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Cheap Oil Price Means One Thing

Sep. 14, 2020 8:39 PM ETDINO, MPC2 Comments
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somedata1's Blog
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  • Oil price is depressed.
  • There are many reasons why.
  • Don't care the reason but take advantage the low oil price.

Oil price remains low.  We know the reasons.  And there are many.  But we don't care.  What's good for low oil price?  The feedstock that is being used for refinery products such as gasoline and many hundreds of products. Low oil price is bad of upstream businesses aka oil explorers.  Refinery business could take advantage of low feedstock aka oil.   

$psx, $ mpc, $hfc fit the bill.

Analyst's Disclosure: I am/we are long HFC.

his blog should NOT be viewed as a recommendation to buy, sell or hold any particular stock. Please do your own due diligence.

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