Nope, not me. That guy is way too smart. I'm a slow learner with minimal retention. I do like his last statement.
Quote:
Either tech companies are still too expensive, or energy stocks remain a bargain… or both.
^^^ Both. ^^^
I was out yesterday. 14 inches of snow. I do my own snow removal work otherwise I'd get zero meaningful exercise in the winter. Do my neighbors too - they are 90. Don't want them moving away to assisted care. I do as much as I can for them. I want them around as long as possible. Great neighbors. Never know who/what the next bunch moving in will be like .... I shed some pounds yesterday but not enough to get my wife to chase me around the house.
XOM - I'm accumulating over next 4 to 6 weeks. Testing 50 Day Moving Average is/are good entry points.
-China is reopening - driving crude demand
-China is on a world-wide crude buying spree - all markets - US, ME, Russia
-Russia announced production cuts in Feb will actually take place in March and at higher rates
-Russia to cut western port exports 25%
-Oil Price reporting 10 Super Tankers heading to US ports to load in March - equivalent of 20 million barrels (each tanker 2 million barrels)
-EIA continues to report large builds (monster builds) every Wednesday than comes back later and makes monster adjustments to the monthly reports. Goes unreported by media.
-This is build season heading into driving season. Considering the first 4 points above, we will be short (we are short now and I've been pot banging that for a long time and the head pressure needle is moving to the red zone)
-The SPR being drained is not good. Me complaining about JB/Administration is not going to stop his boneheaded decisions, but rest assured pump prices are going up. ($10 per gallon,...give it to me) All JB did is weaken this country and put us in a National Security Risk.
-Green Energy pundits are doing everything in there power to kill fossil fuels.
-Make no mistake - XOM leadership had a jump on this political and economic events and they positioned themselves "perfectly". It's really amazing, unbelievable and awe inspiring. JB will have to hire a new set of think tanks to outsmart these XOM guys.
-XOM could be a debt free company if they wanted to be. Those P/E and Earnings forecasts will all be changing in a few months. Maybe XOM will get a Credit Rating Update, its only been over 2 years. Again, can't make a fossil fuel company look attractive.
-Pioneer CEO Scott Sheffield came out with $100 crude by the end of 2023. That's big coming from a fellow that is predominantly bearish crude.
-Things will look staid (XOM and energy sector) for a few weeks more. By the time we start knocking on the door of driving season, buckle up.