re: Are O&G stocks about to rise significantly?

quote:

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You buy whatever oil stocks you want to buy. I'll buy the same amount of VGT or QQQ (I'll even let you pick which one) and we can chat again in 5 years and I am willing to bet I'll come out significantly ahead of you.

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I have 3 oil related holdings and don't live in any of those states nor work in O&G. Also own VGT, 4 different factor ETFs, multiple other segment or broad market ETFs or funds, and 19 individual stocks, plus RE and fixed income. I don't disagree with the assertion of don't double down if you work in O&G, but really depends on what additional investments one may have. Like the guy who kept posting RDS would never cut the dividend and yet it happened. As usual, when cheap buy backs are available, companies have no liquidity or are hoarding cash/near cash and makes former buybacks at much higher prices look pretty damn wasteful IMO.

Also don't think O&G entities are about to rise significantly this year, but price at the pump will start inching up which is a good thing, and many will then bitch about higher fuel cost regardless of what the cost of production, etc is. SA and Russia got what they wanted, + more.