중질유 정제 능력 있는 기업에 장기 투자해볼까? 🛢️

oil too cheap, refinary profit margin tiny..

You say you are not into stock picking and you prefer ETFs

But then when you decide to pick a stock you decide to pick a stock from the absolute most complicated and hard to understand sector possible.

If you want to do individual stock picking - I recommend to go with tech or retail/cyclical or if you want something related to energy go with an electron company or a utility company or even AI data center build out

But the hardest thing you can possibly do is predict both when oil companies are going to do well and also predict which oil company is going to do well in that sector.

if you get one wrong and you get the other one right you still lose money


and even if you pick a good time to get into the sector and you pick the right company well

OPEC could always increase production and your stock still tanks!! or the president can always release more oil from the strategic oil reserves and your stock tanks - it's too hard!

So... I don't touch oil companies, cuz I don't understand.... it's too hard to get the stars to align just perfectly

Venezuela increases US supply which means lower prices.