Thread by @MylesMcNulty

It brings me great joy that alternative energy is obliterating O&G stocks, performance-wise (at least in the UK micro-cap space in which I operate).

My key holding in the sector (and 2nd largest in my entire PF) is #SAE @simecatlantis at 11p average. But it's brilliant... 1/4

https://twitter.com/MylesMcNulty/status/1275700580464439297

...to see the likes of #ITM #AFC #PHE #EQT achieving dizzying valuations.

The more that retail buys O&G on the open market, the greater the valuations these Cos can maintain, and thus the easier it is for them to raise capital.

My belief (or rather, hope!) is that retail...2/4

...will continue to shift into alt. energy (including associated infrastructure, partic. battery metals), thus starving micro-cap oilies of capital. This in turn will reduce the pool of discoveries that majors draw on to replenish their own reserves (besides in-house expl.)… 3/4

...and ultimately facilitate the global transition to green / alt. energy.

Investors may think they make no difference punting in penny oilies - but in reality it can make ALL the difference.

Of course, this thread is only pertinent to those who 'believe' in global warming! 4/4

N.B. it took me a long time to break away from O&G trades / investments. There are some incredibly undervalued UK micro-caps out there that I'd be all over if I hadn't made the decision to stop altogether. #RRE was my last O&G position (sold ~4 months ago) - still absurdly cheap!