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High energy price
12 Oct 2021 (482 views)  

I saw this CNN News Alert

News Alert: Gas prices skyrocket

The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic.

Energy demand is back today as the world economy reopens -- but supply simply hasn't kept up. That's why US oil prices have skyrocketed $120 since crashing to negative $40 a barrel in April 2020. US oil prices finished above $80 a barrel on Monday for the first time in nearly seven years.

Crude gained 1.5% to end the day at $80.52. The last time oil closed above $80 was October 31, 2014.


For the past few days, I have invested in energy stocks, such as China Petroleum (0386.HK) and Cosco Shipping Energy (1138.HK).

I also added my investments in the stocks that are involved in green energy - China Suntien (0956.HK) and Dynagreen (1330.HK).

They are China stocks quoted in Hong Kong Stock Exchange. 

These stocks have corrected in price since I bought them, so I am seeing a small loss. However, I expect the prices to recover within the next few weeks. 

I also share this video that explains the energy crisis that looms ahead for this winter. 


Note - I am sharing my experience. Do not treat my views as investment advice. Do you own study before you decide to invest in any stock.


 



High energy price
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I saw this CNN News Alert

News Alert: Gas prices skyrocket

The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic.

Energy demand is back today as the world economy reopens -- but supply simply hasn't kept up. That's why US oil prices have skyrocketed $120 since crashing to negative $40 a barrel in April 2020. US oil prices finished above $80 a barrel on Monday for the first time in nearly seven years.

Crude gained 1.5% to end the day at $80.52. The last time oil closed above $80 was October 31, 2014.


For the past few days, I have invested in energy stocks, such as China Petroleum (0386.HK) and Cosco Shipping Energy (1138.HK).

I also added my investments in the stocks that are involved in green energy - China Suntien (0956.HK) and Dynagreen (1330.HK).

They are China stocks quoted in Hong Kong Stock Exchange. 

These stocks have corrected in price since I bought them, so I am seeing a small loss. However, I expect the prices to recover within the next few weeks. 

I also share this video that explains the energy crisis that looms ahead for this winter. 


Note - I am sharing my experience. Do not treat my views as investment advice. Do you own study before you decide to invest in any stock.