Submitted by [deleted] t3_yzlf1u in wallstreetbets
[deleted] OP t1_ix1sodv wrote
Yup. I was watching EWG from the moment the war broke out. I pulled the trigger on a first round as soon as they dropped below $20. Could go down further over the winter depending on how ruthless Putin turns out to be. Germany could be highly dependent upon Russian oil and gas although they have been working to become less so. If Putin turns off the spigot during the winter Germans could be in real trouble. Then again, this war could fizzle and Putin may become less inclined to pursue escalation. EWG is down and will eventually recover but it may not be done yet.
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