RE:RE:Insider TradingAm I crazy?
No need to answer. I just feel that with earnings coming out there are going to be some great oil and gas days as long as the market is not tanking at the same time.
Lets look at reality.
Most companies are going to have tons of cash.
Most companies are going to pay down debt or all of it.
Some companies are going to start a dividend, only some just starting like VET so that means income coming in for more shares. I drip everything.
Some comapnies are going to raise dividends, some put out special dividends.
And most will raise production slightly or buy new production, new land etc.
This is going to happen for at least the next six earnings quarters right into April June 2023.
So with a shortage of money from banks, lenders, new issue investors, pipe, equipment, experienced staff, rigs, compressors, housing, pipelines with capacity etc etc. exactly where is all this new production going to come from?
Yes, we have seen oil and gas boom and busts before but we have never seen environmental and political issues like these to restrict it all. Why would any of these companies ever go out on the limb again just so people can have $3 a gallon gas in the U.S.
I am sticking around for another double, triple or five bagger.