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Strategies & Market Trends : Value Investing

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From: scbeachbum	12/3/2024 1:07:24 PM
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Anyone looking at oil stocks? It seems like OPEC is about to set their foot down that they aren't going to let prices keep dropping and will enforce more against countries who have been overproducing, which means oil prices should stabilize here or start moving up. Also there's a big freight surge going on with anticipated tariffs, so that's creating a lot of jet fuel/diesel demand globally as items move around that doesn't seem to be showing up in the oil demand numbers yet. Warren Buffet keeps buying up OXY, and others like XOM, CVX etc all seem to be generating massive amounts of cash that is going to dividends and buybacks.

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