This “Woke” Oil Stock Pays a 9% Dividend

Oil and gas producers really haven’t been able to replace... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy This “Woke” Oil Stock Pays a 9% Dividend Jeff Siegel | Mar 01, 2024 I’m still trying to figure out what “woke” means. To some, attempting to integrate environmental protections into the daily operations of an oil company, is in fact considered woke. And you know what they say... Go woke, go broke. Only in this case, nothing could be further from the truth. A “Green” Oil & Gas Stock with a 9% Dividend To be honest, I always thought that calling a company “woke” because it doesn’t want to treat the planet like a toilet is, for lack of a better word, stupid. Particularly if that company delivers for shareholders.  Such is the case with Civitas Resources (NYSE: CIVI). If you’re unfamiliar, Civitas Resources is a domestic oil and gas producer based in Colorado. It’s also on track to become the state’s first carbon-neutral oil and gas producer by the end of this year. Goldman Sachs: AI a "$7 Trillion Opportunity" Banking giant Goldman Sachs just said... That the artificial intelligence (AI) market could be worth $7 trillion in just a few years. And one former Wall Street analysts predicts it could hand you 5,300% profits — thanks to one little-known stock. That’s because this tiny firm holds over 200 patents on an AI breakthrough... One that will be in 70% of cars, 80% of hospitals, and 94% of corporations. To discover the details... [Simply click here.]( One of the ways it does this is through the reduction of its own emissions by utilizing a suite of best practices that include... - Using grid electricity for drilling, compression and production facilities where feasible - Retrofitting legacy facilities and pneumatic devices - Utilizing tankless or closed-loop production facilities - And plugging inactive or legacy vertical wells Now have these measures negatively impacted the value of the stock at all? Not even a little bit. In fact, the company announced Q4 earnings this week and reported revenue of $1.13 billion. This is a 38.4% increase over the Q4, 2023. The stock popped about 7% on the news.  I should also add that Civitas pays a very generous 9% dividend. In terms of a long-term play on domestic oil & gas production, Civitas is no slouch. Particularly when you consider its assets are along the Denver-Julesburg (DJ), Delaware and Midland Basins. These are three of the highest producing, lowest breakeven basins in the United States. Given Civitas’ current balance sheet and assets, I believe it’s in an excellent position to thrive as we continue to see consolidation in the Permian region. And let’s face it: those who pull the puppet strings and hold all the cards won’t allow oil prices to stay at these levels much longer, anyway. Indeed, global oil demand is expected to ease a bit this year behind the backdrop of rising oil supplies that have kept a lid on prices, but in the coming years we will be dealing with undersupply issues. The Deathblow to Chinese Lithium An Oregon State University Geologist just exposed a $1.5 trillion lithium volcano... And every single ounce of this world record-breaking deposit is right here in America... Now you can own a piece of it by claiming a stake in the mining firm preparing to pull all that lithium out of the ground. [Get the full details here before every major media outlet is all over this story.]( Truth is, oil and gas producers really haven’t been able to replace that which is being produced today. In fact, Occidental Petroleum’s CEO Vicki Hollub recently noted that over the past ten years, the world has replaced less than half of the oil that was produced, saying... All the big fields have been found. So, if you take the 20 largest fields in the world, 97% of the volume from those was discovered before 2000. So we're in a situation now where in a couple years' time, we're going to be very short on supply. I should also point out that while OPEC tried to balance the markets with production cuts, it really didn't amount to much, mostly because of all the production we have here in the U.S. And that tells me they’re going to cut again. Because despite brushing it off as “ploy driven by market speculators,” everyone knows it's far more than that. Point is: long term, oil prices are going to inch back up to $100 a barrel, and I want to make sure you can get in on some of that action. But I’m not just talking about Civitas. Although that is one of my favorite plays for 2024. Truth is, there’s actually a handful of oil & gas stocks that are primed for a big run this year. In fact, our in-house oil & gas guru Keith Kohl, just released his [latest investment note on his top oil & gas picks for 2024.]( If you’re unfamiliar, Keith is the guy who helped investors like you land a 450% gain on Gran Tierra Energy (NYSE: GTE), a 540% on DiamondBack Energy (NASDAQ: FANG), and a 1,378% on Valero Energy (NYSE: VLO). When it comes to picking winners in the oil & gas space, no one does it better than Keith. And if you don’t believe it, just [look at his track record for yourself.]( Bottom line: oil prices are going to creep back up to $100/barrel again. And if you want to wet your beak on that action, I highly recommend you [check out Keith’s top oil & gas picks here.]( To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's [page](. [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).