I know bad choice of words but could not resist....
Some time ago i insisted on the fact that oil would recover mainly because major producers could not stay in business with oil under 40$.
We are now on the verge of a major agreement between Russia and the Saudies.
My guess is that balance oil price is around 60$ and that oil will get there before end of this year.
But in any case, during that tim eit will be interesting to play the swings from oil on large Canadian companies like MEG.TO and SU.TO
I still own large number of shares in MEG and i sold out SU mainly because MEG is a lot more volatile and easy to play.
Have fun
Some time ago i insisted on the fact that oil would recover mainly because major producers could not stay in business with oil under 40$.
We are now on the verge of a major agreement between Russia and the Saudies.
My guess is that balance oil price is around 60$ and that oil will get there before end of this year.
But in any case, during that tim eit will be interesting to play the swings from oil on large Canadian companies like MEG.TO and SU.TO
I still own large number of shares in MEG and i sold out SU mainly because MEG is a lot more volatile and easy to play.
Have fun
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