This week on Wall Street Unplugged, Cactus Schroeder, oil expert and 40-year veteran of the industry, predicts that oil prices will be heading back over $100 a barrel in the near future.
Cactus gives us a history lesson comparing this downturn with the oil crashes that took place during the mid 1980’s and the 2008 credit crisis.
Cactus also highlights how the costs to drill wells continue to fall each passing quarter. He talks about one particular industry (within the oil sector) that investors should continue to avoid.
Then, Cactus shares his two favorite stocks he’s buying right now.
As always, thank you for listening and good investing!