Lions... Buffet Is Now Buying Energy Companies/Producers.
From Greg M
Lions…
It is certainly no secret that Warren Buffet has been getting out of the stock market for the last several quarters. With that, Buffet is now buying energy companies/producers.
If you recall, we have covered MANY TIMES how we can expect higher energy costs moving forward… do you think there just might be a connection here?
GM
Which ones?
Our oil stocks are meandering here at the bottom of the charts at various moving averages. There is an oil glut around the world and the Saudis are holding back production. If such drilling were to occur it would drag the price to the low 60s or as far as the 40s. Trump would only do this if the russians found him to be all hat and no horse and Trump comes to a truth that the usa is all hat and no horse militarily-the usa is attacking russia and they have totally lost the war in the ukraine.