I think PetroChina will lose money this year. In fact, it is inseparable from the previous epidemic. PetroChina’s futures are definitely promising.
First of all, before the epidemic, the price of oil has always been rising. Because the pace of life is faster than before, more and more people are driving.
The more people driving, the more people will refuel, so now you can find gas stations everywhere, whether in the city center or in the suburbs, and some stores have queues to fill up.
Especially now that every home has at least one car, and some even have more than two, it should soon become a household necessity.
But since the epidemic at the end of last year, people have been restricted from going out, so there are fewer people driving and there are definitely fewer people refueling.
In the past, oil was in short supply, and in the first half of the year almost no one refueled, resulting in oil losses.
The entire epidemic does not only affect driving and refueling.
Because no one can go out, many planes and buses that require oil are out of service.
These are all causes of problems, but after the resumption of work, not only for the oil industry, I think everyone is slowly waking up.
So it is only a matter of time before things return to the previous situation.
And now the government is supporting the tourism industry in each region. As long as the epidemic is under control, work, travel, etc. will start to become normal. There is no need to worry about PetroChina not being able to turn losses into profits later, so its futures are definitely worth buying.
Can be bought.
But I think it is best to invest appropriately in futures, whether it is PetroChina or other projects. Especially oil futures, I think it is actually very risky.
After all, although the epidemic is now under control in China, it is actually still a bit serious abroad.
There are too many uncontrollable factors. I think it is better not to invest large amounts of money just because you want to make money in futures.
I think the futures market is still a long-term trend now, and it may go down as well as up, so we still need to be prepared for the long term.