Post by
HighOctane89 on Oct 21, 2022 5:06pm
What can you say ........
I've been laying low lately just watching and listening since I've had nothing new to add . The push/pull of "everything" is pretty unique and to be honest , I have never seen anything like this .
UK politics ...... what can you say ? Next Friday they get their 3rd PM in a couple of months and have done more U-turns lately than the Russian army . Too bad Canada can't dump a crappy PM that easily . Biden has painted himself into a corner where he tries to shame oil producers to ramp up production while attempting to put them out of business . The world is laughing at Biden since he has the ability to beat inflation but the solution will destroy his voter base . The economy will decide the mid-term election and Biden's impotent SPR release has done nothing but postpone the inevitable and piss-away US energy security for votes he will never get .
Next week we see another UK PM , another interest rate increase and who knows what all else . I find this all more entertaining than aggrivating simply because , you couldn't make this stuff up" and actually have anyone believe it .
M. McGloom will continue to push "short oil" and "long bitcoin" as the Ostrich crowd ignore the signs . In my estimation , some very hard truths will have to be reckoned with between now and 2023 , the next few months will be volitile and not for the faint of heart .
Comment by
Hightowntrader on Oct 21, 2022 6:05pm
AKA... Just woke up from a 2 week bender, that was funded from our last 20% rise in a week...lol Hookers and blow were thoroughly enjoyed! ;)
Comment by
masfortuna on Oct 23, 2022 1:03pm
And you forgot to add that with the US Fed announcing that they plan on buying oil at $67-$72 it actually acts as a "put" on oil which limits the downside to that range. So worst case scenario, oil trades 20% lower than where we are. All this without factoring in Opec+ and their reaction if oil drops below a certain level. So for minimal risk we can achieve very high rewards.
Comment by
dllscwbysfn on Oct 23, 2022 1:14pm
Yup, I agree. Less debt, less interest. Strong US dollar also quite positive. Sooner or later this stock should be rewarded!