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

To: Goose94 who wrote (56898)	3/28/2019 8:04:27 PM
From: Goose94	Read Replies (1) \| Respond to of 203399

Crude Oil: Josef Schachter have repeatedly stated on BNN Bloomberg that I’m now a bull on the energy sector. All of the items in our checklist to turn bullish on oil and natural gas have occurred. For oil, OPEC is making significant cutbacks, U.S. production has stalled, Iran sanctions will return this spring and the tragic Venezuela problem continues. While we see near-term lower prices for oil as inventories build this spring, our outlook gets more positive after the summer driving season begins. We look for US$50 per barrel in the second quarter and then a recovery into the fourth quarter to over US$70 per barrel. For natural gas, this past winter’s cold weather in North America along with the storage at five-year lows set the stage for higher prices this summer and then winter. Longer term, rising LNG exports from the U.S. Gulf Coast and further closures of coal-fired electric generating facilities in North America will increase demand. We think a new energy bull market has started and it could last for over five years. Natural gas will be the better performing commodity. Use the market dip this spring to add to positions. BNN.ca Market Call Thirst-day March 28th @ 1200ET