TSX:RBY - Post Discussion
Post by
retiredcf on Jul 23, 2022 8:51am
The Way Ahead (Two Views)
Based on fundamentals as opposed to trading technicals, Mike Rothman sees the price of oil going above $130 bbl and thinks that this recent pullback is an ideal opportunity to top up (or initiate positions) in energy companies.
Greg Taylor also thinks the decline has been overdone and is looking forward to the upcoming earnings season as energy companies are raking in the cash. GLTA
Price caps on Russial oil will have 'devastating' impact on markets: Cornerstone analytics
Mike Rothman, founder of Cornerstone Analytics, joins BNN Bloomberg to discuss oil price moves amid concerns over Russian supply. He says despite U.S. demand softening, the global demand for oil is driven by emerging markets and that there is still upside for oil prices.
https://www.bnnbloomberg.ca/video/price-caps-on-russial-oil-will-have-devastating-impact-on-markets-cornerstone-analytics~2489409
Still fairly postive on energy, looks oversold: Purpose Investments' Greg Taylor
Greg Taylor, chief investment officer of Purpose Investments, joins BNN Bloomberg for his outlook on the Canadian market and why he still sees opportunity in energy. Taylor also says most of the recession risk is priced into the sector.
https://www.bnnbloomberg.ca/video/still-failry-postive-on-energy-looks-oversold-purpose-investments-greg-taylor~2489398
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