Rota 1985 - I agree with your outlook for the O&G industry.
The industry has become victims of their own success by producing more fuel than the world is demanding. The possibility that the world drastically reduces use of these products to address climate change, and the industry's got a deeply uncertain outlook over the coming years. If one factor in the acute drop in oil and gas demand emanating from the spread of the coronavirus, 2020 is likely to be another gloomy year for the industry.
Since the downturn in 2014, the O&G stocks haven't recovered (and neither have oil prices). ExxonMobil, once considered one of the most reliable well-performing stocks of any kind has performed far worse than the overall S&P index since 2014, WPL stock is still holding on well, the question is for how long!
Just noticed BP's new CEO ambitious target to reduce the oil firm’s carbon footprint to net-zero by 2050 and this compared to Coleman with his head buried in sand failing to see the writing on the wall.
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