with the long term decline of coal, due to advancements in renewables and cheaper processing of natural gas.. most experts agree that coal isn't coming back.
why then, do analysts keep insisting that we are only at the "bottom of a cycle" with regards to off-shore oil? wouldn't oil share the same inevitable fate of coal?
I'm writing this while being invested in ESV, down 35%, and reading and taking advice such as "stockpiling" on it's way down and being ensured that we're at the bottom (though the bottom used to be $6, we're back down another 5% today). just wondering if anyone else is getting mixed signals bw analysts and reality.
Submitted June 20, 2017 at 09:53AM by dasMetzger http://ift.tt/2sm9UBy
