02-17-2021, 12:03 PM
(02-17-2021, 11:57 AM)vbin Wrote: Yeah I think so too, oil companies are future looking too if I am not wrong. Don't they write future contracts? Ex: when oil was at 0 that's what they said we have contract to sell at $40. So if oil spike and keep the uprend that's where they will try to sqeeeze as many deals as possible I am guessing.I got in just before you on my last. I was thinking about this just a few days ago. They must be locking in a few deals to avoid a repeat of 2020. Better to commit to some amount of future $45-50 contracts than deal with that again. They'll play the oil casino some but the smart ones won't get burned so bad next time.