Post by
mercedesman on Jul 08, 2022 1:53pm
Looks like ...
...a good time to start rebuilding a postion again.
I sold my last bits in the low to mid 2's
Oil supply is tight, and will remain so. The market is thinking that demand destruction via a Recession is what will happen next. I have my doubts.
In the meantime, lots of oil & gas companies have sold off too much, too quickly,...ALL WHILE...they are generating HEAPS of cash. This one will pay down it's debt significantly in the coming years even with $ 70- $ 90 oil.
MM