PerspectiveWhy would an investor sell an O&G stock:
1/ Profit taking
2/ Shorting
3/ Fear of losses, less profit, and the potential for a reccession
4/ Bought the peak and have buyers remorse
5/ Portfolio rebalancing
Why would an investor buy an O&G stock:
1/ Potential in crude prices stabalizing or rising
2/ Potential in share prices rising
3/ Balance sheet improvement
4/ Buy backs increasing
5/ Dividends increasing
6/ Realizes the shortfall in supply on the horizon increasing
7/ Sees the intrinsic "value" in the energy sector
8/ Realizes the "transition" to so called "clean energy" will take decades and the need for energy molecules
9/ Russia's war mongering
10/ Huge free cash flows at today's crude prices
11/ Cover short positions
In my opinion the buyers reason's are long term in nature.. the sellers reasons would be relatively short term views.. I fall in the latter camp and feel gains will be on the buyers side in the long term.. thus my reason for holding and collecting the divi's until the market realizes that the "physical" market globally is far more important than the US's "paper" market manipulation..
Do your own DD.. this is not suggested as investment advice..!