil and Natty

[Schussing56]

Whoo hoo! Quite the distribution today! Looks like 10.7% for one quarter, by my calculations! That would be 42.8% on a yearly basis. Projections are for oil to average about $106 per barrel for the duration of 2022. Germany is desparately searching for something to replace Russian Oil, and Biden is desparately trying to get a cap on the price per barrel. I think he's made some progress by