Dan, in light of the recent shareholder actions against Schell, ExxonMobil and Chevron, how ho you think this will affect the short and medium term picture for the oil majors and the Sweet 16?
Are these actions primarily targeted at the majors?
Will this make the Sweet 16 more attractive?
Thanks
Kevin
Shareholder Climate Actions
Re: Shareholder Climate Actions
Sell the majors and buy the Sweet 16.
Activists will go after the high profile companies.
Activists will go after the high profile companies.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Shareholder Climate Actions
Imho, its a scam. New funds promote how woke they are. Institutions want to invest with woke
XOM was down after woke vote so shareholders while every other oily EP was up 2-6 % that day, so shareholders voted in directors that want to change XOM to a hamburger restaurant and the stock underperformed by 5 % on one day.
Main objective is to garner more "woke" institutional money for higher fees.
There is a movement underway right now to not to invest in energy and they are trying to get the banks to cut back lending
How are airplanes going to fly without oil? Nutty
XOM was down after woke vote so shareholders while every other oily EP was up 2-6 % that day, so shareholders voted in directors that want to change XOM to a hamburger restaurant and the stock underperformed by 5 % on one day.
Main objective is to garner more "woke" institutional money for higher fees.
There is a movement underway right now to not to invest in energy and they are trying to get the banks to cut back lending
How are airplanes going to fly without oil? Nutty