RE:OPEC in control You got it Wild. Nothing matters anymore is OPEC acts to "Ensure Margin" (ha the basher moniker funny)
Just like Apple would scale back production in a recession so should OPEC.
This is a new era I feel....COVID taught OPEC a valuable lesson.
As a result energy investors should now get what is deserved including strong balance sheets, buybacks and dividends.
Just like the banks.....and I would say energy companies provide FAR more value to the world than banks imo
Wildfury wrote:
OPEC is control , period. Less demand , no problem , higher rates , no problem , with less demand we will just scale back our production since there's no need to create over supply is there . When will they learn that 2020 scenarios never happen again .