RE:Exit conditions or exit price? JohnnyDoe wrote: Lots of mentions of exit price. I'm kind of more interested in exit conditions. I study data and the data says Nuttal's view of a supply demand imbalance is right. Barring a major demand collapse, we gonna short a few barrels soon. I have a notional timeframe in mind but if the market conditions continue to point to a shortage at the time, there's no need to sell.
the other half of it is.... It's not just "investing" for a lot of folks here it's a hobby. Ya you can walk away because you have enough money but then what? You going to stop paying attention to the world around you? I'll build a passive income stream from stable blue chips, but I figure I'll always dabble in the BTEs of the world
I spent 30 odd years in O&G , this is a labour of love , not a hobby . I have had a front row seat to this supply trainwreck that green politics have saddled us with . I saw work dry up , I saw friends and coworkers laid off but I never saw any loss of demand . To those who have paid attention and stepped up to the plate , the rewards are only starting now . The damage green politics have done totally backfired and the real winners are O&G shareholders considering reduced capex and balance sheet improvement . 2022 will be stellar