Makes zero sense given the outlook in both crude supply and crude demand. Mostly just been a short squeeze. Though I will say Energy was the least overvalued sector going into the February crash. Cvx filled its gap today finally. They are all running out of steam. Companies like $OXY and $CHK could still easily go BK. Adding ugaz $26, shorting NRGU $4.40 with room to add. Thanks for the HTZ play.
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