Trade Alert: Bad Timing Puts Pressure On This Oil Producer

A slow economic recovery from the pandemic-related recession along with deflationary factors such as higher savings rates, slowing population growth and excessive debt loads are all headwinds for higher oil prices. Jim and Scott target this oil producer as the best way to profit as the combination of weak demand for oil and a large debt load will send its stock price plummeting.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, and Crash Speculator. He is an American lawyer, economist, and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S...

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