[Chris Johnson Penny Hawk Header]( Black gold, Texas tea Tuesday, April 25, 2023 Hello â Since last week, I've been telling anyone who would listen that I'm bearish on oil. Yesterday, right here in this space, I even warned you [why you need to protect against what's coming with oil.]( Well, just this morning, I had the opportunity to sit down with Money Morning LIVE Chief Economist - and my good buddy - Garrett {NAME} and talk about exactly what each of us see in the oil sector right now. [Click here]( or the image below, to hear our conversation. I believe that a lot of traders and investors are going to be fooled into expecting positive earnings results on companies in the oil sector. While I think the demand for oil is going to drop, which is why I've been looking to short oil via the iShares Core MSCI EAFE IMI Index ETF (XES)... Garrett thinks that domestic demand is going to rise. Specifically in an area of Texas called the Permian Basin. Garrett's of the mind that we're about to experience a Texas land-rush the likes of which have never been seen. In fact, he's host a special event about it this Wednesday night - [you can RSVP right here.]( There's over 400 oil companies operating in the Permian Basin...and on Wednesday, Garrett is going to share his list of the top 5 companies that are primed to be acquired by the big boys. That's why I'm reaching out - this is an opportunity to hear from one of the brightest minds in finance his specific list of names that could be bought out in the near future. [RSVP here for your seat on Wednesday.]( Chris Johnson By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team:
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