I will say it again. Everytime you think oil is going to plummet , or correct substantially, check yourself , right this on a piece of paper and put it where you brush your teeth so you see it everyday !
Russia will do whatever I takes to keep oil , and gas prices high to keep there economy going. Now they are saying a 1/3 of there sales of oil , gas but , but, but , for easy simple numbers and really a worst case scenario. If oil was $50 dollars, and there getting $100f for simple numbers , and they loose half there production , guess what ?
Putin is not worried , in fact , and I am not for war , but the guy has thought of it all. I promise you ! He actually is genius ! If you don't agree then tell me how one man can control a country , even if it's done through violence , and take on the Western world , and have things in such a way that Europe can't function with out there commodity's. I mean , Europe sat back and allowed this ?
Think about this ? They can't act out in the short term to properly sanction Russia , or do anything that can actually get Putin's attention in the short term .
Yes they will be able to fully sanction Russia eventually ? However the SPECIAL OPERATION ( Putin's war ) will be so far in the rear view mirror it won't matter. He will have China talking more oil , once he figures out the supply chain issues.
So take today ? We have had oil drop for a few days , and it did seem with China covid situation , the talk of a recession induced by inflation ( all of this is being broadcasted by the United States , others to get people stop bidding up oil , and act in fear. The war is fought in the press , what does PUTIN DO. ?? He just takes the chess peace. Says shut off Poland's gas supply.
Done , it's not oil, but they say when there is no gas , they switch to oil, oil is made into diesel , and this is used to keep the lights on generators excetra ?
So just remember Putin needs oil prices at today's price or range , and the more pain , the more he cuts off the SHEEP ( EUROPE ) to keep the price high.
Remember he only needs a few months to make his war work , he planned it so the food will be growing in the latter part , no one will starve so to speak.
All of this way is not just his fault. It takes 2 to tango. Peace always takes one side to give in to allow for talks , and Ukraine refused to drop the NATO angle , and who knows , but the United States , sure didn't do anything to help here . I don't actually have a side here. I really don't.
What I do have is a OUTSIDE LOOKING IN , 50,000 foot view so to speak , and historically there have been 2 super powers ? Russia , and the United States of America.
So tell me how Russia should be asked to be okay with NATO on there door step . It actually might not be good for the world to have one power ( Nato - witch is lead by the US ) and no one to check the other side. The left and right being keep things honest.
So just write this down on your mirror , my shares of whitecap , or any oil stock comparible , is only going up in the long term , and my stocks are going to double in the next 6 to 12 months.
Last comment. The DUC ( drilled un-completed wells ) are st the lowest leval since 2014 I believe , and there going down not up , and fracking has a decline rate , and there are very few almost no massive oil finds coming on production in the near term.
So things change , yes they do , and my opinion can change on the out look on oil , but I see there is nothing that will correct the mentioned issues in the short term.
To those who bought yesterday. Well done. I have bought every dip until yesterday , I need some money for taxes so I am tapped !! Lol.
These are opinions that's all. Do your own research. !!
Do not take my advice , take what I say as wrong and then got and prove it. You will find those answers on Google !!
Craig.