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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (981)	6/3/2021 11:06:22 AM
From: robert b furman	Respond to of 4397

Hi yard man, I didn't get to go fishing. We came up to Wisconsin the same day the fishing started. I had bought some trees for an orchard and had to plant them. They fished hard three days and got three limits of Walleye. The walleye came out of the marshes from spawning early this year. All the Wall eye caught were in the Bay of Green bay, trolling crawler rigs. Outside of Oconto County boat ramp. I've been busy planting 32 trees and now today transplanting my garden. Just got the first cut on a lot of overgrown grass as I mow about 5 acres. No rest for the wicked. With all the reduced Capex globally, I suspect that demand for oil will catch most by surprise. I see where the saudi's just increased the price of crude to Asia. One thing nice about shale, it ramps quickly. XOM and CVX will both be big winners on crude from the Permian. As regulators from Biden's administration try to choke off the drillers, it will hurt the small drillers the most. They historically have not made the investment to reduce flaring. I think the EPA will restrict them by curbing drilling and/or the cost of upgrading will force some more mergers by the supers (XOM and CVX). XOM and CVX will have the scale to boost production when/if needed. That will reduce imports and let Russia and Saudi's grow for global needs. In between GS says $75 to $80 oil will be reached faster than expected - August to September this year vs 2022 as originally thought. We see! Barclay's bumper XOM's PT to 470.00 just today. Bob