Post by
MLEWICKIMBA on Jul 23, 2024 9:12am
Oil Price Slide Overdone -- Little trading volume
1. Based on some premise of Trump winning and all of a sudden drilling and drilling -- takes six months minimum to gear up so that is a year a way.
2. Also Trump will be pro combustion engine so lots of demand.
3. The war is coming to an end -- sure.
4. A few traders clearly rule the oil and gas sector.
Financial Markets versus physical markets.
What we need is at least 4 mega mergers in Canada at good shareholder friendly valuations.
Comment by
Jimmy1page on Jul 23, 2024 11:25am
Not sure what's going on. He will approve Keystone. He will end the war though sanctions but I would have thought Biden ending his bid would have sent prices through the roof.
Comment by
MLEWICKIMBA on Jul 23, 2024 11:35am
Morgan Stanley Said 75 next year for Brent. Shorted it and made a Billion dollars. CHINA will be buying like crazy oil loads.
Comment by
woodsmen on Jul 23, 2024 12:09pm
Morgan Stanley should have said $75 this week July 23rd 2024 cuz we are about there now!!! We don't need 2025 for that useless Scare Tactic Price Forecast!!