Submitted by redditer269 t3_yislpe in wallstreetbets
DomighedduArrossi t1_iukaayg wrote
Oil and gas is going to surge in the late fall and early 2023 because we will simultaneously have:
- midterm elections in the rearview mirror
- cold weather
- strategic petroleum reserve release finally completed (fuckin senile comunist...)
- fully effective ban on Russia oil
- OPEC continuing their recent cartel shenanigans
- China sooner or later will release the zero-Covid restrictions and gradually reopen.
My top recommendations (in random order) are OXY DVN EOG SM DINO OVV ERF APA.
Disclaimer 1: not financial advise Disclaimer 2: I own relevant long position in all the above oil companies
redditer269 OP t1_iukamun wrote
👍 thank you for the advice. Great reasoning as well.
Viewing a single comment thread. View all comments