Post by
MrICE on Jul 07, 2021 10:22am
If you believe
If you believe in higher oil prices now is the time to go overweight. Oil inventories come out tonight and tomorrow morning. That will I believe turn the negative OPEC storyline to reverse. Negative Oil price Sentiment has got ahold of prices. Demand will eventually rule
Comment by
Chris007 on Jul 07, 2021 2:01pm
my point is, alot of people just ride the momentum in commodity stocks. By the same token, gold stocks, lumber stocks and copper stocks have all pulled back substantially from their highs, since momentum stalled in the commodity. Yet from an earnings/cash flow perspective, gold, lumber and copper producers are still generating some pretty crazy free cash flow
Comment by
MrICE on Jul 07, 2021 2:21pm
Your right and with that said hopefully Momentum will turn around shortly. I'm hoping that Oil will lead those commodities you mentioned and get things heading up again. Some Catalysts our inventory numbers and of course OPEC getting back in control as a solid group again.