Stan Majcher, portfolio manager at Hotchkis & Wiley, joins ‘The Exchange’ to discuss today’s energy sector surge, strength in oil demand, long term oil supply concerns. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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11 Comments
Oil speculators want to drag us back into rampant inflation so they can make profits
Oil analysts I listen to say there is under-investment in new oil production.
Making money is action. keeping money is behavior. Growing money is knowledge. I'm excited I started earning upto 15thousand dollars extra income.
the economy is so strong it can easily handle $100+ oil
CPI on Thursday is completely meaningless if oil keeps rising.
Mr Majcher keep pumping oil higher and help push the economy into the recession sooner. Guess what happens to oil prices then? I am taking the other side of your trade! I can't lose!
Baytex is a great pick. Very undervalued.
"Years from now, we're going to need more than 100 million barrels a day." This guy talks as though climate change does not exist. Get out of the air conditioning, sir, and notice the heat. We need to think constantly of alternatives.
Go to Canadian mid cap oil co’s for the high multipliers, easy double and triples in the very near future. Tamarack Valley Energy is the next big multiplier, up 20% in a month, it’s under $3.70/share, was $6.30 a year ago. Also, Meg, crescent point, enerplus.
Why hasn't the government refilled the SPR yet when the oil price was lower? Lord Jesus talk about hesitation destroying the opportunity for profit.
Baytex, Whitecap, Tamarack Valley are a steal. Buy it with both hands.