KRP fed can only do so much with interest rates , this is supply
KRP is in a great position as a light weight royalty company that allows them to have all the benefits of higher oil prices with the protection of futures in the correct way.
very well managed and has been on the radar for a while
theory:
oil companies are in the best position right now between economy and business. they hold all the cards and dont have to do much to kep supply tight. fed raising rates does not help supply issues. it can help demand side but the rising interest rates on a supply issue are like a secondary knock on effect. not always super effective.
oil will remain high and because of that their cash flow will stay strong relative to the rest of the market. if market meltdown then model obviously shifts but if the wheels stay on , things look reallyyy good .
$20 has been a tough resistance to break , if that breaks this thing could rip .
not financial advice
very well managed and has been on the radar for a while
theory:
oil companies are in the best position right now between economy and business. they hold all the cards and dont have to do much to kep supply tight. fed raising rates does not help supply issues. it can help demand side but the rising interest rates on a supply issue are like a secondary knock on effect. not always super effective.
oil will remain high and because of that their cash flow will stay strong relative to the rest of the market. if market meltdown then model obviously shifts but if the wheels stay on , things look reallyyy good .
$20 has been a tough resistance to break , if that breaks this thing could rip .
not financial advice