RE:RE:RE:RE:4.00$ Now. Lets do this.BayStreetWolfTO wrote: 2022 is going to be a great year with anything over $65
GrumpyMonk wrote: I think if WTI holds. And i think it will.
We will have a great January.
Then when this bad boy will start going with share buybacks, clearwater results.
It will fly !
Happy holidays.
I don't think so Wolf. Yes, 65 dollar oil pays down debt, I get that. But it's not going to materially move the stock price. You've said many times you're looking at a June 30, 2023 timeline. I don't think steady 65 does much for you between today and that date. For the company, sure, but for me and you, no I wouldn't expect much.
the good news is that the macro oil situation says the probability of oil being quite a bit higher than 65 over the next 18 months is very high. Omicron is nothing. The middle class have a travel war chest built up. Demand is going to rise, supply is going to linger. I think it's more likely we see 90 dollar oil than it lingering at 65. And that's where the multi bagger potential is