RE:RE:April 18th $1.25Yeah and this guy calls for sub $50 oil in a few weeks due to shoulder season: inventories will build a bit due to end of summer driving season and oil will go into a freefall...
I mean if you are convinced about that, you would not recommend any oil stock whatsoever. They are doing poorly with oil at $56 U.S. WTI, differentials doing great, just imagine how poorly they would do under that scenario?
One should wait for that to play out but, his abilities to predict such thing is as good as yours or mine. His natural gas calls have been absolute disaster and for this guy to think that the market does not know about incoming shoulder season demonstrates both arrogance and stupidity.
IPO is certainly cheap and attractive and I agree with him but, his call made with assurance for oil to go sub $50 and still recommend any energy investment is dumb!
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