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#BP #RDSB #XOM #CVX
Another ‘no-touch’ sector that has been largely left for dead by investors, are the integrated oil majors.
Here @BPplc, @Shell, @exxonmobil & @Chevron are all trading on modest EV/EBITDA multiples of 5x-6x, alongside paying generous 5%-6% dividend yields.
Another ‘no-touch’ sector that has been largely left for dead by investors, are the integrated oil majors.
Here @BPplc, @Shell, @exxonmobil & @Chevron are all trading on modest EV/EBITDA multiples of 5x-6x, alongside paying generous 5%-6% dividend yields.
Indeed historically, income starved fund managers would be tucking in like hot cakes.
However today, due to #Covid induced demand fears, the shift towards electric vehicles, renewable energy and #ESG considerations, many institutions are taking a wide berth.
However today, due to #Covid induced demand fears, the shift towards electric vehicles, renewable energy and #ESG considerations, many institutions are taking a wide berth.
Albeit is there light at the end of the drill-bit?
In fact, push the clock forward a few years - & I suspect there could be another sharp spike in crude prices, given the dearth of exploration activity since 2016?
In fact, push the clock forward a few years - & I suspect there could be another sharp spike in crude prices, given the dearth of exploration activity since 2016?
