RE:RE:RE:RE:RE:This company needs an NCIBAnd cheers and good luck, hope you do well! A person never knows for sure what can happen.
So many scenario s going forward exist each way.
Biggest bearish thing going forward is governments of two largest economies of the world, USA and China are making rapid efforts and polciies to lower fossil fuel use. The past data doesnt matter, China will eventually turn the tide and lower fossial fuel use.
Not only can China throw money at the problem they can also regulate and make policies discoruaging the car industry from making combustion engine vechiles.
China over built on coal power plants as they want the power generating capacity to electrify transportation as much as possible. Rural China adoption is not happening but the government can slowly just force citzens to ev s through power to make policy.
A person can still make money on energy stocks through the cycles but cycles are likely to happen.
Nobody can predict the time and month it will hit low or high.
At some point it will be news out of China of lower demand that will likely cause the fall. Whenever that happens it will effect USA oil inventory and product supply builds. USA has to throttle at max exports levels to hold 70 oil and china has to hold or supply will overwelm in the USA.