What do you think of oil companies and what percentage of your portfolio is in this sector?
Tesla enthusiasts will tell you that oil has no future, but for me the truth is that we need and will need oil.
I ask you - are you investing in this sector or do you not believe in it and think that in 10 years' time it really will not be needed as much? 🤔
0% in my portfolio because I'm scared of the future.... despite the fact that I love petrol motorsport (and everything around it), it has to be admitted that unfortunately it's been taking some bumps and blows in recent years and it looks like in 50 years anything petrol powered will be a rarity...
I also like oil processors like $SHEL and Poland's PKN Orlen. These companies pay nice dividends. I believe that oil will be the most important commodity for another 20 years or so. I don't know if anyone has tried equipment (chainsaw, lawnmower, ...) on electricity, for me these devices don't work and pulling a cord is not the best either. That's why I think the advent of electric devices will be slower.
We will need oil, but I have nothing related to oil in my portfolio.
It's certainly good to invest in this sector and I think oil will continue to be used.
I admit that I am not investing in this sector yet, but I definitely plan to.
oil is a gold mine :D remember that most electricity is still produced by combustion anyway :D just look for information and not what is published to people .... oil has been and will be one of the most important commodities .. EV is a step wrong ... plus can you imagine in 10 years housing estates everywhere with charging stations ? if you are not a communist there is no solution EV is in its infancy for the next 20 years you can rest easy