Post by
lensgto on Jan 28, 2022 12:43pm
We're in the early innings of a strong oil cycle
We're in the early innings of a strong oil cycle: RBC's Michael Tran : Michael Tran, managing director of Global Energy Strategy with RBC Capital Markets tells BNN Bloomberg that investors often conflate price with duration and that despite oil prices doubling in the past year, this is the early stages of a bull oil cycle.
Comment by
lensgto on Jan 28, 2022 1:11pm
https://www.bnnbloomberg.ca/commodities/video/historical-oil-rules-of-thumb-have-completely-gone-out-the-window-rbc-global-energy-director%7E2371287
Comment by
BayStreetWolfTO on Jan 28, 2022 1:14pm
It is good to think of the cycle.... I am thinking of this weekend Fri, Sat, Sun over $6 million in Free Cash Flow at $87 Sounds like a pretty good weekend! But yes the future looks interesting!