A nice dividend yield of more than 6% and great prospects
Dividends are a good reason to invest. It provides income. Your investment is profitable. The board has earned so much that they can reward you for the trust shown. The underlying, dividend is a nice thing. It makes money. To support your income or to make new investments. Or to increase your investment. The?oil sector?has a very good outlook.
Yes, we’re going to burn less oil in the west. Only good. But we as a western world cannot do without oil. It is the raw plastic material, to name a few. A Tesla is 75% plastic. The North Face, which produces outdoor clothing, made a statement against the oil industry earlier this year. They just forgot to use oil products themselves. So they have been thanked in a billboard campaign by the oil industry for their support of the oil industry.
The rise of electric mobility is also a new opportunity for the oil industry. In a few minutes, you have a car filled with diesel and petrol. That is not the case with an electric car. Then it is rather 20 to 30 mi minutes to whole hours. Time in which people can spend time in a store. We all know that gas stations are not the cheapest. At the Dutch Spar, the opening of a few hundred shops in gas stations has resulted in a sharp increase in profit and turnover. All those plug drivers will have to stay longer than strictly necessary in such an environment. This means selling more sandwiches, coffee, and candy
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I’ll give another example of why we can’t do without the oil industry and expect a profit explosion. Asphalt is a by-product of the oil sector. In the United States, President Biden wants to address the lack of infrastructure. There is a small problem. There isn’t enough asphalt capacity to do that. So investment opportunities for oil refining. Unfortunately, President Biden is highly critical of the oil sector and discourages investment. Which in turn results in higher oil prices. What makes me happy as an investor. The only question is whether you also want this. The