$Energy Select Sector SPDR Fund(XLE)$
XLE/SPY- energy stocks are trying to reverse the downtrend ( to me a giant bullflag ) against SP500.
The recent Russia sanctions from Biden and the likely Iran sanctions from Trump, should also give oil prices a good price range of $75~$85 per barrel.
Oil tankers are on fire $FRONTLINE PLC(FRO)$ $COSCO SHIP ENGY(01138)$ pullbacks are for adding. ( i will be posting when they retrace )
What have not took off are offshore drilling, which has been in a bear market for various reasons for a while. Trump has signal he will reversal the offshore dirilling restriction that Biden placed. $Valaris Ltd(VAL)$ $Tidewater(TDW)$
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