The #oil services sector has been a meandering mess for much of 2024. In fact, the $OIH is actually slightly in the red YTD. Investor sentiment is also decidedly negative on oil, and oil stocks. 

The simple thinking is that Trump 2.0 is negative for oil prices due to his "drill baby, drill!" agenda, and pro-peace #MiddleEast policy agenda. 

However, I haven't heard much mention of aspects of the Trump 2.0 agenda that could be supportive of oil prices - these include:

🔵 Replenishing the SPR after the Biden Admin depleted it by more than 200 million barrels in response to the Russia invasion of #Ukraine. 
🔵 Slowing down the green transition. 
🔵 Major infrastructure investment programs.
🔵 Championing American manufacturing. 

I'm not smart enough to figure out where the price of oil is going over the next year, however, I do believe that the oil services sector will benefit from Trump 2.0. 

This sector is hated and trades at some of the lowest valuation multiples of any equity market sector. 

I like long $OIH into year end - key breakout level ~$307📈