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Started By
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Major Oil Stock: Long-term outlook?
Posted on 8/16/19 at 9:48 am
Posted on 8/16/19 at 9:48 am
Major oil stocks pay a pretty significant dividend currently. That, coupled with solid log-term appreciation in stock price, has made them an excellent investment. (speaking in general terms)
I follow the car industry pretty close, and I can't help but think that in a very short time, our gasoline (and related products) consumption will drop significantly.
Even homeowner products are affected; electric lawnmowers, etc.
What are your thoughts? Will the majors still be rock-solid going forward?
I follow the car industry pretty close, and I can't help but think that in a very short time, our gasoline (and related products) consumption will drop significantly.
Even homeowner products are affected; electric lawnmowers, etc.
What are your thoughts? Will the majors still be rock-solid going forward?
4
Posted on 8/16/19 at 11:13 am to VetteGuy
Do you mean CVX, XOM, BP, RDS? Those are the only O&G stocks I'd put any money into...but I'd probably wait. It's gettin' rough out there.
Posted on 8/16/19 at 12:03 pm to cwill
Dividend has me at hello...... averaging in over time to CVX and XOM. Ultra long term play for me.
Posted on 8/16/19 at 1:15 pm to VetteGuy
Not saying you're right or wrong with your prediction about gasoline consumption, but the API reported US petroleum demand was the highest in June, July since 2005.
Doesn't mean the future is bright for the oil industry by any means, as I think the general long term trend is downward (however slowly that may be), but it's not going to be an Al Gore doom and gloom scenario tomorrow.
Doesn't mean the future is bright for the oil industry by any means, as I think the general long term trend is downward (however slowly that may be), but it's not going to be an Al Gore doom and gloom scenario tomorrow.
Posted on 8/16/19 at 2:05 pm to igoringa
Agree.
Same as me, re: long-term play.
Same as me, re: long-term play.
Posted on 8/16/19 at 2:09 pm to Boring
I don't think they are going anywhere anytime soon, but the tipping point may accelerate rapidly.
Posted on 8/16/19 at 2:21 pm to cwill
Yes, exactly
Posted on 8/16/19 at 2:37 pm to VetteGuy
If you think the long-term trend is down it doesn't mean they still can't be good investments. Look at MO & PM.
Posted on 8/16/19 at 2:48 pm to bogart
I think they are well-managed companies, overall.
I have a gut feeling that consumption of their products will decrease quite rapidly when it does occur.
Started the thread to hear the Board's thoughts, really.
I have a gut feeling that consumption of their products will decrease quite rapidly when it does occur.
Started the thread to hear the Board's thoughts, really.
Posted on 8/16/19 at 3:01 pm to VetteGuy
.
This post was edited on 8/16/19 at 3:28 pm
Posted on 8/16/19 at 4:05 pm to TigreB77
BP pays a nice dividend but the stock price has pretty much been static for nearly 10 years
Posted on 8/16/19 at 7:56 pm to VetteGuy
The biggest producer of alternative energy is Exxon Mobil
Ain’t going nowhere.
Ain’t going nowhere.
Posted on 8/16/19 at 7:58 pm to makersmark1
And Shell is heading aggressively into the alternative energy plays.
And they are freaking huge into natural gas.
And they are freaking huge into natural gas.
This post was edited on 8/17/19 at 8:54 am
Posted on 8/16/19 at 10:38 pm to VetteGuy
quote:
Major Oil Stock: Long-term outlook?
define long term
My largest single holding is XOM, while I am not a buyer per se the dividends are DRIP.
I would think that the next upcycle is 18-24 moths away and we are decades away from replacing hydrocarbons as a fuel source, remember each and every electric car in the world is still and will remain predominately hydrocarbon powered.
Big oil really doesn't care if you buy their natgas to generate electricity to charge your car or buy gasoline to put in the tank directly, they profit either way.
Posted on 8/18/19 at 10:36 pm to cave canem
Long term being 10-20 years.
Good points.
I'm counting on dividends as a key component of retirement income.
Good points.
I'm counting on dividends as a key component of retirement income.
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