Key insights
- The post speculates that a potential closure of the Strait of Hormuz and subsequent oil shock could drive investment into clean energy stocks, particularly Brookfield Renewable Partners. The author anticipates a price increase for such stocks. However, this is based on a hypothetical scenario and limited understanding of market dynamics, making the US market influence weakly bullish.
Because of the Strait of Hormuz being closed and the impending oil shock, I was thinking about buying stocks in Clean Energy. However, I know nothing about stocks or the stability of Clean Energy in the market. I figure a lot of people and governments will be switching what they can, and this will increase the stock price of Clean Energy. Since the oil crisis won't be an easy fix and will take a while to resolve, I figure the prices would remain either stable or skyrocket. Brookfield Renewable Partners is current trending upward and I want to buy before they get even higher. I am assuming they'll be at $50 a share by the end of April or May depending on how long the conflict continues.
I got a C in macroeconomics in college, though, so wtf do I know about anything. I failed almost every test but the final lol
Please advise or point me in the direction of helpful literature.