Post by retiredcfon Mar 05, 2025 3:01pm
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Post# 36480692
Energy Sector
Energy SectorOil.(A Commentary)
05/03/2025
A Comment -- General Comments From an Expert
Oil.
Trump wants Canadian energy; if he can get it as cheap as he can, all the better. He reiterated "drill, baby, drill". But American producers are sitting on their hands because prices aren't high enough. Prices need to get above $80-90 or even higher before it's going to get attractive again.
He's followed 3 excellent analysts over the years, and at least one is calling for oil at (hold onto your hat) $200 a barrel. That may be excessive, but if it got to $90-100, all the oil stocks would do very well.
He likes the oil patch broadly speaking, as it's fairly low risk. He prefers the junior oils, rather like the junior golds, as those names are overlooked and cheap.
Ross Healy