Can anyone give me another hint on the Permian oil producer he is referring to? PXD is the competitor with rumored buyout, I'm assuming. Apache, Coterra, Fang, Diamondback? I am invested in PXD, CTRA, And APA. Thanks!
Good list. A smaller cap addition would be PR. In a past Hay mentioned 3 areas in the world that have a long runway for future hydrocarbon production: Permian, Athabasca oil sands, and Suriname (think APA). In a recent newsletter Mauldin mentions how the ESG movement has starved E & P companies of capital and how it will ultimately drive oil prices higher.
Think about this for a moment: would you rather own KO at 23X earnings or a basket of Permian producers at 5-7X earnings?
There are weeks where I can't find the recommended company. The indices are sometimes weak. I'm leaning towards APA, which has already been recommended here.
According to a recent report by Reuters, supermajor oil company Chevron is looking to make an acquisition of another firm in the Permian Basin. The report cites unnamed sources familiar with the matter, who say that Chevron is considering a number of different targets, including Occidental Petroleum, Concho Resources, and Devon Energy.
That is a wild divergence on lumber. Surely has something to do with this what I would say is a structural issue on housing inventory. Weird economic times..
I bought a 20% T-bill in 1980, afraid to buy a 10 yr @15% since with inflation at 14% and rising we worried about hyper-inflation an the Gov ability to stop it. Paul Volker came along and we all know what happened next. Is inflation sticky, is Powell another Volker? who knows but we do know that an indicator that worked in those days is working well now. When the 3-month T-bill yld is more than the SPX earnings yld, stay with bills but reverse to stocks when it reverses. It reverses if stocks drop enough so the EY rises or when the Fed drops rates. Who can resist close to a safe yld close to 6% free of state taxes avoiding the uncertanty of stocks at this time. This indicator is now at 1.43, up from .37 in Feb, a sign that the recent rally may be ending.
First learned of you at Wealthion and really enjoy the information you provide. There are lots of cross-currents right now, but energy seems to be a Biden (no brainer).
I think you're interpreting the graphic in Figure 1 incorrectly. To me, it looks like net purchases of TSLA by individual investors over the last five days is $1.37 billion, not $1.37 trillion as you say. Happy to be corrected.
Can anyone give me another hint on the Permian oil producer he is referring to? PXD is the competitor with rumored buyout, I'm assuming. Apache, Coterra, Fang, Diamondback? I am invested in PXD, CTRA, And APA. Thanks!
Good list. A smaller cap addition would be PR. In a past Hay mentioned 3 areas in the world that have a long runway for future hydrocarbon production: Permian, Athabasca oil sands, and Suriname (think APA). In a recent newsletter Mauldin mentions how the ESG movement has starved E & P companies of capital and how it will ultimately drive oil prices higher.
Think about this for a moment: would you rather own KO at 23X earnings or a basket of Permian producers at 5-7X earnings?
Time to DCA into a basket of these equities.
There are weeks where I can't find the recommended company. The indices are sometimes weak. I'm leaning towards APA, which has already been recommended here.
According to a recent report by Reuters, supermajor oil company Chevron is looking to make an acquisition of another firm in the Permian Basin. The report cites unnamed sources familiar with the matter, who say that Chevron is considering a number of different targets, including Occidental Petroleum, Concho Resources, and Devon Energy.
That is a wild divergence on lumber. Surely has something to do with this what I would say is a structural issue on housing inventory. Weird economic times..
I bought a 20% T-bill in 1980, afraid to buy a 10 yr @15% since with inflation at 14% and rising we worried about hyper-inflation an the Gov ability to stop it. Paul Volker came along and we all know what happened next. Is inflation sticky, is Powell another Volker? who knows but we do know that an indicator that worked in those days is working well now. When the 3-month T-bill yld is more than the SPX earnings yld, stay with bills but reverse to stocks when it reverses. It reverses if stocks drop enough so the EY rises or when the Fed drops rates. Who can resist close to a safe yld close to 6% free of state taxes avoiding the uncertanty of stocks at this time. This indicator is now at 1.43, up from .37 in Feb, a sign that the recent rally may be ending.
First learned of you at Wealthion and really enjoy the information you provide. There are lots of cross-currents right now, but energy seems to be a Biden (no brainer).
I love your write-ups. It's a refreshing change to the typical hype in so many publications. Thank you.
Hi David
I think you're interpreting the graphic in Figure 1 incorrectly. To me, it looks like net purchases of TSLA by individual investors over the last five days is $1.37 billion, not $1.37 trillion as you say. Happy to be corrected.
Otherwise, keep up the good work.
Regards
Jason