Would you say PXD is in a wave 5 currently? I looked back 10 years to try to count it correctly!?!
From what I can tell, it's likely in a major wave 5. My biggest concern for it is its astronomical trailing and forward P/E's.
I saw those too, and wanted to ask you about that...how can those even be that high???
Remember, investors are the most irrational/emotional near market tops.
help me to view your videos ,have been a member since last september and still can't view your videos or newsletters .
hi Sean, I heard someone say recently that oil is in "backwardation" because the futures going out to next year are lower…