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Oil (and Climate Change) – Is it still a good investment?
By Financial Horse  •  June 9, 2021
Note: This article is a premium article that first appeared on Patron I received a bunch of great questions from my Patron members recently! This post will spotlight some Oil / ESG issues. Oil / ESG ******************************* Hi FH. Recently the some of the oil majors are being told to increase their green portfolio and reduce their capex on fossil fuels as a result (activists on Exxon, court rule on shell etc.). I view this as a very bullish for oil price as supply will be squeezed further and demand in the near term is going to shoot up when Covid mandates start lifting. What are your views on investing in oil majors? On one hand, higher oil prices will benefit the oil majors for sure but on the other hand, they will have to spend more money on less profitable ESG ventures and less on profitable oil businesses. Does it still make sense to even hold or buy the oil majors stocks? Tks...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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