NYSEAM:PLX - Post by User
Post by
oilinvestor52on May 07, 2019 9:16am
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Post# 29718722
dead industry?
dead industry?the entire mini cap oil space has been desimated and will be a very long time, if ever to return.( I think WD3940 is right by his self proclaimed smart penny-anti trading strategy.)
All the speculative money retail and institutional is investing in cannibis, crypto, AI, blockchain, esports, fintech. Being in the oil business now is viewed upon as dirty, evil, distructive, sucking from mother earth etc etc. Perhaps not justified but that is the mindset.
Its an entirely new spec investment landscape. Hence many funds completely exiting oil stocks. Interesting to note that Norways investment fund (largest in the world) announced record earnings in the midst of their exit from oil stocks.