Continue to invest for long. O

2024-03-22

Continue to invest for long. Oil stocks are still rebounding from previous lows and would seem to continue in mid term till pullback.

Given the uptrend in oil prices, politics, Middle-east conflict and Ukraine war, days of OPEC raising production to combat US Shale are over. Industry is ramping up exponentially based on Covid rebound and it wouldn't be possible to massively cut production.

Further more oil majors are diversifying into renewables at the same time so stock prices of these are not affected by short term volatility. Apart from traditional giants like Shell, BP, ExxonMobil, Chevron etc there are also plenty of players in the entire supply chain.

$Vista Oil & Gas, S.A.B. de C.V.(VIST)$ $Schlumberger(SLB)$ $BP PLC(BP)$ $Exxon Mobil(XOM)$

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