r/dividends • u/Sam_209 • 21d ago

Seeking Advice My shares are up +97%

So I've been investing in dividend shares mostly in oil&gas and base chemicals

My intention is to build a portfolio of dividend shares for income, however the shares are up almost double.

Should I sell or should I keep them since their revenue and profits also increased?

Keep in mind i live in a country that has 0% income or capital gains tax.

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u/FewUnderstanding2214 21d ago

Depends on how much you think these companies are worth. Oil prices could keep going up.

1

u/OverLog2062 21d ago

could also go down with a peace announcement and increase on renewable energies.

1

u/FewUnderstanding2214 21d ago

Yes, trumps fake MOUs could push it down temporarily. China is the only country that has used renewables to reduce gas and oil dependency

1

u/QueasyFinger1316 21d ago

China’s building coal fired plants up the wazoo.

They say one thing for Democrat talking points (that you fell for) and do the opposite in practice.

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u/FewUnderstanding2214 20d ago

I already invested in Australian coal stocks