Good point - cash piling up should've been cash generation for precision. Dividends may give a leg up, but deleveraging/de-risking is equally as valuable.
I'm 96% in energy at the moment (SMR, STO, KAR, TBN, WDS) as Europe will not want to be blackmailed by Russia even when their army is spent (The two Nordstream pipelines are already kaput and rusting full of salt water. Furthermore, the underinvestment in fossil fuels in the lead up to covid, which was the exasperated by covid, means that supply will remain constricted from non-Russian sources as well. OPECs decision to cut output, was not a geopolitical statement, but more a reflection of under-investment and inability to meet desired targets.
SMR Price at posting:
$2.50 Sentiment: Buy Disclosure: Held
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