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Bobwins

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Bobwins

Re: None

Friday, 09/23/2022 1:20:39 PM

Friday, September 23, 2022 1:20:39 PM

Post# of 115199
energy stocks. I added some energy stocks on the dip today.

I don't think energy usage is going to drop that much with a recession. Hasn't in the past. Europe is going to consume every bit of LNG we can export and oil is going to get substituted for ngas this winter.

Added LEU @35.99, MTDR @48.90 and CTRA @ 25.99

Natural gas inventories are below the 5 year average. Cold winter and US will be screaming for ngas. Exporters may get some backlash from US consumers.

Oil production is not going up. OPEC is maxed out. US Producers are not going to risk another price dive, they are maintaining production and paying dividends to investors along with share buybacks. They have been retrained by the market to return capital rather than invest in more production.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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