Sweet 16 Upside is growing - Feb 8

[dan_s]

The "Paradigm Shift", started last week by Goldman Sachs' forecast of $65/bbl Brent has change the direction of the "herd".

David D. Tawil, co-founder at New York-based event-driven hedge fund, Maglan Capital, and interim CEO of Centaurus Energy predicts that oil prices of $70 to $80 a barrel for Brent will arrive by the end of 2021 and is investing long independent oil and gas producers. “We are going to see some incredible oil prices over the next couple of years, incredibly hot,” said Tawil.

Some banks are forecasting the United States, which leads with the number of COVID-19 cases, to reach herd immunity by July, which would greatly stimulate oil demand, said Jean-Louis Le Mee, head of London-based hedge fund Westbeck Capital Management, which is long a mix of oil futures and equities.

“Oil companies, for the first time in a long time, are likely to make a big comeback,” he said. “We have all the ingredients for an extraordinary bull market in oil for the next few years.”

In the United States, hedge funds increased their allocation to Exxon Mobil Corp by 21,314 shares in the third quarter, the most recent U.S. filings compiled by Symmetric.io showed.

Hedge funds added another 9,070 shares of U.S. majors ConocoPhillips and 4,144 to Chevron Corp over the same time period.

Read more: https://www.globalbankingandfinance.com ... producers/

[sundance]

Dan ..... Small cap Ring Energy just closed near your $2.20 target, with heavy volume. How much more room do you think it has to run? Are there any Sweet 16 or Small Caps that you think have a better chance to double in value than Ring?

[dan_s]

Hemisphere Energy has the most upside from where it is trading today. I need more information to justify taking REI higher.