The funny thing is the US has to re stock the reserves and in a timely manner.. so in the brief forays under $100 guess who's buying! The real stories now- Diesel..... <--- SHORTAGE // and Aviation fuel<---- and Nat Gas. Russian turned off Poland's pipes so more needed in Europe. The Nat Gas play is a gold rush<---- AR- EE- LNG- NFE- In one account or another I own all of these... NOG in and out...
Also the Ethanol blend in gas is going WAY up... Cars are going to drive like shit... But Ethanol producers... I have a large PSX Philips66 position but there must be someone else-
Some of these plays are going to go much higher sometime in the next year or so. How they do so in a volatile broader market is a short term risk. But the market tends to underprice what $7 Nat Gas ( even $4-5 ) or $102 Oil ( even $60-70 ) does to the bottom line of these companies. Until the numbers come out, and even then it depends on company strategies which quarter they blow it out of the water ( there are hedges, cancelled accounting write downs, ... ).
Cramer said to caller a minute ago about RIG, “It can only stop a zero”. Never heard him speak under his breath like that!
When my wife and son recently visited Charleston they commented how clean the streets were and how little crime there was. Gawdy people sport these huge gold watches with no fear of getting jacked. And every pedi cab driver said the same thing "we only have 1% crime" Well I heard those stories and since then there have been a multiple shooting and then another in which a bunch of baseball kids had to hit the dirt as the parking lot was strafed with many many bullets. North Charleston maybe not so nice? I'm pretty unnerved by this but not showing it. I go down at the end of June.
Stoney First of all, I never owned this thing. Not even as a recommendation. When you first brought it up I said: On March 30th I wrote this: Followed by this, insinuating it was a huge dog. Note the play words... "wolves". Second, and I know you'll get mad if I were to say the "L" word (as in liar), but when it hit $120, you went on about how you missed getting in. Quote: That was in reference to you calling it out a few days before. On April 12th you said: Now Stoney... I hate to tell ya, but today was first day it went below $100 since March 15th Before that it was on a watch list. Jan 27: The best anyone can gather from what you've posted here is $108 The savant called it out as a short at $121 and $118.... and called a position last week at $114 No wizard of oz, and no L word here. Just savant calls on my part.
All the energy stocks are trading on Ukraine. Everyone knows this. Not savant material when everyone in the world is talking about it. Tech is dead. I don't think we'll get a big rally for some time now. You kinda blew that one too. I said I was pulling for ya, but I also said you were wrong. Turns out I was right. Go figure. As usual. Buy Thor. Especially if it breaks $70