That's an absolutely unnecessary inflammatory post. I could write a thesis in response to your statement, but I've got better things to do.
In terms of your "go woke, go broke" saying - as a shareholder of a couple of lithium companies, I've done very well personally from investing in decarbonisation-focused assets over these past 12 months.
Sure, we currently need O&G and will for the foreseeable future, until renewable energy can sustain our energy needs. But the point is that there is a replacement/better alternative. O&G will be profitable in the short to mid-term, but now is a good time to be exiting imo. You sell when there is still excitement over value. If you sell when nobody wants the commodity, you'll end up having to write it off instead. If you're so keen on O&G, just hold on to the Woodside shares? Or if you don't like Woodside as a company, sell your stake and buy an O&G company you do like.
BHP is re-calibrating its company direction to generate long-term growth.
BHP Price at posting:
$39.16 Sentiment: Hold Disclosure: Held
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