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totffe

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totffe

Re: JohnCM post# 701

Sunday, 04/19/2020 10:05:06 AM

Sunday, April 19, 2020 10:05:06 AM

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Storage is full in most of the country. Frackers are shutting down and will be all but gone by May. Then it becomes strictly a demand game. When demand returns, history shows that oil price recovers spectacularly fast. Trying to time the bottom might be easier this time around. Oil company stocks will (have) anticipate a return to normal, but ETFs that play strictly crude might offer a golden opportunity. Patience :)
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