Where is Mr Market?

Hi all,

Where is Mr Market?  

Lets look at the hard data on crude prices one year out and Three major oil companies.

WTI closed on 6/5/2017 at $47.40.  Today it is trading at about $65 per barrel. This is 37% higher than a year ago.

Brent closed at on 6/5 2017 at $49.47. Today it s trading at about $75.29. This is about 52% higher than a year ago.

XOM closed on 6/5/2017 at $77.05. Today it closed at $80.97. This is about 5% higher than a year ago.

CVX closed at $99.35 on 6/5/2017. Today it closed at $122. 26. This is about 23% higher than a year ago.

RDS.A closed at $53.34 on 6/5/2017. Today it closed at $69.30. This is about 30% higher than a year ago.

These companies all are paying a 3 to 5% dividend. They all indicate they recognize the Paris accord and are actively seeking green energy additions to their operations. They are not "Buggy Whip" companies that are unwilling to adapt to new market conditions. They are operating efficiently and yet "Mr Market" doesn't get it....I expect "Mr Market"  to change direction dramatically to the upside in the next several months.

Johnny Mac is Back
 

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