@RealPeterLinder Every post by this Hormuz Letter is inflammatory to get people to read. Go read all their post for the past week. What US is doing this weekend seems like par for the course during negotiations. Oil may go up Monday, but not sure this any different than current sparring.
@RealPeterLinder Very soon. If Chump signs the MOU, WTI will probably drop to $80 in 2 minutes. I believe oil stocks will drop along with this at least 5%. That should be the time to pounce. I get the feeling won't happen today though. Sooner the better, I am getting antsy.
@RealPeterLinder Me too, I am on pins and needles waiting. I wish chump would just sign it, WTI elevators down to $80 and start buying heavily. I just think it is prudent to wait for that signal to start buying. My gut say he signs over the weekend if he does sign.
@RealPeterLinder@cas_1990 I don't believe any "deal" will be made for years, just the MOU that the Straight will be opened is all we need for WTI to tank and jump in IMO, then hope for the MOU to fall through, lol.
@RealPeterLinder What I mean by orderly, is I don't think oil will have extreme pops like before, and thus the stocks not go straight but will climb in a more "orderly" fashion, make sense?
@RealPeterLinder I agree and hope we are right, 100% cash after some small flipping lately. I keep feeling I am missing something but really feel patience is required here for any substantial purchases.
@RealPeterLinder I agree with you to be careful today. I am patently waiting for flush out to $80ish WTI, basically a "deal" bottom to load up on my favourites.
@energyburrito Uranium stocks got hammered last week, I wonder if it is a good time to pick some up, or is there more pain to come. Any thoughts Burrito?
@JosefSchachter Is it best to wait for the "dust settles and a final real deal is concluded, and the Straits moving freely, crude prices could bottom in the $75/b range" to back up the truck to buy the best oil stocks?