RE: switched15 Mar 2020 12:47
More thoughts on Oil. Russia and Saudi are being stupid, let them fight it out between themselves until they both figure out that neither of them are making any money. In the meantime the companies like RDSB are comfortably hedged up to $40 /50 barrel plus RDSB has money to cover dividends long-term .
Many parts of the world wont stop using oil for many years to come and have no interest in going electric. Such as all of South America. India, China, large proportion of Asia and Africa.
I am not saying that oil will dominate for ever but certainly its not going away any time soon . Only my own thoughts guys