GBA Presents: THE GREEN MARKET

This is an interesting way to look at things-

  • In a note Monday, Morgan Stanley's Devin McDermott argued that North American oil stocks are "pricing in" $64 WTI (NYSEARCA:USO).
  • McDermott argues that while front-month pricing of $115+ may be driven by politics, the two-year strip of futures prices has already risen to ~$94.
  • On McDermott's numbers, Canadians Suncor (NYSE:SU) and Cenovus (NYSE:CVE) are the least expensive names in his coverage, and appear to be priced for $53 and $57 WTI, respectively.
  • Meanwhile, Marathon (NYSE:MRO) and Devon (NYSE:DVN) price in $81 and $76 WTI, in Morgan Stanley's view.
SU priced for $53 seems like a bargain.>
 
Damn it I screwed up. Limp wrist handshake. Me of all people. I didn't know whether to shake hands it's awkward, the virus has done this to us-- the girl is here to model jewelry -- and her hands were sooooo lathered up. Lotion X 10... I just kind of slipped out... oddly sexual... but in a bad way.
 

‘I think we’re going to see some spectacular returns,’ says ARK’s Cathie Wood and I also think the earth is flat.
0fdb0b67cca204098db34e8e6d47546c

‘I think we’re going to see some spectacular returns,’ says ARK’s Cathie Wood
 
Upside Down H&S pattern- $37-$38 would be my buy point/ risk reward here is good. This probably stops at $38. Upside-$60

Tourmaline Oil Corp. (TRMLF)

40.68+0.46 (+1.13%)
As of 12:08PM EST.
 
Ebay is going back to $60 but there's work to be done at that price.
For this move Van consider putting a sell in on their analyst day maybe $59.50

eBay Inc. (EBAY)
55.77+0.11 (+0.20%)
As of 12:28PM EST. Market open.
 
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