Oil heads lower after 7th weekly gain on virus mutation risk. Oil investors are you worried and have you pulled out your investments in oil-industries?

U refering to cheveron, exxon etc....?
Because of it slow growth + 30% dividend tax. I am not in.

However, if is SG stocks i would buy more instead for the dividend. Because there is always demand for oil in long run. I believe those who invest in oil will be mostly dividend investors, and is best time to accumulate shares.

Some may argue EV is the future. But alot of infrastructure need to be build, so maybe not my life time. In addition, when airline is back. Aeroplane eat lot of oil.

With oil stocks, the downside (and upside) is the large upfront capital expenditure needed to generate a stream of oil revenues that is supposed to last a company for years. Appears to me that most of the easy-to-find and cheap-to-get oil has been found in the last few decades, and now oil companies need to spend even more to find harder-to-find oil patches to generate revenue. This revenue stream is now also affected by energy alternatives becoming competitive with oil as an energy source.

The future doesn't look bright for oil companies who are focused only on oil.