to be honest the big thing I think about is geopolitical risk which is certainly saying something given the o&g world is littered with Disallowed salesmen.
the west is becoming more and more populist. look at the Uk announcement yesterday.
Is the same coming for the likes of bpt/wpl? Hzn/Chinese oil is risky and I feel like I’m playing musical chairs trying to time when to escape, and I obviously don’t have to spell out the impact of geopolitics on the owners of Russian oil companies.
if gas prices rise in the US and Canada, they too will be looking at super taxes. Just listen to bidens rhetoric.
when South American producers start looking the safest, it’s a sign the world is upside down.
im certainky worried about coal producers in aus.
maybe just oil futures exposure through ooo or uso etc might be safest bet?
