The more "green" nonsense the higher oil goesMake no mistake, oil companies are getting hammered from all angle politically. No one in their right mind would explore or start new wells under these conditions. Exploit whats in place, shake head and sell to highest bidder. Thats all any oil co can do.
Sadly this will effect us all as put yourself in the position of these companies. Are you going to
A) give back to shareholder
B) find new ways to line your own pockets as the end is near
Obviously, fossil fuels are here to stay and eventually, no matter the nonsense sold to public, fossil feuls will remain powering the world. However, its my beleif the Trudeaus of this world want to destroy all business so these resources can be taken over my state opointed monopolys. This is the danger I see to holding oil stock that I think execs see too. However, for the 1-5 year term, its going to make sense either way for oil co's to drive stock prices up so the execs can cash out. So I expect some return to shareholder is going to be the best way for everyone.
I held thru the worst, at which point I was on paper very much ruined. Almost fully recovered now and I'm pretty sure the Trudeaus dont like that at all. They wanted us ruined. ITs going to be a seesaw ahead unless oil execs stick to the return to shareholder plan. So far mainstreem media just begun to write how attractive oil stocks are. If they start dividends both special and regular, and generously there is a real shot of everyone pulling out with a TON of money before the world burns.