Don't be buying any Utes right now on account of me LOL. I'm in DEEP and have owned XEL since it was about $7.50 but they have much higher PEs than CSCO and a bunch of other growthier stocks. That won't last forever. If you aren't in already buy a few shares of the best and wait for a much better time. There are maybe six big Utes that are killing it and transitioning cleaner fast, and greener as they can.
BTW My thesis is not that oil is going to decline. Not at all!!! But is it going to grow slowly while it continues to be easy to over supply? It's not even arguable that is gong on right now, and it's the problem with SPs for years. They can bring it to market cheaper every year and at least at break even. That's probably good because we are pretty much at 1990's gasoline prices again if you don't live in a socialist state where the taxes are stupid high and getting worse every year.
BTW My thesis is not that oil is going to decline. Not at all!!! But is it going to grow slowly while it continues to be easy to over supply? It's not even arguable that is gong on right now, and it's the problem with SPs for years. They can bring it to market cheaper every year and at least at break even. That's probably good because we are pretty much at 1990's gasoline prices again if you don't live in a socialist state where the taxes are stupid high and getting worse every year.