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home / news releases / NRGD - Consensus Remains Anchored To A Linear Extrapolation Of Oil Prices

NRGD - Consensus Remains Anchored To A Linear Extrapolation Of Oil Prices

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
  • Oil prices are currently above what consensus expected oil to be in 2021.
  • Looking ahead, sell-side analysts continue to maintain a stable oil price projection for the years ahead.
  • But the boom-bust like sequence of commodity prices in general make linear extrapolation rather useless.
  • In addition, the consensus narrative of peak oil demand will in itself turn the narrative on its head.
  • Linear extrapolation of the oil market has never worked, perhaps the consensus will have to learn it the hard way.

For further details see:

Consensus Remains Anchored To A Linear Extrapolation Of Oil Prices
Stock Information
Company Name: MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
Stock Symbol: NRGD
Market: NYSE
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