VBIN's oil stock thread.

[EricL]

(07-13-2021, 02:36 PM)fenders53 Wrote:

(07-13-2021, 02:26 PM)vbin Wrote: Thank you @EricL. Is anyone talking about another covid wave and impact of that?

Some ASEAN countries locked down certain parts due to Delta varient spread recently, I think market is getting spooked by that a little. Otherwise going by oil at $74, xle should be trading above $60. Its not able to break $55 so far.

Is EOG the only play in ur book for oil?

It will have some affect in certain locals.  I'll be quite surprised if some of the unvaxxed red states in the US don't struggle by fall.  They don't add up to Florida GDP so we'll see.  I take the Covid very seriously but IMO it is mostly noise to the world economy unless it escalates.

Roughly 50% of the US is fully vaccinated and another 10% has already had it. Add in that most of the vulnerable population is vaccinated, and I just don't see there being a big spike like the last two. There will be ebbs and flows, but there just isn't tinder left for their to be a wildfire anymore.

Everything is 99% back to normal in South Dakota, and our cases haven't spiked much at all.