Let's talk about the upcoming bull market in oil companies. What tickers are you accumulating?
>>61539857What's a "bull market"?
>>61539860It's when more people are buying than selling, leading to line going up.
>>61539857vgenx
>>61539874But why is it called "bull"? It should be a "tiger" market or something. Never mind the "bear"
Seizing Venezuela oil is going to make a supply glut, this will drive prices and profit down. Not bullish.
>>61539857Why would oil companies be a good investment? Oil price is likely going to be low due to demand peaking in China and intense pumping by OPEC
>>61540542>oil price consolidating for years after 2020 breakout>shareholders demoralized after years of their stocks going nowhere>"it has been on a downward move for years, that means it's gonna continue going down"
I own some Occidental Petroleum and some Total.
>>61540237That will take a number of years to happen.PVDSA needs a lot of work and investment to get back to full production capacity.There might be a short-term spike but even Russian supply can be taken out of global markets almost entirely and not affect prices too much. My reckoning is OPEC and non-OPEC states will get into a price war.
>>61539857CVXXLEchevron has a bunch of infrastructure and some property that has been stolen from them in venezuela so when the federal government ousts maduro, they and other oil companies should do somewhat well.
>>61539857PBR, NBR, OBE, CRLFF
>>61539857Anon, whatever happens just know suicide isn't painless to those who love you.
Are oil stocks kinda like miner stocks? Does shit like 10x sometimes, are there a lot of smaller cap oil type shit with like 1 derrick out in the middle of nowhere with some old bastard manually cranking it?
>>61544830Are Exxon a part of this?
>oil>bulloxymoron
>>61547686yes there are shitty penny stock companies who are drilling trying to find wells
>>61539857Petrobas, BP, XOM, MRO
What would cause an oil bull?If Ukraine war ends Russia will flood everyone with more oil
>>61549226manufacturing cranking back up again instantaneously, everywhere. that or a massive war.
>>61539857I am still holding PBR from 2020, bought it at $4. Was reinvesting dividends to silver, but after this rally will move em to ethereum
Why is Exxon considered better than peers?
>>61540746Post 2020 oil price movements were due to covid, lockdowns, production idling, sudden lifting of lockdowns, and then uncertainty due to the Ukraine war and sanctions. They were not due to long term trends in the structure of demand and supply. The long term trends are (1) heavy Chinese investment into green tech, and (2) OPEC needing to defend market share against frackers
>>61549226Russia is exporting about the same volumes of oil and oil products as it did before the war - about 7.5mbpd
