I’ve said I will tell you when I sell a stock I have mentioned because I know you want to know. So just now I've sold Equinor, my only oil stock, after a good run. Not because I’ve turned bearish on energy long term, but because the breakout I expected has stalled and the Middle East risk premium may is now fading for me.
t is very possible i had got this wrong.
In this quick oil market update, I explain why I took the profit, what could send oil higher again, where I would consider buying Equinor back, and why the AI energy boom may still be a much bigger long-term story.
