Understand your point - I enjoy the metaphors don't say sorry.. I think a pending re-rate in the price of oil (west sanctions on Russian) will be the catalyst for increased sentiment and share price appreciation. Moreover its glaringly obvious that there is serious supply issues for oil along with huge pent up demand when economies open up. This is obviously going to cause an appreciation in the price of oil. I am a believer that it will sit within a price range of 95-110 a barrel for some time. Similar supply constraints and strong demand for natural gas are present with households choosing to stay at home (avoid covid) over the short term. This is further made worse by what is expected to be a very cold winter in the southern hemisphere. These weather patterns of cold winters and warmer but wetter summers are expected to continue in the northern hemisphere with the current two year weather cycle.
THE ONLY WAY IS UP., page-1794
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