Year: 2020

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Trading Ideas

Oil Demand Is Returning, but Prices Are Still Too Low

May 13, 2020 admin Comments Off on Oil Demand Is Returning, but Prices Are Still Too Low

For the last several months, world oil markets have taken it on the chin.
There’s been too much production and unprecedented coronavirus-led demand destruction. Global storage capacity is also nearly full.
But the hurt is just getting started…
Price Update
In the exploration and production (E&P) space, cash flow is king.
If an E&P company isn’t pumping and selling crude oil, it doesn’t have cash coming in. And if that’s the case, it doesn’t have any choice but to close its doors.
And that’s exactly what an increasing number of E&P companies are doing. When oil briefly traded below $0 per barrel a few weeks …read more […]

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Trading Ideas

When the Real Money Is Made

May 13, 2020 admin Comments Off on When the Real Money Is Made

Stocks are moving sideways. Now what? Now the fun begins!
You may have noticed we’re talking about money a lot these days. There’s a good reason for it. There’s good money to be made.
But with stocks now trading at roughly the same level they were two weeks ago, it’s clear we’ve moved out of the blind optimism stage.
In an update to my Manward Letter subscribers yesterday, I reminded readers of the many stages of disaster recovery.
There’s the warning phase… the actual strike of the disaster… the heroic phase… the honeymoon phase… and, where we are with this coronavirus mess right now, …read more […]