RE:API Oil is a very high reinvestment industry. Needs a lot of money to replace wells.
Oil is not going away.
It is fertilizer, plastics, lubricants and much more.
80 barrels of oil to produce an electric car.
EVs are small potatoes in the equasion.
With high draws and low reinvestment the bite will occur at some point.
How long that will be I don't know.
But patience is a virtue.
And I am patient.
Our payday will occur at some point.
I think TVE is doing the right things for investor returns.