Sometimes you need shelter from the storm. This oil and gas play is almost certain to be taken over by a big rich Omaha company soon. Make 9% to December selling puts.
We have now moved past the “beginning of the end” of the oil age. While there might be one more cyclical bull market in store, the 2020s will mark a profound shift in energy usage. The advent of EVs is upon us and petrochemicals will fail to grow as projected due to better technology driven options. You need an exit strategy from oil and gas stocks.
Oil and gas stocks are under pressure from different directions. However, ultimately, prices will support profits. If you are afraid of oil and gas stocks now, maybe it’s time to buy.