The only thing wrong...4 Nov 2021 08:57
With this company, with this share, this stock, isnt the company itself. The company has great potential, great assets.
the problem, is global sentiment against Oil and Gas, by people who genuinely believe that everything will be solved by hydrogen and renewable energies. It wont.
EVEN IF, every vehicle (plane, boat, truck, van, car, motorbike) was powered by electricity or hydrogen and even if every house or office was heated or cooled by air or ground heat pumps.....
Even if this all happened in the next 2 years, globally...over night..... by magic wand..... wishfull thinking, an act of some benevolent deity.....
WE WOULD STILL NEED OIL.....
Tarmac, tyres, rubber insulation, make ups, hair gels, paint, greases, lubricants, manufacturing materials, plastics, waterproof materials, absolutely everything we do, we eat, we wear, we use for transport, we clean ourselves with, we use medicinally, absolutely everything, is touched by the oil and gas industry.
People just dont realise.