CVX and OXY
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Every once in a while MBS needs to sp--k the shale guys to keep them in line.
OPEC and Russia nation are in need of moolah
can't give up their market share at the expense of growing US crude production
seeing an impending crude market share grab coming soon
Maybe look at the chart from 6-8 years back and you'll realize this is not cheap...
Rule no. 1: You should always buy cyclicals when it looks like it’s over.
I am not following rule 1.
I am buying oil shitcos midcycle.
OPEC+ is raising production. maybe that's priced in at this point, but you'd probably be better off buying when the cycle turns rather than speculating on oil prices and eating opportunity cost while doing so
These prices are a direct reflection of oil supply/demand trends.
Saudi Arabia and other OPEC nations are abandoning their $100 price target for crude oil and are set to begin full production again regardless of price on 12/1…
I’d be cautious on anything to do with oil rIght now