2024-01-25 05:06:11 ET
Summary
- Occidental Petroleum's CEO warns of a supply crunch in the oil market starting in 2025, predicting prices of $80-$85 per barrel.
- The shale revolution has temporarily boosted oil production, but once it runs out, there could be a supply shock.
- Marathon Oil is a strong oil play that tends to outperform when oil prices rise.
Introduction
I cover a wide variety of energy stocks, including drillers, midstream companies, and refineries.
As most readers may know, as I am bullish on the long-term outlook of oil prices, my preference is buying drillers with deep reserves, efficient operations, and a focus on (special) dividends.
However, some investors do not care much for dividends, which is fine, as everyone has a different strategy and preferences....
Read the full article on Seeking Alpha
For further details see:
Marathon Oil: A Strong Buy If Occidental Petroleum's CEO Is Right