11H·

Oil on Sale

Due to the actual or perceived easing of tensions in the Iran conflict, oil stocks have fallen significantly again. In my opinion, those who have invested countercyclically now have a buying opportunity.

$PETR4 (-0,4%) (Petrobras) is currently trading at 6.24 euros

$857 (-2,09%) (PetroChina) is trading below 1 euro per share

Unfortunately, I’m not the type to keep large cash reserves on hand; I won’t have another chunk of money to invest for another 2–3 months. 😒

6 Commenti

Dividendenopi👴@Dividendenopi

I’m being cautious for now. I sold my $PETR4 shares at nearly their peak for just under 8€, and I did the same with just under half of my $VAR shares—Klingbeil was happy about that. I won’t be buying $PETR4 again. The dividend has been cut back, and on top of that, you now have to pay withholding tax. I can see VAR going back up to around or just under 3 euros.

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NichtRelevant@NichtRelevant

@Dividendenopi I sold my $PETR4 shares at 7.60 euros. I don't like the newly introduced withholding tax either, but maybe I'll buy a few more shares if the price stays at the current level or drops a bit more and I "make some money." 😉

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Dividendenopi👴@Dividendenopi

There are definitely alternatives in the high-yield sector, especially in Scandinavia. Yes, the withholding tax there is even more of a hassle at first. But once you get the hang of it and the tax office has figured it out, the withheld portion comes through reliably and with little effort. Even though Norway has now revamped its refund platform. When the weather turns bad, I’ll post a detailed update. Until then, in addition to $VAR, you might want to check out $AKRBP 😉

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NichtRelevant@NichtRelevant

@Dividendenopi That sounds great. Yeah, once the temperatures drop again. It’s brutally hot here, too—the apartment is absolutely sweltering 😵‍💫 🔥🔥. I think I’ll head out to the countryside this weekend—I’ve got an 80-centimeter-thick rubble stone wall there, so it should be more bearable.

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GHF@GHF

I tend to think we're only at the beginning of a long-term downturn in the oil market, even though prices are likely to remain stable for now … But it's still way too early to get in.

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NichtRelevant@NichtRelevant

@GHF Of course, it’s possible that prices will continue to fall. I think a lot will depend on political factors—depending on how the situation in the Persian Gulf (and elsewhere) continues to develop.
Nevertheless, I believe we’ve now moved somewhat away from the highs of a few weeks and months ago. Company valuations are now returning to levels that focus on core operations rather than speculatively pricing in a potential oil shortage.

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