Crude breaking $53 now, and like many analysts say, it's a controlled market, and they are the insiders, and know it will go to $65 in 2021, and at the same time, LNG and Gas prices are hiking up substantially, especially in Asia and during the European Winter.
This should see SXY up to somewhere between 45c and 50c (and more up to 65 cents) during 2021, without much trouble, probably during mid-Winter in the Eastern States. I'm looking for 45 cents (at minimum) in July, on a steady rise in gas prices and demand.
Gas is the big one at the moment, it's a great product, because it's a "Middle Man", it can replace Coal as a Base-Line Power fuel, while being a whole lot cleaner than Coal.
And you can use Gas to convert into Blue/Grey Hydrogen production for really clean fuel, including airline fuel.
Gas can also be used to replace coking coal for making steel.
And the Australian government has a Post Covid-19 Gas Led Recovery policy.
Gas is also the best fuel to cook with (because of it's heat profile), ask any chef (like my sister-in-law, an award winning Australian chef). Gas barbecues also save the cutting down of wood fuel for barbecues, and we've not yet seen a Solar barbecue, or a Wind powered barbecue.
Gas is the way to go, for base line power, and for a whole lot of everything else.
I have to turn on a hot water electric booster element in the Winter to get hot water, and it comes from a coal fired power station. I have to wait half an hour for the electric booster to heat the water tank, half an hour of coal fire powered electricity to heat the water tank, but my mother has gas hot water and it's instant, she just has a hot shower whenever she wants, instantly. It's cleaner and it's instant and it takes far less power to have a shower.
Big buyer today, all the way up to 36.5 cents right to the close, but guess what they did after close, of course, knocked it down a cent to 35.5 cents, so I'd expect that means they aim to keep accumulating tomorrow and beyond - market manipulation at it's best.
Really, in any logical system (that is not corrupt and manipulated), this stock would be trading now at 80 cents to $1.20 dollar easily and not even sweating it.
A.I. Algorithms, and stock Shorting, and the Dark (hidden) market, permitted to trade on all stock exchanges across the the world, should all be banned.
Gw
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