Ivanhoe Mines Ltd T.IVN

Here is the reasoning for the oil companies NOT being a good

[Muffybell1]

investment. As more and more ev's come online there will as time goes on, be less and less oil needed to make gas and diesel. Heck even ships and planes are gong the ev or hydrogen fuel cell way, and they ALL need electric motors no matter what powers them. Now as oil demand falls and it will fall faster and faster in a few years time, the oil companies in order to make proffits and make their shareholders happy will have NO CHOICE but to raise the prices, just as the ev's as time goes on, will lower the prices of those vehicles gioving consumers a NO BRAINER decision as to what to buy and you can bet it will be EV's and Hydrogen powered vehicles HANDS DOWN. It is already at the point where these are comparable price wise, even cheaper, last much longer can go faster and cost wayyyy less to maintain, much better than the gas/diesel guzzlers. Can you SMART investors see why IVN is an incredible buy here and a fantastic hold if you were SMART enough to have bought it at much lower prices.

[Muffybell1]

I did forget to add that as this demand for oil goes down and escalates, it will eventually have the oil price colapse especially if the oil companies keep building new plants or keeping production at levels they are used to. IN 20 years, the oil market will be MUCH SMALLER with many companies going under. Perhaps only the giants will survive but even they can see the writing on the wall and are

[Muffybell1]

For the ones who not only can't read but comprehend what I wrote in my last post, I did NOT say that ice vehicles are going away any time soon, but this is what I did say.  IN 20 years, the oil market will be MUCH SMALLER with many companies going under. Perhaps only the giants will survive but even they can see the writing on the wall and are getting into some forms of renewables. The

[Cobalt]

40 years of Oil left, If you have reserves you will be rich price can only go up with shrinking supply, Canadian oil sands with 40, 50, 60 years of supply will be the last standing and they only pricing in 3 years of supply now, No Braniner!

[Cobalt]

So your argument should be Oil and gas is going be so over priced you will have to drive a EV cheers

[Moemoney42]

LOL.. ol Muffy doesn't have the mental capacity to invest in 2 sectors at a time let alone 3.. LOL.. 

[Moemoney42]

DRUNK AGAIN..? ICE vehicles will be around for decades to come.. meanwhile the EV drivers are told not to charge their vehicles due to insufficient power grids.. just like they they had to do in California and Switzerland already with only 6% of the rolling stock in EV's.. what do you think will happen when the EV's get to 12 or 15%..!! They'll be sitting on the side of the road or you

[Cobalt]

Chevron 75 Billion buy back 22% of the float LOL