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Brandon Beylo highlights strong performance in oil services stocks, noting that many names are reaching new highs.
Beylo points out that OIH, an oil services exchange-traded fund, is breaking out of a long-term base going back to 2018. He raises the question of whether oil services could become a major 'bottleneck' investment theme and states that he currently owns OIH.
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Beylo has recently covered sector moves in detail. Earlier this month, he reported on Idaho Strategic's acquisition of the Niagara Copper-Silver Project with 154 million pounds of copper and 8.8 million ounces of silver. He also discussed Ryan Cohen's $55.5 billion takeover offer supported by an eight-page slide deck.