Great Rerate Black Friday!For those too young to know about industry sector rerates here is a great example...this was a great day. Why you ask?
Well because much to the angst of the bears and shorts we rerated LARGE today
Facts and Data below (NO ONE CAN ARGUE!)
Jun 2nd, 2021
WTI = $68.83
BTE = $2.03
Aug 25th, 2021
WTI = $68.36 (tests $68 again)
BTE = $2.03
NOW WAIT FOR IT THE VALUE OF TIME MONEY AND RERATING
Nov 26th, 2021
WTI = $68.17 (tests $68 again)
BTE = $3.81
Yep that is a good ole time value of positive WTI over months and progress of the O&G sector in Canada
Now wait for the COVID garbage to rinse/repeat/disappear and WTI climb back to $80+
Now you see the next Everest push....
Bears and shorts not happy today and they will certainly attack me for saying "HOW CAN YOU BE HAPPY ON SUCH A DOWN DAY"
IT'S CALLED RERATE!!!!!!