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A comment on Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’. Parent comment

Re:Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the ... by anigbrowl on Sunday November 19, 2017 @03:48PM (#15735858)
Strongly disagree. Markets are not rational and changes in portfolio allocation by sovereign wealth funds are likely to have a ripple effect no matter what the stated reason. If it pans out, that means fossil fuel stocks become de facto optional rather than mandatory.
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Re:Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the ... by gozur88 on Monday November 20, 2017 @03:28PM (#15742939)
No, assuming the fundamentals haven't changed oil stocks become a good investment for other entities until the price is back to where it was (assuming it's negatively affected at all).

Oil may or may not have a bright near to mid term financial future, but Norway's move is either virtue signaling at the national level or diversification of a portfolio that's too heavily invested in that sector. In itself it won't change the oil market one iota.

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Re:Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the ... by valuearb on Sunday November 19, 2017 @11:59PM (#15737903)
$35B divestment out of trillions in oil businesses market caps is a rounding errror.
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