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re: Who is still holding O&G stocks?

Posted on 1/3/23 at 7:48 am to
Posted by SlidellCajun
Slidell la
Member since May 2019
10534 posts
Posted on 1/3/23 at 7:48 am to
I hold individual companies and an ETF with supply companies
The etf had performed terribly
Posted by Texas Tea 123
Member since Sep 2017
210 posts
Posted on 1/3/23 at 9:02 am to
quote:

Yeah no doubt BP had underperformed in the last decade, but think that are pretty lean at this point. Plus don't want to pay the taxes since it was held in a taxable account.

Think their transition to more renewables will help them medium term



That's the problem, they are sloppily abandoning oil & gas (which looks to have a great 5-10 years ahead after a miserable period from 2014-2020) and going full on into renewables (this is a European company after all). Making dumb overpriced acquisitions in the renewable space, doing projects with questionable economics, etc. Just incinerating capital.

They are more concerned with signaling "clean energy" than they are with making money / return on invested capital.
This post was edited on 1/3/23 at 9:03 am
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