C.T. Fitzpatrick has beaten 99% of his peers since the financial crisis. He shares his 4-part strategy for dominating a coronavirus-hit market — and names 6 companies that will benefit from the fallout.
The novel coronavirus pandemic has disrupted global trade, forced factories to cut back or close, and led to widespread lockdowns intended to slow its spread, slashing demand for fuel. Saudi and Russia are also locked in an oil-price war after failing to agree on output cuts, meaning there's a supply glut.
Shares in Anglo-Dutch behemoth Shell, Norwegian oil giant Equinor, French producer Total, and Italian rival Eni have all slumped more than 30% since January. Equinor's stock was flat in early trading on Thursday, while the other three climbed about 1%.Shell, Equinor, and Eni declined to comment to The Journal. Meanwhile, the Saudi Public Investment Fund and Total didn't respond to a request for a comment from the newspaper.
Business Insider has reached out to all the involved parties but a comment was not immediately available.The Fed temporarily eases restrictions on Wells Fargo to boost lending amid 'extraordinary disruptions' »
and thats what this whole thing is all about.. intentional screw the market so you can buy these assets for peanuts!
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Saudi Arabia declares ceasefire in Yemen over coronavirusThe Saudi-led coalition fighting Houthi rebels in Yemen has declared a two-week ceasefire in a bid to stem the spread of the coronavirus in the war-torn country, according to the state-run Saudi Press Agency Today,My Facebook ID can't turn on.I think we need peace and free rebels 😂😂 they are Iranian backed proxy
Source: CNN - 🏆 4. / 95 Read more »
Saudi Arabia Declares Two-Week Cease-Fire in YemenSaudi Arabia plans to declare a two-week cease-fire in Yemen as Riyadh tries to extricate itself from a costly and protracted war with Iran-backed Houthi fighters Just doing what Israel directs them to do. Aren't Houthis Christian? Donald Trump is trying to do something no US president has dared to do in decades: Drive up the price of oil.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. oil state senators to talk crude markets with Saudi officials Saturday: sourceRepublican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday. TimoGard Just cut them off from all market access and seize their American holdings. Then turn them over to their own demise. TimoGard jimmyshabaya kindly follow peeps TimoGard USA should leave anyway, they have there own military
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Forecasts Oil Production Drop; Could be Factor in Saudi-Russia Price WarU.S. production of crude oil will fall 13% by year’s end, according to a government forecast—numbers the White House hopes to use to convince Saudi Arabia and Russia to end their price war. See,there is an argument between American president and American media during the pandemic,they make people forget the virus and pain,just like a joke🙃 This is why you don't let you economy fail. wheresmitch
Source: WSJ - 🏆 98. / 63 Read more »