Quote (Thor123422 @ Mar 13 2021 10:16pm)
Are there any oil companies you know of that are particularly well suited or already invested in green energy? If the oil company doesn't have a solid transition strategy for the next 10-20 years I wouldn't touch them with a 10 foot pole.
Not within that time frame, most are touting 2050. Things like PSX and Suncore were just within my normal strategy of trying to make 30% and dump. Longer term ill keep my eyes on Shell but they are also touting 2050 so a far cry from a 10 year transition.
I think a lot of the oil companies stock prices that were hit due to a a negative immediate outlook with the airline industries have largely recovered. I do not see myself going long with oil, I only intended to buy and sell due to over pessimism in the short term.
The pessimism was well warranted initially and still is, its just we all have to try to adapt to the markets over exuberance in this recovery from March 2021s dip. Makes for okay short term plays on stocks that might not have a great long term outlook.
This post was edited by SBD on Mar 13 2021 11:36pm