The industry is notoriously fickle, but I don't disagree - if you have a tight market with no obvious release-valve... probably worth looking at dividend and buy-back plans from the big names. Whilst none of this is investment advice, it is an interesting set-up for sure.
Go long drilling since they have a developing, unintentional monopoly/oligopoly? Could be an investment thesis. :)
The industry is notoriously fickle, but I don't disagree - if you have a tight market with no obvious release-valve... probably worth looking at dividend and buy-back plans from the big names. Whilst none of this is investment advice, it is an interesting set-up for sure.
Just have a long time horizon, buy at 20 and hold to 80 y/o lol. If you don't make it on appreciation you make it on dividends. :D