Tag: energy

  • Crude oil prices hit it’s highest price in 2 1/2 years

    Crude oil prices hit it’s highest price in 2 1/2 years

    The thinking I guess is that investors are pouring money into renewable energy generation and keeping oil production low. This would keep supply low during current and/or rising demand which will keep the price of oil elevated for the time being. I don’t think anyone can really tell what will happen over the next year […]

  • Eco-activist investors win at least 2 seats on Exxon board

    Eco-activist investors win at least 2 seats on Exxon board

    This will have to be watched closely. Hopefully this doesn’t impact the profitability and the dividend of the company. An activist investor won at least two seats on the board of Exxon Mobil Corp. XOM 1.17% , a historic defeat for the oil giant that will likely force it to alter its fossil-fuel focused strategy […]

  • Exxon under attack from eco-activist investors

    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 […]

  • Oil companies increasing their footprint in renewables

    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 […]

  • 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, […]