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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (43596)	5/4/2018 8:29:54 PM
From: Goose94	Read Replies (1) \| Respond to of 203399

Crude Oil: is in a multi-year bull market and will likely trade over $80 per barrel in the next two years. Barring a global depression, the oil market will remain under-supplied given the lack of large new projects coming online from OPEC (40 per cent of global production) and non-U.S/OPEC producers (50 per cent of global production) over the next four years and beyond. This eventuality means that oil will have to rise high enough to rationalize demand as supply will not be able to grow enough to balance the market. In previous periods, this meant an oil price meaningfully higher than the current levels. Every market dip in energy stocks due to a tweet, negative headline, or general wobble in the broader market should be bought. We’re not even in the first inning of sector rotation or money coming back to the space, which is under-owned and represents a multi-year-low allocation of major stock indexes. At today’s oil price (around $70 per barrel), many oil stocks have 50 per cent to 100 per cent upside. If we are directionally correct in our three-to-four-year call, the next several years will be highly rewarding to energy investors. Eric Nuttall on BNN.ca Market Call Friday May 4th @ 1200ET