Update on the Integrated Oil & Gas Industry


Introduction Oil & Gas

In January of this year, before Covid, I covered the three primary oil & gas integrated companies in North America. There was some very interesting dynamics.  When you are looking at stocks in the stock market and looking at one sector, you have a tendency to see all companies in that sector look the same.  So that was the video I did in January. I would like to revisit this and do an update for you.

One of the things that I tried to point out is that when you are looking at stocks in the stock market, looking at one sector you have a tendency to see all stocks in that sector look the same.  The industry itself is in turmoil, so oftentimes you will find great disparities between individual companies even in the same sector, but here you’ve got all companies suffering through the same type of carnage, which of course is collapsing oil & gas prices.

In the previous video I did show that we were looking for some really nice recovery in the oil & gas industry at that time.  But today, what happened is that Covid came and people quit driving their cars, businesses had to shut down.  We all know the story.  The point is, it had an extra jolt on the integrated oil & gas companies. Analysts are expecting a recovery going forward. All in all there is a great deal of risk in this industry.  I’d be very, very carful here.  Do your homework.

oil & gas
Oil & Gas

This is an update from a video Chuck produced on Jan. 22, 2020

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