It means only one thing: There is more or less a global recession derived from government actions, globally, in response to a viral epidemic. In this recession nearly all modes of transport - land, sea and air, have drastically cut back, and due to that the global price of fuel is down.
As the pandemic recedes, so will the recession and all forms of transport will pick up, and when they do the global price of fuel will rise again, as will the stocks of the producers of fuels for transport.
I would say now may be a good time to buy Exxon.
“ I would say now may be a good time to buy Exxon”
Agreed.
November volatility aside, strong dividends and a rebounding global economy (especially US) and a weaker dollar should help offset fracking’s impact. IMHO, of course.
means only one thing: There is more or less a global recession derived from government actions, globally, in response to a viral epidemic. In this recession nearly all modes of transport - land, sea and air, have drastically cut back, and due to that the global price of fuel is down.
As the pandemic recedes, so will the recession and all forms of transport will pick up, and when they do the global price of fuel will rise again, as will the stocks of the producers of fuels for transport.
I would say now may be a good time to buy Exxon.
...
Very level headed, reasoning...thank you