The Most Profitable Oil Opportunity In the World... is Right Here.

After returning to the tropics after a long two weeks (vacation), we're talking about Goldman Sachs, the week ahead, and the opportunity for you to join The Florida Republic.

Sunday, June 11, 2023

Dear Old Friend,

Goldman Sachs (GS) says recent oil production cuts by OPEC will push oil prices into the $90s by late 2023.

You shouldn’t believe them.

Goldman is notoriously wrong about oil forecasts. There’s reason to believe they’re actually shorting oil prices…

I hope I’m wrong and people believe them. I’d like buyers to bid up oil futures. This would force short sellers (who are the most negative on oil in a decade) to cover their positions (and buy).

Regardless of what happens… you shouldn’t care if oil goes up or down, left, or right. The BEST way to invest right now in oil is to buy great stocks with cheap valuations, strong management, and gobs of cash flow. Then, just assume the price will remain in a range $65 to $70 in 2023. Anything higher will only make you even more money because their reserves will be worth more.

We must keep our focus on the Permian Basin, a massive oil deposit in West Texas. Giant companies like Exxon (XOM) and Chevron (CVX) are mov…