Bet_Noire
Introduction
It's time to take a deep dive into the oil industry and the many (related) problems facing consumers all over the world. Oil and gas supply has been the cornerstone of my macro research since 2020, and it's the reason why
Exxon Mobil: The Most Serious Bull Case Ever
Summary
- In this article, I start by explaining why this oil bull market is so serious, looking at the supply side and reasons why oil production growth is subdued.
- I then explain why Exxon is my second-largest holding based on dividend consistency and its ability to benefit from what I expect to be a very long bull market.
- The bottom line is that investors need to be prepared for a long-term supply/demand energy imbalance. Buying Exxon is a fantastic way to prepare a portfolio for prolonged inflation.
Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.
As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.
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