Trying to hear what's not being said
December 13, 2024 Leave a comment
If there was money to be made by providing renewable #energy, #ExxonMobil would be trying.
Not once, within #XOM‘s 57 page “Plan 2030” document, do the words “solar”, “wind”, “hydropower” or “geothermal” appear.
In fact, ExxonMobil plans to increase oil and gas output by 18% within the next 5 years.
https://investor.exxonmobil.com/news-events/corporate-plan-update
December 13, 2024
rob@karriasset.com.au
October 6, 2023 Leave a comment
The study below shows the percentage that the WTI Crude Oil price was trading above its 200 week moving average.
When combined with my other studies and metrics, (albeit I couldn’t predict this week’s 10% decline) the probability of the oil price embarking on an extended advance was waning.
More so (subjectively observed), when the financial media noise increased surrounding the various analysts saying $100 was inevitable.
This coincides with my note written 2 weeks earlier.
The high was $95, it is now $82, may see you at $73.10.
Better yet, we may see much cheaper shares in energy companies.
October 6, 2023
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 