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Time to load up on O&G stocks?
Posted on 1/3/26 at 5:59 pm
Posted on 1/3/26 at 5:59 pm
Hegseth just said Trump is going to get American companies into Venezuela to start running things there. Is it time to load up on stocls like XOM, SLB etc? Is there an oil ETF that gives exposure to the entire industry that the MB likes?
8
Posted on 1/3/26 at 6:08 pm to saintforlife1
Isn't that a bet negative for oil prices. More supply in the market isn't good for majors.
Chevron is already operating there and obvious uncertainty if fighting occurs
Chevron is already operating there and obvious uncertainty if fighting occurs
Posted on 1/3/26 at 9:36 pm to saintforlife1
quote:
Hegseth just said Trump is going to get American companies into Venezuela to start running things there.
I don’t see American oil companies, which also have to answer to shareholders, jumping up and down in invest what I would take to get Venezuela’s oilfields up and running like Permian or Iraq. Oil is currently in the $50s. That isn’t favorable for companies to suddenly increase capital spend.
Posted on 1/3/26 at 10:07 pm to saintforlife1
quote:Little affect on oil prices CNBC
While the scale of the U.S. attack was unexpected, markets had already priced in a conflict with Venezuela that would disrupt oil exports, said Arne Lohmann Rasmussen, chief analyst and head of research at A/S Global Risk Management.
Venezuela, a founding member of OPEC, has the largest proven oil reserves in the world. But the South American nation currently produces less than a million oil barrels a day, which is less than 1% of global oil production, according to Rasmussen.
It exports just about half its production, or some 500,000 barrels, Rasmussen said. The conflict also comes as the global oil market is oversupplied and demand is relatively weak, a pattern that is customary in the first quarter of the year, he said.
Rasmussen estimated that Brent crude
prices will only rise by about $1 to $2, or even less, when futures trading opens on Sunday night. He projected that Brent will edge lower next week than where it closed on Friday, which was $60.75.
Posted on 1/4/26 at 8:39 am to saintforlife1
My personal opinion is there are literally thousands of better investment opportunities than O&G stocks. Chevron has gone nowhere for the last 8-10 years. Sure there is a decent dividend yield, but putting your money into the S&P would have returned you far better than Chevron and I assume the other majors as well.
This post was edited on 1/4/26 at 8:40 am
Posted on 1/4/26 at 9:09 pm to saintforlife1
They’re up right now, not sure if they will stay that way, hearing the infrastructure rebuild is going to take a while
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 1/4/26 at 10:19 pm to Kjnstkmn
HAL and SLB also currently up ~13%
Posted on 1/5/26 at 12:16 am to saintforlife1
Posted on 1/5/26 at 10:31 am to saintforlife1
The gulf coast refineries that were built to process Venezuelan's sour heavy crude will be the big long term beneficiaries.
I already own VLO and CVX. Both up nicely today.
I already own VLO and CVX. Both up nicely today.
Posted on 1/6/26 at 8:22 am to saintforlife1
Is anyone still buying OXY? It’s attractive around $40.
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