NA Oil Producers - disconnect from Oil PricesWe will soon see a disconnect from oil prices.
There are alot of bullish catalysts over the next few months. To list a few
- Lower corporate tax rates (across the complex - improves P/E drastically and markets will reprice)
- Lower USD
- Threat against OPEC Dominance - US will rely heavily on Canada and Canadian Heavy will be priced at a premium
- Sanctions against Iran. (Lots of saber rattling).
There will be entry/exit opportunities. Goodluck everyone.