RE:U.S. ElectionI think there is a lot of upside risk to the oil price following the election. There is reasonably good evidence that the Democrats have used a number of tactics to suppress WTI and those tactics can't be continued indefinitely without causing a massive supply-demand imbalance which is already likely much worse than what we understand. The political programs and policies will stop (not immediately, but within a few weeks) and the price will have to be allowed to go higher to curtail demand.
Hopefully everyone here tood advantange of this unique opportunity to build ownership in extremely valuable oil companies - none more undervalued than Baytex energy.
A massive wealth building opportunity.
Wortep wrote: Once the US election is completed we will be back to $80+ for a barrel of oil.