We’re adding to an oil stock on Monday’s dip, with a big buyer of crude on standby
We’ll continue to look to add to our oil stocks if crude goes lower because we know a big buyer is waiting in the wings: the U.S. government.
Pipes carry water, steam and oil at Devon Energy Corp.’s 35,000 barrel per day Jackfish Projects plant, where Steam Assisted Gravity Drainage (SAGD) is used to extract bitumen from oil sands, near Conklin, Alberta, Canada.
Jimmy Jeong | Bloomberg | Getty Images