Quote:
Originally Posted by thabighurt35
ok, so i read the abortion.
Nat i want to hear your ideas on how to make those plays and how on earth you want to short oil
iShares Global Clean Energy ETF peaked in the 40s a few years ago and has been as low as 6 the last couple years. It's now at 10 I think it's the time to jump in on it as it should go toward 25-35 in the next 2 years with potential for 40-50 a share.
Meanwhile instability in Venezuela + new US sanctions there in Iran and Russia and the continued war in Syria and Iraq + the rise of electric transportation has led oil to one of its most consistent low points in a 20+ years. After reaching peaks of ~150/barrel at the start of the decade and then bottoming out in the 40s in the last couple of years, OPEC/the Saudis have announced they will cap oil prices at 50/barrel in Q3. However I don't think that means that oil will reach 50 during that time period. The S&P global natural resources ETF may be quite a bit higher than its low in Q1/Q2 of '16 of 28, sitting currently 44.20. I think it it will dip below 40 again before '17 is over, I'm unsure of the bottom but when it dips below 40 that's the time to get in, ride it up toward 50 in about 18 months as things stabilize across the world and demand increases in the developing world again. Then jump out on that.
It's possible that if greater conflict starts across the globe that the clean energy etf will continue to ride low while the Global Natural Resources ETF would skyrocket with the demand for oil in military being the highest it would be in 100 years
Last edited by Natamus; 08-02-2017 at 01:56 AM.