Feb. 28 at 2:08 PM
Low float oil explodes Monday due to the news.
$USEG $TPET $EONR $DWSN $INDO and plenty of others.
It will be temporary, the straight of Hormuz speeds up deliveries but with a constant flow of tankers, once they all reroute the deliveries will be made.
Also, with the US as the largest oil exporter in the world, the price of oil is not nearly as reliant on the middle east as it was 20 and even 10 years ago.
I’m in USEG and I’m gonna bank on that. But by Wednesday-Friday I probably swap it out for NRGD to short oil prices going into mid March. Depends on how this event develops