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

To: Goose94 who wrote (119293)	1/28/2022 2:03:38 PM
From: Goose94	Read Replies (1) \| Respond to of 203665

Crude Oil: remains in a multi-year bull market with oil trading at multi-year highs, global oil inventories at multi-year lows, demand back to pre-COVID levels, and muted supply growth in the years ahead. We look for OPEC spare capacity to become exhausted by the end of this year setting us up for US$100 WTI (or higher) in 2023. With oil stocks currently discounting US$60 WTI and able to privatize themselves with just 4.5 years of free cash flow at US$80 WTI, we look for meaningful capital returns in the form of buybacks and dividends to this year awaken generalist investors from their catatonic state and begin to recognize the generational opportunity (still) in energy stocks. Eric Nuttall on BNN.ca Market Call Friday Jan 28th @ 1200ET