RE:RE:RE:Biden fighting Climate Change I couldn't agree more , I am starting a call to arms for our industry on the Nuvista Board , Could sure use your ideas and your help.
I am talking to everyone here !!
Seppelt wrote:
Climate change is real and also real is the hysteria and actions taken against the industry. We do keep that in mind but it's too early to get out and run.
We had a strong rally since early November and that proved that betting on a recovery from the pandemic was a good strategy.
Oil is strong but few believe it will break out based on supply discipline only. You need all lockdowns lifted and people start driving and flying. I already see an improvement in many jurisdictions so give it another 3-6 months. And there more vaccines in the pipeline. J&J is expecting its vaccine approved next week. I believe it's a single doze and if approved, the concan start delivering end of February.
Natural gas is good but the winter has been average so far which has disappointed many bulls. There is weakness across the board and little excitement of EIA reporting today a huge reduction in crude storage. Fuel stocks are still high and refinery capacity utilization is below normal. COVID is still around.
If this stock goes below $2, it will be a good buying opportunity. If I didn't have any, would probably buy some now.