Despite Goldman Sachs’ new $90 price target for oil, West Texas Intermediate (WTI) crude is down 3% to start the week. No surprise.
As I said yesterday, ignore them. Invest in oil stocks as if crude will trade between $65 to $70 in 2023. From there, focus on names with strong management, juicy dividends, and low production costs.
That’s a very simple thesis – something that can make you a lot of money in the next 18 to 24 months.
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