HC Wainwright restated their buy rating on shares of Spero Therapeutics (NASDAQ:SPRO – Get Rating) in a report published on Monday, Benzinga reports. HC Wainwright currently has a $6.00 target price on the stock. HC Wainwright also issued estimates for Spero Therapeutics’ Q1 2023 earnings at ($0.43) EPS, Q2 2023 earnings at ($0.43) EPS, Q3 […]
Spero Therapeutics, Inc. (NASDAQ:SPRO – Get Rating) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 942,700 shares, an increase of 142.0% from the February 28th total of 389,500 shares. Based on an average trading volume of 459,100 shares, the days-to-cover ratio is […]
million barrels of oil. the sanctions have not stopped it. i mean, whatever slack is happening from europe or maybe the u.s. is being picked up by china, and india, as you well know. all right. look at. the average oil price in round numbers, call it $80 a barrel, 10 million barrels, that s $800 million for his war machine. during the trump years precovid, the average price was around 50 or $60 a barrel. i ll call it 60. so, here is the difference. 600 million barrels, $600 million to russia from their 10 million sales, now it s 800 million. that difference, john, is $200 million. that s he s playing with house money. it s not his money. it s money coming from the u.s. because what, because we cut back on fossil fuels, because we financed out of spro, damaged
by the time the next major release was announced in march 2022, gas prices had risen by 21 cents. what this is all a reminder of in the president s view is our need to reduce our reliance on oil. bret: 30 million barrels were released in march. by the end of the month the average gas price rose to more than $4. prompting the biden administration to continue releasing oil from the spro. i m going to continue to use every tool at my disposal to protect you from putin s price hike. bret: how is china s reopening and then u.s. and european sanctions impacted pricing? we are stepping into neuter rain. there are counter sanctions from russia that could start to take effect. there s more ships traveling longer distances, a lot of unknowns. we don t yet know. and investment in the world is still lagging the need for supply. bret: more than 180 million barrels released over six months. yet, gas prices still rose. and hit a new historic high at $5.01 per gallon.
use it as it was intended by law which is in cases of significant supply disruptions. bret: republicans want president biden to increase domestic production before he can drain any more from the stockpile. bret: you have a bill that prevents further drawdown. if as a byproduct of this bill, the direct result in the short-term is raising gas prices, are republicans okay with that? well, joe biden is trying to repeal the law of supply and demand. bret: the white house has provided few details on how they will refill the reserves while keeping gas prices low. i have no concerns that we will be able to refill and replenish the spro and do it at a savings to taxpayers. bret: economists say it s difficult to project how long it will take to refill the reserves and whether it can even be done at all. historically the government has added to the reserves slowly and in small amounts to avoid impact oil prices. it took more than two decades to