BRY - good points, but long term the key issue impacting cash flows is crude oil prices. Who know where crude prices will be in 6 to 12 months ???
btw, the tax loss wait period pertains to individual stocks, not sectors. So you could take the loss on BRY, buy VTLE on the same day and still claim the full loss for BRY. However you could not buy BRY back for 30 days if you wanted to claim the loss. Otherwise your loss would be deferred.
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