‘Very bearish on oil', analyst Paul Sankey sees more pain ahead for crude oil market

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Күн бұрын

Пікірлер: 47

@SilverMonsterCoind 2 ай бұрын

Time to go long oil

@Highlander1432 2 ай бұрын

Haha yup USO looking good for a bounce!

@mattsmith5856 2 ай бұрын

And buy OXY

@illegalsmirf 2 ай бұрын

Retail punters have no business going long/short on things like crude oil.

@SilverMonsterCoind 2 ай бұрын

@@mattsmith5856 I am big time any time below 51. I add 5 to 10 shares a day.

@janttax8079 20 күн бұрын

did you go :D

@rivelino13 2 ай бұрын

Love Paul Sankey and his analysis. Best line- "I'm the President, head analyst, and Janitor of Sankey research."

@kyungshim6483 2 ай бұрын

The narrative on oil is even more volatile than the price of oil itself except it comes with a lag. These analysts are useless. Always coming up with a narrative that is consistent with the recent price movements. Never predicting anything.

@yyan6501 2 ай бұрын

Why would you say anything before you make moves as traders? Did it ever occur to you that maybe its them who contributed to the recent price moves for oil?

@scottdavis5749 2 ай бұрын

Probably time to go long. When these guys get bearish it’s usually wrong

@liudizzle 2 ай бұрын

And yet the prices at the pump havent budged a penny

@Patrick-yh5yd 2 ай бұрын

Oil Companies know Biden is clueless.

@illegalsmirf 2 ай бұрын

'Price stability' - it's all for our own good, apparently.

@Xadar24 2 ай бұрын

I have bought into Exxon and Chevron just now. I think they will do good longterm

@apothe6 2 ай бұрын

hedge funds were the most SHORT just recently. we've bottomed

@MultiMenvafan Ай бұрын

It is all about timing isn't it. Oil might increase in the short run but expect a veritable apocalypse for Big Oil in the coming decade. As China slows down and electrifies and OPEC+ loses it price setting ability

@LamarPassmore 2 ай бұрын

Drilling/Fracking shortage but yet we're against alternative forms of energy. Us oil and gas tycoons don't want to invest in a better grid it's just not profitable and we refuse to invest in solar, wind, hydro and nuclear companies which in turn decreases our profitability our military can't address the shortage problem

@danielhutchinson6604 Ай бұрын

How are Fracking Bonds selling as the Price of the Commodity falls? Can they be sustained when OPEC+ dumps even more product on World Markets?

@MegaPapa8888 2 ай бұрын

China's PMI in the last several months is 51 plus-ish. China is expanding their manufacturing.

@MultiMenvafan Ай бұрын

They are expanding it by public spending. Debt to GDP in China is around 300%. One positive number does not give you the whole picture.

@kaihulshof9778 Ай бұрын

Oil price is up 10%

@JohnDoe-wu4tt 2 ай бұрын

He wasn't saying this a while ago!

@willeisinga2089 Ай бұрын

China goes Electric. Needs no more Oil. Prices Down. End of Oil.

@Patrick-yh5yd 2 ай бұрын

Pain? For who ? America? Russia?

@LQVendorFP 2 ай бұрын

i've heard interesting theories that china is arbitraging the btu cost of LNG vs oil rather than viewing oil consumption decline as strictly a china implosion

@MultiMenvafan Ай бұрын

To an extent yes, but regardless it's not good for oil as a commodity.

@LQVendorFP Ай бұрын

@@MultiMenvafan yes i tend to agree. however, as rate cuts occur, USD weakens, gov't continues fiscal stimulus, i expect the 3 year oil outlook will be steady, and would continue to hold dividending oil equities

@MultiMenvafan Ай бұрын

@@LQVendorFP steady for US sure, but the demand growth concerns I would say relate to China. The rally in oil prices since 2000 can mostly be explained by the rise of China. Any setback in growth, or faster than predicted rollout of EVs, will mean oil demand peaks sooner than predicted. That's even my main scenario. That is not saying oil price will crash, but it will never reach 100+ USD again unless dramatic amounts of supply is taken off market, like say another russian revolution.

@LauraGarza-q7x 2 ай бұрын

Cole Crossroad

@JakirHossene-e9l 2 ай бұрын

Haley Ways

@ZShawty360 2 ай бұрын

He just fed you a short term morsel to pull you away from the real move. Oil long into february 25', one more good pullback before so probably in october

@illegalsmirf 2 ай бұрын

Who is forcing fund managers to 'mimic some kind of index'? Why are so many rich people so stupid? If you want something that 'mimics an index' why don't you just invest in an S&P 500 ETF, or similar instrument, instead of paying active managers to do it for you?

@MegaPapa8888 2 ай бұрын

And Saudi agrees to use Petro yuan to sell oil. We have no idea about oil productions anymore. Mr. Sankey is out of date.

@MultiMenvafan Ай бұрын

What does yuan trade have to do with Saudi production stats? That's a ridiculous narrative.

@MuyangHappy.2y 2 ай бұрын

What are the best strategies to protect my portfolio?, I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.