[SaxxonWoods]

“Maybe people are getting out of America for fear of what’s coming.”

Not enough that would make any difference.

---

“It’s also odd that oil company and petroleum services companies are UP 10-20%. Any ideas there?”

Interest in stocks is typically predicated on expected earnings 6-9 months in the future. Due to the vaccine, investors are buying airlines, cruise lines, anything that uses a lot of oil/gas etc.

1.

[SaxxonWoods]

“It’s also odd that oil company and petroleum services companies are UP 10-20%. Any ideas there?”
Interest in stocks is typically predicated on expected earnings 6-9 months in the future. Due to the vaccine, investors are buying airlines, cruise lines, anything that uses a lot of oil/gas etc.”

I should have added that oil prices have been very depressed for quite some time. Rig count has recently started moving up, but it’s still very low. There’s a probable supply crunch in the future, not right away, but it fits the long term pattern.

[AZLiberty]

Interest in stocks is typically predicated on expected earnings 6-9 months in the future. Due to the vaccine, investors are buying airlines, cruise lines, anything that uses a lot of oil/gas etc.

I also had the thought that the end of fracking will lead to higher petroleum prices, which would be good for any part of the oil industry not involved in fracking.