In [an earlier white paper], we noted that based on fundamentals, Energy and Tech looked surprisingly similar. We’ve updated the chart below and admit, tech has pulled ahead a bit. We discussed the potential risks from inflated Tech sales and profits due to vendor financing in Everything AI, a problem that simply can’t exist in
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URANIUM GOING PARABOLIC as prices surges above 100 for the first time since 2007 and reaches its most overbought level in history.
It’s hard to think of a worse environmental scandal in recent years than Volkswagen’s 2015 diesel-emissions cheating. The German automaker was rightly pursued by regulators, enforcement agencies and class-action lawyers. The scandal ended up costing Volkswagen an estimated $33 billion in fines and financial settlements—and revealed that diesel-emissions cheating was endemic. In 2020 Daimler AG
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In the early 2010s, US shale players were producing oil like crazy, with no concerns about profitability. Then the legs were kicked out from the industry, causing a massive bust, and massive oversupply. In 2021 and 2022, it looked like a very different story. Oil prices were surging and it seemed as though US players
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North American natural gas is the cheapest energy molecule on the planet by as much as 75%. Over the next twelve months, we believe this discount could close entirely, boosting US gas prices as much as four-fold. As we go to print, Henry Hub gas costs $3.00 per mcf while European and Asian gas is
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Last week, Warren Buffett bought 3.92 million more shares of Occidental Petroleum at prices above $60 per share. But that’s not the only thing we learned from that October 25 filing. OXY has now redeemed over 15% of the preferred shares that Berkshire received in 2019 as part of the Anadarko deal. Back in August,
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Fun theoretical exercise I’m currently working on for the @fortisanalysis side of things: U.S. refineries (total) only store about 40 million gallons of military-grade jet fuel at any given time, or about 36,400 flight hours for an F/A-18E/F Super Hornet launched from an aircraft carrier. For 40 x -18’s per carrier, this is about 910
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Let’s hope the U.S. economy is truly slowing down – particularly manufacturing – and that the winter is mild. U.S. stocks of distillate fuel (diesel and heating oil) are ending the fall season at their lowest **seasonal** level in data since 1982 | #OOTT
U-R-A-N-I-U-M: The roadmap laid out three years ago, at the breakout, continues to be followed. There’s no reason to change the plan #Commodities #gold #Silver #Uranium
