Josef Schachter – Now That Oil Is Pulling Back Is It time To Buy Oil Stocks?
November 23, 2022
Josef Schachter, Founder and Editor of The Schachter Energy Report and Eye On Energy Report joins us for an energy sector update. We start with the recent supply and demand data which shows US demand as falling.
We then shift our focus to the energy stocks. The vast majority of the stocks are up multiples of where they were 1+ years ago but still off the summer highs. We ask if there is more downside to these stocks and the time frames and levels Josef is waiting for to start issuing more buy recommendations.
Rambus put out a free article giving his technical outlook on oil-