10-02-2021, 02:24 PM
(10-02-2021, 01:57 PM)bankerboy Wrote: Agree. Will keep it a bit longer then say goodbye....
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I am going to lose my shares to covered calls but I will watch for an entry this winter. I am pretty confident demand will be very strong next summer. I am pretty confident OPEC+ is capable of adding to supply. Can they pump enough if the US producers remain conservative? There is no oil shortage but there could be a production shortage. Too many institutions that can't invest due to ESG so it has to be more than good for oil companys prices to run vs oil prices.