Good analysis by the writer: You have to think about the Exploration and Production sub-sector like a portfolio of junk bonds. While 10-15% may default and go bankrupt, the remaining 85-90% will dramatically outperform. That's why it makes sense to own a basket of Exploration and Production stocks at these depression level prices of 2009 (Great Financial Crisis) and 2016 (when WTI Crude traded down to ~$26/bbl), because the 85-90% that make it can be up 100-200% over the next three to five years.
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Nice article @[Ryan McMaken](user:49146).
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Bubble??? Yep!! Bursting??? Maybe??
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$AHT is the kind of risky bet I like.
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Fascinating article. Hard to believe that past FED personnel have truly been able to refrain from being influenced by political preferences.
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Good analysis by the writer: You have to think about the Exploration and Production sub-sector like a portfolio of junk bonds. While 10-15% may default and go bankrupt, the remaining 85-90% will dramatically outperform. That's why it makes sense to own a basket of Exploration and Production stocks at these depression level prices of 2009 (Great Financial Crisis) and 2016 (when WTI Crude traded down to ~$26/bbl), because the 85-90% that make it can be up 100-200% over the next three to five years.
Markets Are Topping Not Breaking Out
Good anaylsis.
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But haven't we all been through this before?
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It's going to go lower before it goes higher...