02-10-2020, 02:12 PM
As long as Nat gas is under 2 and crude is under 50, oil stocks are overpriced even if they look cheap on paper. The size of the dividend is meaningless if they have to borrow from equity to pay it. Nat gas may find a bottom down the road buy there is no hurry to buy the OXY and XOM of the world. However I do continue to add to BP as I feel they are headed in the right direction with some recent purchases in the renewable energy field. I do have oil stocks on my watch list but I’m not adding anymore into that sector util I see some positive news.
To me the play is in renewable energy stocks. I have added 6 names in that space as I think they are the future. A few months back I bought NEE, NEP, ORA and TERP.
Today I bought BEP and PEGI. BEP to me is like NEE was a few years back.
Is anyone else in this space?
To me the play is in renewable energy stocks. I have added 6 names in that space as I think they are the future. A few months back I bought NEE, NEP, ORA and TERP.
Today I bought BEP and PEGI. BEP to me is like NEE was a few years back.
Is anyone else in this space?