Inappropriately Exuberant About The Bakken -- October 12, 2023

Locator: 45743B.

Link here. 

From a reader, today:

• check out market cap of PXD and OXY
• today, 2:50 p.m., October 12, 2023:
• OXY: $55.94 billion; p/e = 11; div = 1.14%; shares trading at $65 / share;
• PXD: $56.04 billion; p/e = 10; div = 6.85%; shares trading at $240 / share;

Now, let's take a look at DVN:

• DVN: $30 billion; p/e = 6; div = 10.7%; shares trading at $47 / share;

I was so overweight in oil I quit buying "new" oil about two years ago:

• some exceptions;
• I consider oil a "utility" now.

I still won't buy "new" oil (with exceptions) but I think I've found another exception.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.