VBIN's oil stock thread.

[fenders53]

(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.