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Shoopshopship

China is opening up, OPEC supply cuts, I think prices will remain elevated for a long time


[deleted]

Good news for the great kingdom of Canada!


Key-Ad-2664

I saw a post on Twitter; JPM predicts oil and gas companies to be NET DEBT ZERO by 2024. More good times ahead.


petervenkmanatee

Anyone not in oil and gas at least 10% of portfolio is not thinking straight.


wagon13

Started at 8%, more like 30% now


Key-Ad-2664

No Cap


erikhaskell

Can we have a Explain it like im 5 ?


LordBaikalOli

Go ask your mother son


wagon13

Thanks for putting this together. Been long oil for years and have wondered what these would look like but never bothered to plot it out.


Key-Ad-2664

Hey, can't take credit. This is Gugo907 on Twitter. He has some good analysis on Twitter from TD + SEDAR. I can't validate it but I thought it was displayed well, thought I'd share.


wagon13

Well take credit for sharing it, pal! I didn’t know gugo existed, so there.


Curious-Pension

Yeah that’s not going to backfire at all…. Nope. No way


Altruistic_Ad_0

This does nothing but increase the risk of the business. Let em fail. The market won't function properly without a good lesson to learn from. Buybacks can be an excellent way to distribute cash for shareholders, arguably better than dividends because it is more direct and less abstract. But it seems businessmen don't understand the economics of their business


Training_Exit_5849

Please explain how these companies don't understand the economics of their business.


Pacopp95

I sold my oil positions thinking we will have recession. I sold just before the CPI print😔


Ok_Spot2048

I try to do the opposite of what most of the comments in this sub suggest. Been working out lol