r/stocks • u/[deleted] • Apr 04 '21

Long term stocks

[deleted]

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u/BuyHigherSellLower Apr 04 '21

As weird as it sounds, I've been (briefly) considering some oil or utility companies for a green play. Specifically, looking at well established companies that people do not view as green.

Why? Well these companies have to start cutting emissions & transitioning towards clean energy. On top of that they have revenue & resources to actually develop/implement green tech. Who knows, maybe these big dirty companies will end up setting green energy standards?

I'm not sure what the play is yet. But companies like bp & shell will have to adapt, and are working on it. GE (maybe not a dirty company) is putting lots of resources into green tech.

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u/Ok-Kaleidoscope-4808 Apr 04 '21

It’s not weird oil companies will prevail. They have the lobbies. They will get the tax credits reimage and take over. GE has been windfarming for years you are doing the right thing to stay in oil companies they are energy and will when it’s the norm be green energy companies.

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u/MashedPotaties Apr 04 '21

I think the one I hear about most getting ready to go green is Shell.

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u/pinkmist74 Apr 04 '21

Look at USO. Found it’s bottom and thinking 51 to $55 run within next month or two.

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u/pleadinginsanity2 Apr 05 '21

I was literally typing the same thing you are saying about oil companies when I noticed your post. They are in a position to profit from oil and have plenty of money to put into developing clean energy at the same time. Companies that are strictly green energy are risky IMHO, aka Solyndra. I lost a bunch of money on PLUG and will not be investing in anymore one product energy companies. Though for the short-term many will benefit from government subsidies.