Air Canada T.AC

Oil prices heading down 👇

[JuIieRichards]

Watch the rest of H1 2024. WTI oil will go below 70. AC will have perfect hedges in place for H2 when oil price will move up to the 80+ range. AC can make plenty of money with oil at 100+. Sudden changes are the ones that are harder to absorb without prior hedges. The current crop of Aeroplan clients are hell bent on travelling regardless of increasing seat pricing. They have money and life is short. Covid changed travel attitudes among the affluent. And there are plenty of them in all age groups. The Trudeau era of crooks created a bigger divide.. the wealthy got wealthier and the handout class got poorer.

[marcrobert]

Nutall on X Eric Nuttall @ericnuttall · 1h  

[JuIieRichards]

  In the energy industry, Schachter has been reliable with his forecasts. This is from the January 24 report: "We expect WTI crude prices to again decline below US$70/b. WTI fell in December to an intra-day low of US$67.71/b. We expect the price of crude to be in a trading range of US$66-US$76/b. Use periods of market and energy price weakness to build up your energy weightings

[JuIieRichards]

WTI Oil now below 76 . LMAOROf.. so much for the troll's thesis .