02-26-2015, 10:45 AM
(02-18-2015, 02:45 PM)DRILLINDK Wrote: However, with the gradual movement away from oil to renewable fuels why is XOM a buy and "hold forever" stock?
I'm not worried that oil will become irrelevant in my lifetime. And as renewables gain share, I think the big "oil" companies will work hard to reposition themselves as big "energy" companies. Of course, there could always be some white swan technology breakthrough that provides tons of cheap power, drastically reducing or eliminating our need for oil. That would surely crush the value of the big oil companies. But it would also change the economic landscape so dramatically that its impacts would reverberate throughout the economy in many unpredictable ways.
(02-18-2015, 04:49 PM)Dash Wrote: First message on the board. Glad I found ya'll, thanks for having me.
XOM was not one of my core holdings, and when the oil slide began I got excited at the prospect of adding it. I decided against it b/c I'm an extremely conservative investor, and there were a few things about XOM that just made me uneasy.
Welcome Dash! You certainly pass the first important investor test -- know thyself!