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Author: rayvt ✧🐝  😊 😞
Number: of 15064 
Subject: Related to oil companies
Date: 01/22/2025 6:13 AM
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Related to oil companies

A Canadian posted a take on some of 47's EOs regarding energy.

"... Canada's failure to develop LNG export capability leaves us behind.
Taken together these Executive Orders are remarkably detailed and fine-tuned to wipe out all forms of climate regulation and other barriers to US hydrocarbon energy development (including coal).

The US is positioning itself for a domestic energy boom. This could be a benefit for Canada if we deal with [problems], thereby heading off the tariff threat."

https://threadreaderapp.com/thread/188173808067323...

So it could well be that OXY, XOM, etc. will be advancing upward.
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Author: Aussi ✭  😊 😞
Number: of 15064 
Subject: Re: Related to oil companies
Date: 01/22/2025 7:32 AM
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Or it could be XOM and Oxy going down due to over supply. Exxon CEO in November said they were not regulatory constrained. Therefore, no benefit to them. However, if other oil companies were constrained by regulations, then they may increase production which will drive down prices which is consistent with the Administrations election statements to drive down energy costs.

My guess is, short term bounce and then long term underperformance.

Aussi
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