Post by
65F09A on Nov 30, 2023 11:22am
Nuttall using $80.00 to value his holdings
Very surprised he has not tempered his view more. He can see what is happening, his narrative is full of warning signs, still trying to spin it positively. He knows the globe has an over supply problem, that is why Saudi production will now be only slightly above it's Covid19 lows. The forward crude curve is saying $80 is too high for valuing these companies and their FCF.
M24 - $76.42 (June 2024 futures price)
M25 - $71.60
M26 - $67.90
M27 - $66.03
It would be far more genuine if his bull thesis was based on the forward strip of $70.48!
Comment by
Cobalt on Nov 30, 2023 11:28am
Can he see whats coming? He said US shale has peaked LOL ExxonMobil: New Fracking Technology Can Double Oil Output | OilPrice.com
Comment by
Cobalt on Nov 30, 2023 12:16pm
Hard bash we are a wash in supply stick a fork in this bull it is done good luck
Comment by
Cobalt on Nov 30, 2023 1:22pm
Something about watching Confirmation bias in work is fascinating to me , some truley horrific examples in history. Good luck
Comment by
masfortuna on Nov 30, 2023 1:28pm
Hey Coby! Nothing personal but, try and learn how to spell and then maybe somebody "might" take you seriously ( truly, at work, no capitals for common nouns). I own about 200 different stocks in total in 3 accounts. If oil drops, it drops, but I don't pretend I can see it coming. If I did, I wouldn't need to waste any time reading posts on stockhouse.
Comment by
65F09A on Nov 30, 2023 12:30pm
One hour later and the whole CL complex is under pressure. This is not just the front of the curve getting punished anymore. This is a real move! M24 - $75.09 (June 2024 futures price) M25 - $70.75 M26 - $67.35 M27 - $65.05 The forward curve is now $69.50. Front month gyrations can often be algos and noise. Only real players are going 3 and 4 years out.