RE:RE:RE:Talk about mixed opinionsGood thoughts , agree with you about not having a spike and slow steady returns for a few years.
The question arise though , if you sell BTE , what are you going to purchase ?
Overbought and Overvalued Tech stocks/ Cannabis stocks . Energy stocks are the cheapest and should reach previous highs . After the 2000 tech crash , it took 10 years for them to reach previous highs . Oilstocks crashed in 2014 and we should see all of them atleast retest previous highs in 2024( likely due to a revlaution) .Even the hardcore ESG driven Californian pension funds are buying Oilstocks . 20$ atleast in next 2-3 years .
morrisminiman wrote: I think a year or two of $80-90 and then a settle to 65-70 would be good for oil longer term. High enough price to pay down substantial debt, and not a spike that will bring back over-supply. If oil companies are turning profits the price will go up and for most of them anything above $50 is good. A $90 price for two years kills the industry as price as that brings in everybody and their dog in tue US shale patch and OPEC+ again opens their taps to drive down price and push them out.
Im tired of being a bag holder, I just want to see graduale increasing share price, and perhaps dividends longer term.