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

To: Goose94 who wrote (80570)	3/24/2020 1:48:20 PM
From: Goose94	Read Replies (1) \| Respond to of 203397

Crude Oil: Josef Schachter remain a bull on the energy sector long term as we will still be using oil in the decades ahead. Demand for oil will pick up once we get past the current quarantine requirement. Investors should plan on taking advantage of the destruction in the sector caused by the dual black swans of the COVID-19 virus and the Saudi-Russia oil price war. WTI prices in the low US$20s do not work for any of the producers and after some pain has usually reversed, with significant price recovery as high-cost production gets shut in. There are lots of great stocks to buy which have significant long-term growth prospects and in many cases still provide attractive dividends even though these have been somewhat reduced by some of the companies as a defensive survival move. We also see bargains in the energy infrastructure stocks and recommend investors do their homework on the great buys in that area. We have been buyers of our favourite energy ideas and yesterday added to some of our positions. Our approach is to buy on harsh down days in the market. BNN.ca Market Call Tuesday March 24th @ 1200ET