RE:RE:It seemsOil pricing seems to holding it's own as it cycles up and down but NG would fair a lot better if the EU could wean itself off of the Russian teat. Of course the EU needs to be reassured that there is ample alternative supply before it gives Russia the cold shoulder. The addition of more North American LNG export terminals may help to put them at ease and face up to the fact that they are financing both sides of the Russian / Ukranian war. One with natural gas purchases and the other with millitary aide. It is an odd stance for the largest group, outside of the Ukrane, with the most to fear should Russia prevail in its agression to take. Sure alternative energy sources are more expensive than Russian gas including LNG. But they can't cost more than feeding the Russian war machine while simultaneously relying on them for their energy supplies. Russia has already proven to be unreliable almost plunging the EU into war-time-like rationing on energy.
The EU just approved limited sanctions on Russian NG and LNG. They need to go further but before that the LNG producers needs to catch up. Say in 2025?
It should all start coming together in 2025 Trapped. It's not too bad now. ;-)
GLTY and all ARX BULLS
Trapped wrote: As a value investor, out-of-favor sectors with strong underlying fundamentals are my absolute favorite.
But, yeah, energy can't catch a break at the moment.
startenout wrote: The onlyone who does not believe in the oil & gas sectors upside is everyone?