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Posted by
Two Blokes Jun 24 -
Filed in
Stock
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5 views
Recent geopolitical escalations, including Israeli and U.S. strikes on Iran, have driven oil prices and the BGR fund sharply higher, invalidating my prior bearish thesis. Heightened geopolitical risk has added a significant risk premium to oil prices, making it difficult to remain bearish on energy equities in BGR's portfolio. While these risk-driven price spikes are historically unsustainable, the economic outlook now appears stagflationary, favoring relative outperformance by energy and resource stocks.
