TSX:HSE.PR.B - Post by User
Comment by
jwallingfon Jul 03, 2019 2:19pm
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Post# 29884052
RE:RE:RE:RE:Maybe?
RE:RE:RE:RE:Maybe?My sentiments exactly. Trump is the big weight on the oil sector with his tough guy trade talks. A recession brought on by increasing China tariffs will send oil much lower. They're talking again, but Trump "is like a box of chocolates, you never know what you're going to get". On the other side is OPEC+ keeping supply in check. Saudi Arabia wants Brent in the $70-$80 range and is capable of doing that.
As you say, pessimism reigns so now would be the time to buy quality names. Husky fits.