WTI - $110.50 + Brent - $111
WTI -$110
1) oil/gas is being looked at globally much different in the past few days. It's gone from black sheep to $100 plus dollars and its going to be looked at as the savior , watch the spin that is going to take place from the top down .
You will begin to see messaging coming out ( spinning hard- spin doctors ) and I can't tell you what this spin will sound or look like , but if I was to guess it will revolve around how we have reduced the carbon foot print with drilling , car engines don't polute . The leader of the free world is hooped with fuel this high , and the world is not ready for all electric cars and they over punished the oil / gas industry FOR VOTES - to now LOOSING VOTES because they sold themselves on a idea not a plan.
2) Task away this war in Ukraine and focus on the dividend increase witch brings us convienantly to approx 4% . I see the stock getting a bump in the coming month to $10.50 to $11.00
3) cushing is down to 23 M barrels - air travel is just getting going , and we are to have all these infrastructure bills being past to boost the post covid economy
What's my point - I am working at re framing my mind
so I stop looking at what I bought at or where we are trading at , and working at setting a new target price
I have said I trade with a exit price , so what do you do when everything changes and the target price you had to exit and is now a entry point !!!
What I call a quality problem.