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re: Oil rebounding
Posted on 6/1/21 at 10:13 am to SlidellCajun
Posted on 6/1/21 at 10:13 am to SlidellCajun
Next year the oil piper gets paid for all of the covid lockdown fallout around the world. There's still room to run for quite a while IMO.
3
Posted on 6/1/21 at 11:00 am to wutangfinancial
What are the best plays in the field? I'm relatively new to investing in stocks on my own. I'd like to get involved with oil, particularly based on your comment. I believe it is about to grow hugely.
Posted on 6/1/21 at 11:06 am to wutangfinancial
quote:
Next year the oil piper gets paid for all of the covid lockdown fallout around the world. There's still room to run for quite a while IMO.
Maybe, but futures are in backwardation at the moment. 2022 contracts are $4-$5 below the front month.
Posted on 6/1/21 at 11:09 am to wutangfinancial
quote:
Next year the oil piper gets paid for all of the covid lockdown fallout around the world. There's still room to run for quite a while IMO.
I'm going to use this runup to get out of every single o&g stock I own.
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