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fourdint

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fourdint

Re: trading.jeff post# 734

Tuesday, 05/17/2022 3:02:39 AM

Tuesday, May 17, 2022 3:02:39 AM

Post# of 951
I'm aware ... long term holder here ... was close to $100 in 2017? ... had good dividends then! Has a ways to go for all time highs,and good dividends again but if oil keeps going the way it is, we may see it breaking the all time high, and yea, maybe dividends too! There's zero presure globally, nor in the US, to increase oil production/supplies.

The release from the strategic petroleum reserves is a drip. To be sure, its more about money as average cost was $29 a barrel. Gov doesnt mention this hugh revenue but they'll put up a political fight for budget when it comes time to replace, hopefully when oil is cheap again. ??

I'm not a financial advisor, THEREFOR, do not make any decisions, financial, investment or otherwise, based on any of the information, presented in any of my messages, WITHOUT undertaking independent due diligence and/or consulting a financial advisor.

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