RE:RE:RE:Oil stocks can’t find direction I agree with your point and this is physical fact, but historically the market reacts more on the news rather than what is going on under table at least in short term. Any news from Iran nuclear talk positive or negative will impact oil price and oil stocks accordingly for a certain period of time, however in the long term the market will balance it self based on physical supply and demand.
I see 2 reasons to hold oil stocks unrealistically low taking in to account $70+ WTI.
One is Iran nuclear talk and the other is uncertainty about Covid.
Other than that oil stocks will be traded much higher especially BTE that is still way undervalued compared to its peers.