Goldman Sachs predicts $80 Brent crude price in Q3 Been saying it. No investment in new oil supplies.
Oil has been shunned by developed economies but reality is we industrialized using oil and cannot sustain the global village without it.
As demand comes back, there's not enough oil to feed consumers. Inventories will fall worldwide and oil will go from glut to shortage.
Good for provinces who produce and export.
GH will certainly benefit but recovery will take time. Patience required.
Bridge and I supposed to be supporting $7 share price for Kas but I think it's GH doing most of the buying these days.
Was a lot less stressful buying Gamehost shares at $9 pre-pandemic. Purchases $4-5 during pandemic were really a wager that vaccines would be successful and administered in a timely fashion. Big gamble. Upside from lows has been more luck than skill.
We are hardwired to gamble in the casino, not in the investment accounts.
Happy to lose on the slots or when Kasking slow-plays aces at the poker table.
Link to video:
https://www.bloomberg.com/news/videos/2021-04-01/oil-to-hit-80-in-q3-goldman-s-currie-predicts-video?sref=l4N7Hw7f