I lowered the paywall on an article I wrote early in the month and I will be publishing an update on the thesis later today.
I own shares of $prop, this is not a recommendation, do not rely on it. https://t.co/enU1NQTxNJ
Remember that oil, once adjusted for money supply growth, remains in the lower end of its long-term cycle.
From here, the upside potential is commensurate.
Indeed, while the 2008 peak would be equal to $400 in today's dollars, the 1980 one would be worth $560.
#OOTT $XLE $XOP