Post by
summerb37 on Mar 16, 2021 8:23pm
Contango reported on BNN Commodities
Check out BNN commodities today if you want to hear their brief report on the current contago oil market. Another reason for shorting/sell oil/gas company shares.
https://www.bnnbloomberg.ca/commodities/video/futures-curve-signals-potential-trouble-for-oil-prices~2161744
https://www.investopedia.com/articles/07/contango_backwardation.asp
Comment by
AvInvestor on Mar 16, 2021 9:21pm
I am imagine they secured a few hedge contracts for 2021?