Interesting thesis, but not correct.
Here’s my 2 cents @Dr_Stoxx. This is more of a longer thesis for the sector, but I have strong conviction that the narrative for oil will shift to a supply shortage. The combination of an industry that’s thinning due to bankruptcies and production cuts will result in a significant rally in oil. With oil stocks already at decade lows I don’t think you could craft a better setup for a rebound in oil.
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