Somewhat skeptical of Oil stocks but this sector seems to be perking up Theory being that a potential Dem win = less oil production = higher prices for oil. IDK
From what I understand higher oil prices are a result of a number of things, yes Biden likely plays into it, but it could very well be a sign of inflation, it is a sign of a lower supply and higher demand, and it kind of fits into the resource supercycle that some are comparing to the 70s.
WadeYendall
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@thejew84, Posted this back in Oct. The things you mention such as inflation have certainly become a big factor in the increase in oil prices. In retrospect I should have put a much larger portion of my portfolio into this type of stock.