'jft310' pid='54093' datel Wrote:Stocks move in mysterious ways . Energy sector stinks . The company's fundamental value has never been greater . I'm riding the storm, fortunately my boat is not overloaded .
Use or flush
The energy sector is in bust mode and IOC is participating. But the oil bust likely won't last long, as busts go. It's an oversupply bust, not one of those low demand busts that can drag on for years. And there is no excess capacity of cheap oil hanging over the market. The oversupply is from expensive shale oil in the US. There is always an element of unpredictability about the markets, but I expect the excess supply wll fall off relatively quickly, the demand pick up some, and oil price to recover a lot by the end of the year. So riding out the storm is a prudent course of action.