Oil Prices Have More Gains Ahead

Oil Prices Have More Gains Ahead

It’s been a while but our DTO short is starting to pick up steam and work out like we thought it would.  We are currently up 24% in it and I am of the impression we have plenty more upside as oil prices ought to continue to climb. Even if they stall we will add to our gains as the flawed nature of the ETF will lead to decay in its price.


Bloomberg says the oil market is the tightest its been in 3 years

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

With oil over $61 we can expect more drilling to take place. More drilling means more oil must go through pipelines.  Good for WMB, KMI.

Oil inventories are down 111m barrels since the March 2017 inventory peak and falling rather steadily .

Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
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