Drill baby drill! Possible 25-bagger calls.
Posted: Mar 27, 2024
- US oil industry is booming due to sanctions on Russian oil and supply cuts by Saudis and Russians - US is now the largest oil producer in the world - Biden administration has worked towards cutting emissions, but US oil production is still increasing - US is seen as the most important and reliable supplier amid tensions in the Middle East - Potential impact of Trump re-election on oil industry - Strategy of buying leaps in Plains All American (PAA) stock - PAA is a midstream company, which is more stable against commodity price fluctuations - PAA stock has cheap premiums and positive financial performance - Author bought jan/25 20$ calls and jan/26 22$ calls for PAA stock - Optimistic about potential upside for PAA stock - Other midstream companies with low premiums to consider: EPD, ET, KMI
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