10-07-2020, 12:10 PM
NEE just surpassed XOM as the most valuable energy company in the world. I didn't see that one coming a few years ago, and I suspect it is permanent. Much of that is utility company distribution revenues, but still. I think I will grab a modest amount of oil company shares when oil prices truly bottom from the current round of pandemic. That event doesn't mean oil stocks are going any lower of course.