Post by
MLEWICKIMBA on Mar 29, 2024 3:19pm
90 Brent Soon
https://www.bnnbloomberg.ca/commodities/video/opec-cuts-are-creating-a-sizeable-oil-supply-deficit-which-looks-to-continue-researcher%7E2892544
Remember the price last fall on TVE when oil hit 92. And TVE was not in as good of shape as it Is today.
Today WCS Differential is 13 bucks.
TVE is seriously undervalued.
Start believing 4 bucks soon on its way to 5 then 6 then 7. All in 2024.
All things will align.
1. China normalising
2. Opec + cuts continue
3. Driving season is early maybe
4. Outages. wars unfortunately,
5. USA production normalising
6. Global mobility
7. Weather, hurricanes
8. Population growth 8.1BLN the next few weeks
9. TMX pipeline
10. America continues
Say it again -- Undervalued
ML
Comment by
Swackaboozy on Mar 30, 2024 2:31am
Eventually shorters overhangers will throw in the towel it will take time though