Tag: oil prices
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These Oversold Stocks Should Gush Higher with Oil
Oil prices are gushing higher. Last checked, WTI crude was up about $1.60 to $75.01 and could push higher. For one, demand could exceed expectations, if the economy shows further signs of growth, which could result in a deficit. Two, there are tensions in the Red Sea, where “Houthi militants have vowed to retaliate over…
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This is Why Occidental Petroleum Could Gush Higher
Investors may want to consider Occidental Petroleum, as we noted on July 14. At the time, the OXY stock traded at just $56.65, “but could soon see higher highs,” we also said. “All on news Berkshire Hathaway just bought another $250 million worth of OXY stock between July 11, and 13, 2022.” Today, the stock…
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Oil Gushed to $105 a Barrel… and It Could Get Worse
By now, you know Russia attacked Ukraine. “In announcing a major military operation, Russian President Vladimir Putin deflected global condemnation and cascading new sanctions — and chillingly referred to his country’s nuclear arsenal as he threatened any foreign country attempting to interfere with ‘consequences you have never seen,’” noted Reuters. Meanwhile, NATO plans to reinforce…
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Three Oil Dividend Stocks to Consider on Potential War
$7 oil could be a very real possibility. “My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7. Forget about $150 a gallon, I don’t know where we will be then,” Energy…