The Importance of a Strong Balance Sheet

The companies that won't survive the energy transition are those that don't take advantage of the good years and have a strong balance sheet. Exxon mobile can have big plans and do it itself, not need to go around basically begging investors for cash. The stock has gone it's been on a parabolic run if you look at the chart and it's rolled over in the last year. So now kind of seems like the bears are in charge we'll just have to see what happens.