Ukraine has started launching attacks inside Russian territory. This likely means there’s a high chance they will target Russia’s oil infrastructure next. If that happens, it could affect global oil supply and prices. So i say, RM1.88 in 6 months time.

布伦特油价涨到六五点七美巾一桶，连涨两天。因为供给可能紧，还要关税问题少了。美国法院说特朗普没权利加全琦关税，要取消。政府会申诉，但这样让贸易问题不那么乱，大家对油价和需求看好。

欧佩克+开会决定保持产量不变，说明他们要控制供给。美国还禁止雪佛龙出口委内瑞拉油，雪佛龙也准备裁员，说明油企还在调整。

This stock has zero institutional support. Many big funds and retailers got burned during Trump’s first term, when Brent crude dropped below zero. Since then, most funds have chosen to avoid this stock.

On top of that, the rise of ESG investing has led many to view the oil industry as a sunset sector, dirty and unsustainable, so funds continue to steer clear (Which is Stupid). And now, with Trump pulling the U.S. out of the Paris Agreement again, that O&G trend may strengthen.

Of course, upstream O&G financial reports are very hard to read. On top of that, exposure to foreign accounting standards makes accurate forecasting difficult or more time-consuming. That’s why most analysts choose to avoid covering such complex stocks.

The reason I’m buying is because the company has started paying dividends. In the past, no matter how much they earned, they reinvested everything into growth until the oil crash hit, leading to massive share price losses. I hope the management now slows down major expansion, focuses on being generous with dividends, and shifts toward a shareholder-oriented approach.

To the management: if you cut the dividend, I will exit completely.