RE: So if we have a world wide energy crisis28 Sep 2021 16:41
It will. Next 3 months going to a nightmare with demand spikes from harvest, covid getting sorted, seasonal travel, air travel opening up, winter fuel and Xmas logistics demand spiking and capacity problems due to infrastructure down, no win, gas import problems, French poweline down, GOM hurricane and lack of maintenance.
This is going to get a lot lot worse for us but BP and oil going to surge alot from here.
Anyone who thinks we are in overbought doesn't understand the crisis brewing here which will push oil and BP to to highs very quickly
I can't see $100 being avoided in short time.
Don't sell plenty of legs in this yet. Have to agree 400 is probable for BP in short time
The balance is to the very significant upside