I am closing most of my position because I feel like we may be at peak oil. I climbed into TGA on the 9th of March 2021 at around $1.60 and I am selling more than half at $3.8 It’s been a good ride, and I believe the company will still make excellent cash flow, but I fear that we may be at peak oil and I want to lock some of these profits in.
Hard to tell with oil. Supply not there, capacity apparently not there according to some smart guys. I just know that it costs Saudi less than $20 to produce, so people will bring wells online.
As for inflation, I don't think it's peak yet. Rent prices are the biggest weighting and they have surged. May CPI could be ugly
Indeed – it feels like peak oil. May it be peak inflation too (at least for now)?
Hard to tell with oil. Supply not there, capacity apparently not there according to some smart guys. I just know that it costs Saudi less than $20 to produce, so people will bring wells online.
As for inflation, I don't think it's peak yet. Rent prices are the biggest weighting and they have surged. May CPI could be ugly