To The Moon

Is energy stock still a good buy with the fall in prices? 

To me it is a good time to add some into my portfolio. The fall, up to close to 2% is largely due to a statement made by president Biden on strategic petroleum release to cushion the impact of the sanction on petroleum supply n resultant price increase.

The headwinds against the energy stock should not be long lasting. USA will increase domestic oil production, hence local oil companies stand to gain. European countries will diversify the source of petroleum, including from China, if they refuse to pay for oil imports using Russian currency. 

$PetroChina(PTR)$ is one potential stock I will buy into. It is one of largest oil companies in China with good dividend and affordable price.

$Chevron(CVX)$ is another great dividend payout company where price has dipped. Or we can consider Occidental.$Occidental(OXY)$ Its price has fallen v close to what Mr Buffett has invested. He picks company rather than stock. So it might offer us greater piece of mind and greater safety margin.

Supply chain disruption and geopolitics offer long term investors opportunities to benefit from. Let's seize before it evaporates like smoke out of fire sales. 

Just my views as usual. Do your own analysis and diligence in investing our own resource. Best wishes.