Post by
Wildfury on Apr 20, 2022 12:15pm
Schachter energy report on BNN
He's saying yes, we're in a Super cycle in commodities, he sees $150 oil, possibly a recession to follow with a minimum of a 5 year run.
Comment by
Cobalt on Apr 20, 2022 12:43pm
No he said recession first then all time highs , targeting a pull back into Q3 , load up in the weakness of the recession for a 5 year run, love that call
Comment by
Nothingmatters on Apr 20, 2022 12:48pm
Call doesnt mean he will be right, idiot...
Comment by
BayStreetWolfTO on Apr 20, 2022 1:08pm
Wild, when one of the biggest longest bears starts calling a multi year super cycle it is positive sentiment change....I have talked about sentiment for a long time.... Generalists will take note they are not too late for some impressive returns. Note his comment on WCP.
Comment by
Wildfury on Apr 20, 2022 2:09pm
Yes Wolf, he's been to the Eric Nuttall school of supercycle commodities coarse & Whitecap is his #1, hope he doesn't jinx me lol. Once most of all these energy companies pay off their debts, $70-$80 oil will be more than enough for future growth.
Comment by
Cobalt on Apr 20, 2022 2:51pm
#1 Oil name but likes NG names better , really likes the NE BC , NW Alberta NG names they all are take-outs for west coast LNG the players dont have enough gas for it yet.
Comment by
topdown99 on Apr 20, 2022 3:06pm
Good point Cobalt , old Joe is a walking contradiction (then again maybe its the name , Biden's a fricken mess too) , lol