RE:RE:For every 1.00 move up with Brent,,,, I think it could be argued that a Biden presidency would lead to a rise in oil prices, as Biden will likely tamp down shale subsidies in favour of renewables, and he will not allow drilling in ANWR. This could dampen US production and help oil prices stabilize. I also trust a Biden administration to take proper measures against Covid in the US which could lead to a faster normalization of the economy, with borders being opened and flights resuming.
stockmarket1 wrote: Good point Duke... I've added the past 4-5 weeks but now I think I'm done. My cost is in the low teens and now have enough shares. I don't want to ahead of myself because then the risk increases. Until I see the debt decline somewhat..... there's still alot of risk. There's still the risk of Wti / Brent declining. A Biden presidency is a huge risk to this sector. Just my opinion. Comments welcomed.