RE: RE: UJO20 Apr 2020 11:13
Hi Jack, hope you and your family are well. Have not spoken for a while.
In answer to your question - I place importance on my view but I like to have a collective range of sources for information. I also think that Doc often asks good questions and is an interesting person to listen too regardless of the topic.
With regard to SOU, any commentator is going to have good calls and bad calls. Those they are biased towards and those they dislike. For clarity, I still hold over there albeit at a loss.
In regard to the interview, I agree with the view that those who can look past the immediate oil price situation probably stand to do well if they pick their investments carefully. The world needs oil to function as highlighted by Malcy and others it is an interesting turn of events where the oil price is cheap but no one can actually use it. You can't fill your car up, you can't go on a cheap holiday, you can't do all the things that benefit us from having a cheap oil price.
The oil price is weak because the demand is currently lower (Russian Saudi squabbles aside). As soon as you can do those things and the world starts to spin again - what is the betting that the oil price will be much higher.
So I think there is an opportunity here at UJO and at RBD as companies with assets worth potentially a lot more than their current market caps and assets that are prepaid and will be ripe at hopefully at a time when the price is higher.
Obviously just my view.