Monday, September 12, 2022

Bought more oil

Bought 1% CNQ last month, and another 1% just now.

I believe once China stops lockdowns, or we recover from the current recession, oil will fly.  And it may not fall much during this recession.

Two traders I follow:

I was going to buy it anyway, so may as well buy now.

Currently for energy, I have 5% oil, 5% LNG, 2% Uranium (SPUT).  Want to buy a little more Equinor (oil) and Uranium.  Overall I am 90% long, 10% cash, 47% short.

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