Quote:
Originally Posted by Buehler445
Goddamn rain man. I looked at XOM which I had earlier. Guess I should have hung onto it. That’s a hell of a run since the first of the year.
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It seems to me that there are a few factors that are helping oil this year.
1. They've been beaten down for about three years. (Ask me how I know that.) So they're cheap compared to other sectors. As money moves out of growth stocks, it's got to go somewhere.
2. The economic recovery is continuing, which is good for oil.
3. Apparently dividend stocks are seen as good hedges on inflation.
The only headwind is the move toward renewable energy, but that's a known thing and is built into pricing, I bet.