$66 WTIIts hard to believe the level of whining and outright stupidity on display here . If the advice is "sell in May and go away" then what are you still doing here ?
WTI has tested and held $60 several times , the overal trend continues to be up . One of these Wednesdays the EIA will post a massive drawdown in every catagory and WTI will be trading at $70 - $75 . When that happens , expect another run-up in the sector . Is oil politically correct , who cares , its essential and will be for years to come .
This Q has been backed by solid prices and while the sector isn't popular , it is gaining interest and recognition . Stocks like BTE still have multiple gain potential and are still heavily undervalued so I remain bullish . FCF for Q2 will be impressive across the sector and hard to ignore although I do expect another leg up long before Q2 numbers are reported .