July 23, 2021

9 thoughts on “Low oil price, which Oil and Gas counters to invest?

  1. Hi Rolf,

    Glad you are back to blogging after a long hiatus, would if you could share your insights and experience in the O&G industry, particularly the likelihood for Keppel and Sembcorp to merge in current condition?

    As we all know, KC and SMM tried to merge in the 2000s but it did not materialised.

    And in light of the drop in oil prices to historical lows, lower demand for rigs, etc. I believe the current environment forces, there seems to be no choice for merger to ensure survival in this industry.

    1. Hi,
      There are pros and cons to merger. Will write another article for this topic.

  2. RDS just announced their first divd cut since WW2, and dropped ~10%. XOM might follow suit.
    nonetheless, both are behemoths, still waiting for my RDS entry price. made the school boy mistake of mkt timing, hesitated when it was under 1000.

    1. Hi Fc, tot XOM already announced dividends on 29 Apr of $0.87 ps. XOM announced losses but main reason I feel is because XOM goes for early impairment related to noncash inventory resulted in 3b write off. Better to impair early than late, so I think it’s a good news despite the anticipated bad result.

      RDS at 1000? Are you referring to London Stock Exchange? U can never time the market. It’s funny, when I wait, normally price never fall, when I buy, price will drop thereafter. Maybe not so impt to me anymore as I will hold on to the stock.

      Actually bite a little by little at regular intervals is better as you are hedging upside and downside. Otherwise timing the market is difficult.

    2. yea, RDS.B on LSE. for withholding tax purposes. i prefer to use UK domiciled equities. essentially, its the same coy. RDSA or RBSB.

      i didnt really follow XOM, just saying that they will follow RDS. maybe not this round, could be next round. for RDS to cut divd for the first time since ww2, implies winter is coming

      next time you say, when you buy. then i will wait first, then buy in, ok? haha.

    3. Haha… ok u sure to win 7-8% ahead of me when I inform u i buy. Even stocks I win a lot over the years is the same. When I buy, they drop immediately as if God want to test my mental strength of faith. Maybe it’s a way of saying if u believe in something believe in the long term and do not let the rain, wind or even storm scare you if your foundation is built on rock and not on sand.

      XOM did announce dividend this round. But next round nobody know. But frankly, if I ask u, do you think u know if reit in Sg can continue to issue dividend forever? Nobody knows frankly.

      Most important is u do not depend on the dividend to survive and u believe that over a long term it can survive the crisis.

      WB believe America in 50s until his life time now. And even at 89-90, he still believe that USA will overcome and continue to grow stronger.

      I admire his faith in USA, bcos he based his faith on his 80 yrs of experiences seeing the growth of USA.

      But he may not be right, bcos maybe the next 100 yrs USA will actually go on decline. Nobody knows, but u must admire his faith.

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