RE:RE:Oversoldfinally oil price is catching up on middle east risk premium. I was kinda puzzled earlier on why oil traders aren't placing any disruption premium given the area conflict around yemen, syria, red sea, iran, gaza, unkraine, etc However, the market seem to be slow to accept these supply risk while fear of recession still overhanging
mrbb I view oil price projection from banks are quite one dimensional, ignoring supply risk from political and international events. downwithdotcom1 wrote: wow...oil is up near 3% today alone, BRENT has crossed $80 and yet some of the oils including CVE are bouncing off YEAR LOWS..this is clearly the paper traders at work - need Q4 results including where we are getting to this 100% FCF debt threshold to re-ignite this stock and maybe burn these short positions at the same time. dwdc