CDEV and RIG along with other oil & gas and shipping stocks under $5 are on cruise control lately. The rotation out of growth and into value as well as cash seems to be the focus. But later on down the road, I think commodities will still benefit from all of the infrastructure spending. This was a good quote from an article I was reading (https://pennystocks.com/featured/2021/03/04/are-penny-stocks...“The outcome of today’s OPEC meeting lends to a running of the bulls in oil markets, as global oil demand rebounds amidst recovery in the COVID-19 pandemic while OPEC, which controls a third of global production, balks at the recovery and maintains extreme production cuts,” said GasBuddy’s Patrick DeHaan. “American motorists [are] filling their tanks at the fastest pace since the pandemic began.”We'll see what happens next but definitely going to be watching these stocks closely in the near term.
sorry, link didn't transfer over: https://pennystocks.com/featured/2021/03/04/are-penny-stocks...
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