Tough couple of days for sureJust returned from vacation and obviously the price action over the last week hasn't been fun. But I did add to this and some other names that got absolutely beaten up over the OPEC+ nonsense, which is just short-term noise. Even in the mid-60s, WTI is in a sweet spot that will drive huge profits while keeping shale production growth and the push for mass EV adoption at bay. While tough at the moment, the OPEC+ plus deal keeps discipline in place while avoiding another costly price war, so it really needs to be viewed as a win.
I'm the last person who would ever scream about market manipulation, but this correction is a joke when you consider what's coming down the pipe earnings-wise and longer term.
Stay long and strong, friends. And for those who haven't yet blocked MHP, I would highly encourage it. I'm sure he's spewing the same garbage about Kakwa, management and 1/2 cycle economics etc., so believe me you won't be missing anything and this board is a much better place without him.
Stay long and strong, folks!