Bullish on Oil, Pipeline Stocks, Long-Term Bullish on Cannabis: Todd Sullivan
The Contrarian Investor Podcast
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Is There a Risk of a Recession?
I don't see any risk at all. It was being backed around $30, $40 a barrel anytime soon,. Do you have a target for the upside? I think we can go as high as $1.51, $1.75. And it won't take much, you know, any kind of skirmish in the Middle East, right? A random size act up in the street or removes for a couple weeks. You're going to see oil, you're going to sees oil. The industry is not allowed to leverage up like it used to. Now its spending is really constrained and when you have times where you need rapid expansion - that's what has happened here.
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