The long term bias to energy prices is to the upside. Major fields are in decline and Wall Street is in denial. T. Boone Pickens will be on CNBC tomorrow and it will be interesting to see what he has to say.
OIL.TO, POE.V, PMG.TO, have all rebounded 30-90% off lows of a couple weeks ago. CXPO.OB is screaming buy after nearly 50% retrace.
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