re Nuttal's 3 obstacles to overcome + my #4
1) Fears of a fourth COVID-19 wave this fall,
2) Uncertainty about the world’s ability to absorb incremental OPEC production,
3) and skepticism around U.S. shale’s spending discipline have delayed the return of generalists back to the energy sector and their ensuing buying of stocks and consequent valuation rerating closer to historical averages.
Nuttal needs to add this to the list of 3 obstacles to overcome:
4) Overcome the psychology/shaming of investing in dirty oil - the herd is increasingly being shamed into avoiding anything other than green investments.
If Nuttal's thesis continues to gather momentum as we oil investors hope, at some point greede *should supercede some of those hanging back and feeling shame for even considering an oil investment.... BUT ....
Amidst the horrific nightly news of burning forests of western Canada, Oil ompanies need to step down HARD on the green bandwagon public relations gas pedal and get out in front of the parade in order to bring those timid folk out onto the dance floor so we can all bust a nice move.
Showcasing Canada's world class carbon capturing/greenhouse gas sequestering/conscientious energy producers with genuine mitigating actions is key to not only filling our jean pockets, but also saving the f'ing planet during this transitionary period!