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Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs said on Thursday, and could even hit $140 in the face of a recession.
“$140 is still our base case because, unlike equity, which are anticipatory assets, commodities need to solve for today’s mismatched supply and demand,” energy analyst Damien Courvalin said, who compared today’s market to the recession in 2008.
At that time, oil prices rallied even during the ...
“$140 is still our base case because, unlike equity, which are anticipatory assets, commodities need to solve for today’s mismatched supply and demand,” energy analyst Damien Courvalin said, who compared today’s market to the recession in 2008.
At that time, oil prices rallied even during the ...
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70202862
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Energy stocks are the best bet in the market right now, says $JPMorgan (JPM.US)$ . JPMorgan is once again pounding the table on energy stocks. The sector has been JPMorgan's highest-conviction overweight since late 2020, and following the recent and sharp pullback, the firm said now's the time to buy.
The energy sector ETF XLE $Energy Select Sector SPDR Fund (XLE.US)$ has fallen 19% in the past month but is up 25% this year.
$Camber Energy (CEI.US)$ $Imperial Petroleum (IMPP.US)$ $Occidental Petroleum (OXY.US)$ $Indonesia Energy (INDO.US)$ $Houston American Energy (HUSA.US)$ $S&P 500 Index (.SPX.US)$
The energy sector ETF XLE $Energy Select Sector SPDR Fund (XLE.US)$ has fallen 19% in the past month but is up 25% this year.
$Camber Energy (CEI.US)$ $Imperial Petroleum (IMPP.US)$ $Occidental Petroleum (OXY.US)$ $Indonesia Energy (INDO.US)$ $Houston American Energy (HUSA.US)$ $S&P 500 Index (.SPX.US)$
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$ProShares UltraPro QQQ ETF (TQQQ.US)$ don't warry, monday will up to 133, they next day go to 138, watching![]()
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$Robinhood (HOOD.US)$ I got like 1000 shares of this n holding if yr lower then me dont sell cuz i m gonna hold till 60
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