Hutch726
3 years ago
my exit might have moved a little further but its gonna be that much more fruitful. reviewing everything this morning with a clean head and thoughts; opec aint budging, covid is done and overplayed (austria is less than half the size of florida), demand is back heavy with all the pent up people, holiday travel is going to be high, international travel gates are open, we are hedged higher this quarter and even better 2022 and further, printing money, spr has to be refilled, spr only holds so much of the sweet good oil, infrastructure bill calls for a lot of oil thirst. carry on. diamond hands............
Hutch726
3 years ago
Seeing lots and lots of crybabies out there complaining about an extra five bucks at the pump. Well... Get used to it. Oil prices are going to be up for the foreseeable future. WTI/Brent prices are up and up and will stay there. Why? Opec meeting last Thursday ended with an agreement with the Saudis and Russians continuing their curtail of production. Why? Simply because their last feud end of 2019 before CV19 ended with an f you and i am going full hard with production and going to make lots of money ended terribly with oil going negative. They have realized the simple economics 101 with supply and demand is the way to go. So supply is going to be continued to be cut for the next couple of months with slow softening of cuts thereafter. So on the American front, we have businesses that have been in the game for 50+ years minimum. They are grinning finally and rightfully so. These very long standing companies have taken the brunt of this whole mess. During such, they have curtailed stupid expenses, streamlined their processes, and have stabilized their operations for the real green. They have cut their break even to $45 or less per barrel on average with some closer to $40. Green green green (save the world) is the flower child's rants, all for it but it aint gonna happen all green for a long time. Slow moving process of at minimum a decade. We need oil to function. Sleepy Joe has a mass create jobs, fix infrastructure, build America better. Moral to the story: Back to the ohhh my gosh gas is soooo expensive now. We dont set prices, OPEC is the supreme being and they set the prices and they are up and will be. The person in the whitehouse is mute on all of this no matter what you believe. There are so many of these tickers and not on a bullshit GME rant but a real make money rant for all out there that look at the big picture. CPE/CDEV/LPI/SM/QEP/REI Watch and hopefully the smarts will listen. Do your own DD and this is not a paid post. GL
EASY DOUBLE FROM HERE
WE NEED AWARENESS HERE LONGS
shanon1
4 years ago
Look at its chart, pretty much says everything. Oil is going up, Texas, Permian play, its a survivor. IMO, will climb into the high twenties with more volume and really that is what it is worth. Could get much higher tho, just depends on sentiment.
TuMaRu
4 years ago
CPE is still $1.39 only due to the 1/10 reverse split enacted back in Aug. Highly unlikely that CPE will scale the same heights as the other oil cos. because investors simply won't support as much of a $20 below-investment grade stock as they would of a $200 tech sector stock. Or for that matter a $2 penny stock.
That said, oil is indeed looking like it will make a strong if not so swift recovery sometime in 2021. Key barriers remain including global aviation, leisure, cruising, hotels & hospitality, and shipping -- these need to open up before oil goes up in a meaningful way and more importantly, stays at reasonable prices for the industry to be cash flow positive some years from now.