- Beaten down due to some big investor unloading 9 mill shares or something along those lines a while ago, which is why it changed from being small cap leader among HUSA, IMPP and CEI for energy push. Big volume coming in now. Ya love to see it.
- Oil swung lows and all commodities are on some support at the moment. If we get a push higher from the sector I think energy is a solid bet.
- France energy is 70% nuclear and an exporter to EU. Currently in a heatwave where water is too hot to be properly cooled and released back to the river or wherever its coming from. Another supply constraint that could be just around the corner if they have to power down reactors = Yet another bid on energy in an already constrained supply
- Nothing changing with EU/Russia relations means we have the backing for a push moving forward for oil and energy in general and this puppy is correlated to CL like a MF.
- Many more macro tailwinds but not getting into it all. Looks like up only TV