04-12-2019, 07:09 PM
You'll get your chance. I think oil will stay fairly strong through the driving season like it usually does. By then the shale players will cut their own throats and blow up supply. I'll be trimming slowly by then. The buying OP will come soon enough, though it could be a year or more. I don't pretend to know the top or bottom, but this is nowhere near the bottom. I just don't want to be waiting 5 years to get back to even. Next recession the majors will be paying some sweet dividends on the pullback. This time I believe they have the balance sheets to keep the market from fearing the div is not sustainable. The majors anyway.