RE:Good day for a stock buybackYes makes zero sense that oil is down 3.2% today, given the drawdown news yesterday. Today's oil selloff is one of two things. 1) Profit taking, although oil companies have been beaten down quite severely the past month and valuations are quite low or 2) the market is telling the Saudis - after they warned short sellers - we have more control of the markets than you. I think it is reason #2 as it is easier to sell oil positions on any given day while limiting oil production as a means to support the market are cumbersome and not always successful. The fundamentals suggest oil sb closer to $80 than $70 and at some point 1-4 months away we will have a better idea of the S/D balance. I'd like to see $90-$100 oil and see if the Americans can fill the SPR like they said they would in the later part of 2023.