RE:RE:RE:RE:Kavern's Commentary...Q2 You're right Kav, a lot of people are feeling a lot of pain already and unfortunately, I believe the worst is yet to come.
The supply chain issues, the destruction of the food chain, interest hikes, the endless printing of money, the yet to reckoned effects of the plandemic, high levels of household debt, the bubbles bursting, etc etc. In 2020 Wall Street was flying (after the crash of the Dow to 21,600) while Main Street was dying but the markets went ballistic for almost 2 years to 37,000, but in the last couple of months the pain has become real. Dow got close to 30,000 today.
There are a lot of investors looking for a way to maintain and grow their portfolios and I believe energy is the sector many will turn too. The influx of money will buoy and increase share prices across the sector even if oil retreats 10-25% ad you predict, especially when they are reporting huge profits and dividends which a great many will at prices of $90+. And the sector is quickly becoming debt free which will derisk it further as other investment alternatives may have risk and expense from debt
The economics both of the commodity ( demand is greater than supply) and the associated market sector ( high demand based on very strong performance against limited shares available ) bodes well for the next several years unless there is a strong negative demand catalysts or significant incremental supply, or a combination.
There are and will be other ways investors can pergorm well in outside of energy but im starting to read headlines that go something similar to todays oil price.com article, if you don't like the pain at the pump buy oil stocks.
just my personal opinion, and I'm no expert