TSX:HSE.PR.B - Post by User
Post by
IamMagicon Dec 01, 2020 12:01am
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Post# 32007148
Good investment
Good investment People seems to be extremely pessimist about oil producers. Let's put some facts that can help a bit to make a clever choice:
1- USA is the biggest oil consumer in the world. By June next year, they will likely be low or no restrictions. This might comes earlier as they can get all their 60 years old+ vaccined by March.
2- Electric cars CANNOT be deployed as fast as people thinks. The reason is the availability of copper/nickel/... (and all the others) required to get there. This can happen only in the long term. Nickel is rocketing already over 7,30$/lb and we haven't really started to turn green.
The biggest risk low cost producers but this doesn't seem to be a big problem right now