RE: Downside calculation16 Feb 2022 16:06
Oil will run out one day, the move to renewables will eventually happen - the subsidies the industry gets means it will be profitable eventually, but this will not happen for several years - oil and as a consequence, Shell, BP, Exxon etc is cyclical but in the not too distant past recall topping up BP at under £2.00 and Shell at under £10 , there remains upside in oil shares yet and the effective dividend at my average price is still good - I try not to overly analyse, history repeats and will do again 'new paradigm' or not ... ...