RE:RE:RE:Crude futures...Dont bet on money printing any more, Inflation at a 40 year high real numbers are in the teens needs to be stopped now, so so late everyone knows it. QE ends this month and just days after comes the first rate hike, I all ready have started making moves to be ready for recession had to dump my copper names , my last clue was Goldman selling large in that name when they stopped they came out with lower growth forecast coinicident maybe. Real question is how high will oil stay in a recession with the shortage , how deep how long. Market wants cash flow now not out in the future No better place to be , low PE , great cash flow , good growth dyodd
fortunefavorsus wrote: I think you could add a 2.5-3.0X on the stock price easily based on $800 million of debt repayment and initiation of buybacks and dividends.
Oil prices are not going to collapse and are likely to stay above $90WTI for a year as there is no serious increase in oil supply to replace Russian oil but demand keeps growing.
The only black swan is a serious recession with demand destruction but Powell has shown he will print money forever so that will prop up commodity prices.