Oil bears have been in control of oil prices for a long time but a turnaround is finally taking hold.
Are you willing to pay a 20x-plus multiple for European oil majors that do not and cannot grow?
MGM Resorts International and Energy Partners are in unrelated businesses but have a spate of recent insider purchases in common.
This is a big selling opportunity in the European oil majors.
The five best performing and worst performing stocks in the S&P 500 in the previous quarter pretty much tells the tale of the tape, so here goes.
Let's review the charts and indicators of XLE.
Have stories about today's prices and not tomorrow's supply/demand possibilities set the stage for a rebound?
The excess inventory in oil will dry up, and the market will be forever changed. It is harsh in the short term, but could ultimately be beneficial.
Demand is collapsing from global lockdowns, just as supply is surging from all the major, battle-ready producers, who refuse to blink first amid the price war.
Dramatically slashing interest rates to zero and promising huge asset purchases are instilling fear, not confidence, in market participants.