Oil Stocks Ripe for Santa Claus Rally as Market Looks Past Omicron (COP, CEI, OXY, SLB, XOM, SM, OIH, XLE)

The Oil market has rebounded 8% from its lows recorded Monday mid-morning after reports of the Omicron variant exploding in major developed markets hit the wires. The rip since that point has likely reinforced the standing narrative for oil, which was nailed into place by Goldman Sachs and Bank of America last week. That view […]

The Oil Space Could be Poised to Boom After SPR Headlines Fail to Hit the Mark (SBOW, CEI, MTDR, PBF, CPE, HP, SM, XLE)

Earlier this week, the Biden administration leaked through sources that it has put together a coalition of large oil-consuming nations willing to undertake a coordinated release of oil from strategic reserves.  It’s a landmark event given that the US has never before undertaken a Strategic Petroleum Reserve (SPR) release outside of an immediate geopolitical or […]