Friday, May 01, 2020 12:34:23 PM
check this out.
Exxon Mobil (XOM) beat Q1 forecasts and noted signs of recovery in oil demand.
there are definitive signs of recovery in oil prices.
this is consistent with what the UBS economists are saying: they are saying that the oil will jump 115% this year.
The Exxon and Chevron earnings reports also come as OPEC+ formally begins implementing its landmark deal to cut production for two years and prop up crude oil prices, starting with a reduction of 9.7 million barrels a day in May and June. Crude oil futures rose early Friday.
all systems are go here.
those with a decent size position and a little bit of patience will make a fortune here.
QEP is a very well run and managed company.
they just demolished the street estimates by 2000%.
this stock should be trading around $4.50.
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