Tag: energy
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Exxon under attack from eco-activist investors
There is a group of shareholders that want Exxon to shift its focus away from oil and gas due to their concerns about climate change. I think there are enough oil companies already heading down that path and Exxon is correct in wanting to hold the course. They can dip their toes in the clean…
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Oil companies increasing their footprint in renewables
I’m not big on renewable sources of energy. I’m in the camp that thinks they are not reliable enough to be a consistent supply of energy. I would like to see nuclear embraced more. All that said, oil companies are not standing still. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and…
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My strategy on energy stocks
Oil prices have rebounded post-pandemic. Oil prices have staged a rapid recovery since the biggest crisis to strike the energy industry in decades. The Organization of the Petroleum Exporting Countries and its allies stepped in last spring to backstop the market by slashing production in the teeth of a collapse in crude prices. This week,…