RE:WTILots of changes coming.
2023
SPR done? Otherwise US security issues...which is possible
BTE hedges roll off
Last BTE Long-term debt wiped out
Share buybacks increase to 50% scooping the flippers and shorts
Energy inflation = ZERO at $95+ oil
OPEC in full control of supply
DUC's gone...Frac spreads approaching near flat YOY
US production flatlined....not enough rigs versus historical growth phase
OPEC to manage supply with recession (just like they did with COVID)
Downside
China Covid (Supply controlled by OPEC to offset)
Recession (Supply controlled by OPEC to offset)
Apple is predicting a downturn also. To maintain prices I believe they too are cutting production.
Sounds like a smart move by Apple...
dllscwbysfn wrote: Price goes up after hours, likely to stay that way until the Americans go to work tomorrow morning. Will this continue after the mid terms?