We've been saying this for a couple of years now. LOL nothing has changed and probably won't. I'm happy to have sold out in the highs because management doesn't seem to want to grow but rather maintain the status quo and as Bigal and others have mentioned before eventually (maybe 5 years maybe 10 years) when markets realise that Gas won't be needed as much in 20 years valuations will come down fast.
This won't happen now nor am I saying soon. But in 5-10 years as renewables gain ground slowly folks will look toward the next decade and realise that oil & gas won't be as valuable. Hence, Aramco keeping oil prices high so it can invest in other ventures like Hydrogen etc...
BPT Price at posting:
$1.54 Sentiment: Sell Disclosure: Not Held
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