Oil prices have not retreated I am not sure what sct is always trying to do. If that individual thinks oil only goes one way he is in the wrong profession. Trading is my profession. I like Cpg the worst case scenario for me I make 10k per month flipping or it goes up and I hold. If it goes down I hold for it to go back up. Or I buy more shares if it goes down
This is not rocket science like the individual thinks it is. Trade some, hold some or short some whatever your flavour is. Oil I personally can't see just vanishing overnight and I do not agree with all this climate change nonsense. If the largest polluters of the environment actually jumped on board this might change my opinion. The EV are interesting as they work in certain climates, they do not however make a stitch of sense in rural areas or colder climates. Jump on whatever band wagon you want but don't immediately jump on something that is not currently able to happen.
For example a largely unpopulated province, Saskatchewan, can not get the infrastructure in place for the ridiculous federal mandates for a minimum 20 years. Start thinking what you see happening over a longer period of time than 7.5 hours at a time. This is not a 60 second car.