"As long as we're producing oil and gas, this company makes money." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance Editor's Note: Yesterday was a historic day. The Associated Press officially named Donald Trump the winner of the 2024 Election, and the markets have been surging as a result. On Wednesday the Dow soared 1,000 points. And in our Election Open House, we've been trading several winners based on market volatility, including a 25.71% winner on XLE in 2 trading days. Click here to start trading alongside us in this new climate at no cost to you. - Ryan Fitzwater, Publisher Donald Trump's policy stance on energy is clear. He wants a robust emphasis on fossil fuels, as well as scaling back renewable energy policies. Trump justifies the scale back as a way to reduce energy costs and achieve independence from other countries. Whether or not he actually achieves this agenda will take time to play out, but one thing's for certain – the perception of Trump's policy will be good for oil. But I'm not recommending to buy oil stocks. Instead, I'm watching one company that stands a good chance to make money as long as the U.S. is drilling its own oil and natural gas. That company is Schlumberger Limited (SLB). |
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