Closing Bell Overtime: Surprise OPEC+ Cut Sends Oil Surging; Former Hulu Exec On Disney’s Future 4/3/23
Closing Bell
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The OPEC Put Is Back in the Oil Market
Warren Pies: I think that from our view, in our model view, and everything we look at, this is absolutely a buying opportunity for oil. We're recommending large cap quality energy stocks like Canadian producers C&Q, Canadian Natural, and Suncor. As far as the broad market, we came into the year seeing this 3,600 to 4,000 range; I haven't seen anything that's really changed my opinion here. But ultimately, if oil can get to $100, it's going to be a big negative for the equity market.
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