Aug. 26 at 1:43 PM
$FET 👇 rigs up 7% since the end of Q2. Headline vol on oil prices doing what it does. Trump and all his buddies + pretty much every country around the world does not want high oil prices. We’re fighting a fight nobody wants us to win.
I’m really having a hard time seeing how this isn’t pointing us to big beats for Q3 & Q4 and a FY beat. Needs to continue but, IMO, they’re going to lose the narrative war. Going to do all they can ahead of midterms but there’s some serious rallying coming at some point.
All signs setting us up for
$150 million EBITDA in 2027
I think I’m coming back in with leverage if they give us another shot in the mid
$60 range. Not a recommendation but I’ll keep you posted.