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Strategies & Market Trends : Market Thoughts and Trades
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To: rayrohn who wrote (2491)10/4/2021 10:13:38 AM
From: robert b furman1 Recommendation

Recommended By
tntpal

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God Morning Hawk and Ray,

I think buying CVX and XOM is a no brainer - not to mention a 5% to 6% dividend.

A good read about the coming OPEC + oil shortage, that will once again allow them pricing power.

f.hubspotusercontent40.net

Once that happens bend over, they will once again break it off in our pocketbooks.

With oil over $80.00, and very possibly $100.00, CVX and XOM will boost reserves with efficient drilling programs in Permian. XOM has Guyana and Brazil up their sleeves as well.

With OPEC + boosting the price of crude, both will have excess free cash flow to make the carbon free investments (carbon capture) and alternative greener fuels (bio and ammonia). They both have the lowest debt ratios of all the Global Supers, who are by politically imposed default, going to leave the NON-OPEC+ crude capex to CVX and XOM.

I'd buy more, but I'm already over exposed.

It will be a long and safe ride into 2022 imo.
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