Similarly Chevron agreed to acquire Hess for $53 billion.

O'Hara sees opportunity in energy because "big energy companies who have all this excess free cash flow start to do things to move towards greener energy. I think Exxon just bought the largest lithium field in the United States. So that's a sign that they're going to take some of these excess profits now and perhaps increase CapEx, but not increase CapEx in the old way."