Long time SCR holder. Not everyone has capitulated . Mike Rothman is extremely bullish gives little heed to any “official numbers” spewed forth by the agencies .
I am still long $shle.to and $ses.to which I added to in the dip a week ago.
My base case is that Trump/Bessent are using tariffs to engineer a near US recession to drive yields lower for refinancing and help get Trump get his budget passed.
So I am more bullish oil in 3-6 months than 0-3 months.
Great write-up. I agree that the recent wave of bearish sentiment—especially from previously vocal oil bulls—is notable. Capitulation often marks a turning point or at least improves the risk/reward balance. While macro fears and OPEC noise have driven the recent sell-off, the lack of clear inventory builds and potential weakness in U.S. shale suggest the sell-off may be overdone.
Nice pick Roger - bought ACDC last week, great minds think alike! LBRT ER was very encouraging.
Long time SCR holder. Not everyone has capitulated . Mike Rothman is extremely bullish gives little heed to any “official numbers” spewed forth by the agencies .
Go Jets!
haven't seen that guy post for many months. his calls were dead wrong but be interesting to see how he justifies it.
Agree sentiment is so poor, it won’t take much.
I am still long $shle.to and $ses.to which I added to in the dip a week ago.
My base case is that Trump/Bessent are using tariffs to engineer a near US recession to drive yields lower for refinancing and help get Trump get his budget passed.
So I am more bullish oil in 3-6 months than 0-3 months.
Great write-up. I agree that the recent wave of bearish sentiment—especially from previously vocal oil bulls—is notable. Capitulation often marks a turning point or at least improves the risk/reward balance. While macro fears and OPEC noise have driven the recent sell-off, the lack of clear inventory builds and potential weakness in U.S. shale suggest the sell-off may be overdone.