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Oil Prices Have Been Falling. Why It’s Time to Buy Oil Stocks

Barrons2022-08-20

It has been a boom-and-bust year for oil stocks -- but the energy sector looks like it's getting ready to run again.For much of 2022, oil stocks were the only ones going up as the S&P 500 slumped. ...

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Comment52

  • robot1234
    ·2022-08-24
    Oil rises as Saudi Arabia hints at possible output cut
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  • robot1234
    ·2022-08-22
    Russia is China’s top oil supplier for a third month in July, customs data showed. It comes as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and Far Eastern ports, totaled 7.15 million tonnes, up 7.6% from a year ago, data from the Chinese General Administration of Customs showed.Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.The strong Russian purchases squeezed out competi
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  • andrew123
    ·2022-08-22
    Like 
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  • Bspn
    ·2022-08-21
    Ok
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  • StarGate
    ·2022-08-21
    Oil is a good investment as of now . Question is why one to invest and how long 
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  • hotwheels
    ·2022-08-21
     The Energy Select Sector SPDR trades at just 8.5 times 12-month forward earnings, well below the S&P 500's 18.2 times and below its own 10-year average of 16.4. In an environment where price/earnings ratios could remain under pressure
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  • SPOT_ON
    ·2022-08-21
    No
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  • Andy Fong
    ·2022-08-21
    Ok
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  • BlueDragon
    ·2022-08-21
    Ok
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  • EHG
    ·2022-08-21
    Like 
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  • PearlynCSY
    ·2022-08-21
    Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than 145%. The conglomerate has already increased its Occidental stake drastically this year. Berkshire currently owns 188.5 million shares of Occidental, equal to a 20.2% position. It surpassed a key threshold where Berkshire could record some of the oil company’s earnings with its own, potentially adding billions of dollars in profit. Friday’s news fueled speculation that Buffett will be interested in acquiring the whole company eventually after ramping up his stake at low prices. The “Oracle of Omaha” started buying the stock after reading through Occident
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  • JustInvest
    ·2022-08-21
    [Like] 
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  • FrankieTok
    ·2022-08-21
    Ok
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  • Seah CL
    ·2022-08-21
    K
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  • KenixBoon88
    ·2022-08-21
    Noted with thanks 
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  • Tanyl
    ·2022-08-20
    OXY will rise very soon
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  • Bspn
    ·2022-08-20
    Ok
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  • HermioneG
    ·2022-08-20
    Awesome!
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  • BullishKing
    ·2022-08-20
    Pls like
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  • MoneyCentral
    ·2022-08-20
    The relief is mostly short lived as supply side still faces problems
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