In my Buy or Bye? series, I take a popular stock, strip away all the hype, and let you know whether you should buy now, buy later or buy never.
As Russia’s invasion of Ukraine dominates headlines, the global stock market’s reaction has been surprisingly muted.
However, one sector is making noise in these uncertain times: crude oil.
Today’s video focuses on a behemoth in the oil and gas sector that – after a gut-wrenching 2020 – hit it big in the fourth quarter of 2021.
The company made its largest quarterly profit in seven years, at $8.87 billion, and generated $48 billion in cash flow from operating activities.
This headline from CNBC says it all…
Yet as environmental, social and governance (ESG) investing remains on trend, a growing number of investors are blacklisting the company.
And it’s no secret that a company can’t thrive without investors.
That’s why it’s troubling that some high-profile Ivy League schools are no longer allowing their endowments to be invested in certain companies within the oil and gas sector.
The committee responsible for guaranteeing that Yale’s allocations follow social and political standards deemed this energy giant ineligible.
Yale Daily News reported the committee’s decision last month…
The question remains: Is it time to put this oil behemoth to rest… or is it the perfect time to fuel up your portfolio?
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