Cenovus Energy Inc T.CVE

Oil is the new gold!

[Paray99]

Oil is the gold and gold is the king in 2022. 

All the attempts to manipulate down the oil price failed again. US inventory is only marginally high.... Also the Russia-Ukrain issues are not going to subside anytime soon...... And most interesting.y, the Iranian talks are just an eye wash to pull down the oil price... The reality is that, even with an agreement with Iran, only 0.5M bpd oil will flow out from Iran in next 6 months.... About 1M bpd oil could be expected in a year time.... that supply will not meet the real demand.... There is huge shortage guys!

So, whatever US try, oil will hit above $100 in the coming weeks.....
And all these stocks will hit their all time highs! The big money is yet to flow into the oil sector!

[TopStockBuy]

From Seeking Alpha EIA reported US total liquids stockpile down ~12.6 million bbls Feb16. US implied oil demand on a four-week average hit an all-time high above ~22 million b/d. We're now at least ~2 million b/d above demand on OECD than any analyst demand estimates. On a coverage ratio, total liquids stockpile fell below 80 days. And as for product storage, we're