Watch the video. This guy is part of the most successful commodity fund, and his firm does outstanding research. The Gold to Crude Oil ratio is SEVEN standard deviations outside the normal range.  I took a stab at some long term wave counts on some of the most beat up energy equities. The drillers tend to move first. I am in all of these. These are some of the most beat up ones. A rising crude price and lower interest rates is the envirnment to drive these higher. 

https://youtu.be/gAxV4xrXaXU?si=-BOmDmXYfSo0auRk

https://stockcharts.com/sc3/ui/?s=BORR&a=2015287896&p=W&yr=15&mn=10&dy=0&id=p25277018033

https://stockcharts.com/sc3/ui/?s=BORR&a=2035961394&p=D&yr=0&mn=9&dy=0&id=p74472466963

Holding above the April low, but below the channel:

https://stockcharts.com/sc3/ui/?s=CIVI&a=2092058917&p=W&yr=6&mn=10&dy=0&id=p21643721244

One of the strongest ones since it broke out of that triangle in August:

https://stockcharts.com/sc3/ui/?s=HP&a=2035966364&p=D&yr=0&mn=9&dy=0&id=p66964893502

You can see the potential (1), (2) pattern, now in early stages of wave (3) that suggests it could take out that 48.59 high.

https://stockcharts.com/sc3/ui/?s=HP&a=2085967162&p=W&yr=6&mn=10&dy=0&id=p18751034307

SImilar potential (1), (2), bottoming pattern that suggests early stages of wave (3) that could eventually take out the 207 high.

https://stockcharts.com/sc3/ui/?s=NBR&a=2085968919&p=W&yr=6&mn=10&dy=0&id=p18751034307

https://stockcharts.com/sc3/ui/?s=NBR&a=2085969253&p=D&yr=0&mn=9&dy=0&id=p69242861012

Sideways in the channel but the moving average ribbon is just getting into a bullish configuration.

https://stockcharts.com/sc3/ui/?s=PTEN&a=2092144664&p=D&yr=0&mn=9&dy=0&id=p69242861012

And I have labelled the weekly chart showing a potential (1), (2), with wave (3) at the very beginning and still needing to break above the weekly downtrend line, but looking like it really wants to do it.

https://stockcharts.com/sc3/ui/?s=PTEN&a=2102362426&p=W&yr=6&mn=10&dy=0&id=p18751034307

Potential (1), (2), early start of wave (3) after breaking out of the wedge pattern on the weekly chart:

https://stockcharts.com/sc3/ui/?s=REI&a=2098918391&p=W&yr=6&mn=10&dy=0&id=p18751034307

Nice bottoming pattern between June and August:

https://stockcharts.com/sc3/ui/?s=REI&a=2102365316&p=D&yr=2&mn=0&dy=0&id=p25441192953

Nice easy to annotate clean chart. Multi year falling wedge pattern. Two breakpoints shown. Same (1), (2), early stage of wave (3) potential here.

https://stockcharts.com/sc3/ui/?s=RES&a=2098942016&p=W&yr=6&mn=10&dy=0&id=p18751034307

https://stockcharts.com/sc3/ui/?s=RES&a=2102423099&p=D&yr=2&mn=0&dy=0&id=p25441192953

Sure looks juicy right here. Double bottom. Bullish (1), (2), i, 2 potential kickoff today of wave the start of 3 of (3).

https://stockcharts.com/sc3/ui/?s=KOS&a=2102597055&p=W&yr=6&mn=10&dy=0&id=p18751034307

RIG driller daily:

https://stockcharts.com/sc3/ui/?s=RIG&a=2035959149&p=D&yr=1&mn=8&dy=0&id=p66415129031

RIG weekly potentially in early stages of wave (3).

https://stockcharts.com/sc3/ui/?s=RIG&a=2102707505&p=W&yr=6&mn=10&dy=0&id=p18751034307

WTI daily looks good.

https://stockcharts.com/sc3/ui/?s=WTI&a=2092145200&p=D&yr=0&mn=9&dy=0&id=p69242861012

Coming off a 9 year cycle low in April.

https://stockcharts.com/sc3/ui/?s=WTI&a=2092146682&p=W&yr=10&mn=10&dy=0&id=p57769263886

As long as SM stays above 19.17 this count is valid.

https://stockcharts.com/sc3/ui/?s=SM&a=2102713305&p=W&yr=10&mn=10&dy=0&id=p57769263886