Oil values

Memo0606 · 2025-04-22T16:19:26.105727Z

Do you find oil values like $OXY and $CNQ currently interesting for an additional purchase? I deliberately mentioned them because I am considering buying more :) vg

Soprano@Soprano

1Wk

Oil should not be underestimated for the next 10 years. Could be a top pick right now. Buying US or Far East Oil is not the worst thing you can do right now, even if I prefer other sectors.

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Silas W.@DynasticGrind

1Wk

For me personally: No. But only because I already have quite a lot of oil stocks in my portfolio and bought them relatively cheaply (most of BP just over €2.50, now my largest position with a weighting of over 10%) and in my opinion oil has run hot and is currently at a cyclical high... However, oil companies are no longer just oil companies (with BP you have to assume that this will remain the case in the near future), but also diversified energy suppliers. What is important is staying power (as with everything else) but I am of the opinion that things will go down again before then. In my experience, oil is often unfairly punished and the demand for crude oil in industrialized nations (especially outside Western and Central Europe) shows no sign of declining any time soon. Oil may lose some of its importance as a fuel in the next 30 years, but as a lubricant, in chemicals, cosmetics, etc... hardly at all. As natural gas and oil support each other to a certain extent (and are generally produced together), demand for the agricultural sector should also remain a significant pillar, as there is currently no alternative to ammonia-based artificial fertilizers that is just as effective. Demand is increasing here, especially in the Far East, and since ammonia is primarily produced from natural gas using the Haber process, which in turn is offered by the same companies as crude oil, I do not see growth coming to a halt in the long(!) term. Nevertheless, I believe that these companies are much more cyclical than one might initially assume and that now may not be the best time to enter... I may be wrong, of course.

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Memo0606@Memo0606

1Wk

@DynasticGrind you think oxy and canadian resources are currently not cheap???

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Silas W.@DynasticGrind

1Wk

@Memo0606 At least not in such a way that I would be in a buying mood right now.

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Memo0606@Memo0606

1Wk

@DynasticGrind hmmm I disagree

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Silas W.@DynasticGrind

1Wk

@Memo0606 On the road in tranches

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ThemenmitKopf@topicswithhead

1Wk

Not really.

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Memo0606@Memo0606

1Wk

@topicswithhead Why not

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ThemenmitKopf@topicswithhead

1Wk

@Memo0606 Why do you want to go shopping? Everything speaks against the industry

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Memo0606@Memo0606

1Wk

@topicswithhead thought because well liked must come again :)
which sectors or shares do you have a positive view on?

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ThemenmitKopf@topicswithhead

1Wk

@Memo0606 no, I don't think so. The market is dying in the long term but not in the short term. The only problem is a the Saudis and co and b Trump wants to create more volume. This will lead to more sales and profits in the medium term, but also to falling margins. If this happens, it will also lead to a drop in prices due to competition. More or less a scenario and probably also the reason why shares have fallen.

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ThemenmitKopf@topicswithhead

1Wk

@topicswithhead depends of course on how it actually turns out in the end. If not, they can certainly make up for it

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Memo0606@Memo0606

1Wk

@topicswithhead but why has trumpp been buying oxy for years?