Thanks to
@mfwarder
for spending his Tuesday evening with
@jleqc
and
@InvestInOnG
talking Q4 results and his 2024 outlook. To listen to the Space on your podcast app:
If I could follow only 10 people on Twitter,
@WhiteTundraSG
would be one of those 10. Shubham has updated his price targets for the
#COM
stocks he is tracking. Click the link, and be amazed at the free information he provides to energy investors.
I'm tracking a cut of 1.65M barrels/day for rest of year starting next month? Is that right?
SA: 500K
UAE: 144K
ALG: 48K
OMAN: 40K
KUWAIT: 128K
KAZ: 78K
Iraq: 211K
Russia: 500K
Oil companies brought in $200 billion in profit last year. Yet the prices at the pump and on our utility bills remain high.
“That, ladies and gentleman, is what we call the oil cartel.”
For those wondering if $VET has hedged to capture some of that crazy European pricing, see below for Q1 '24 hedges added for NBP, and TTF hedges ranging from €74.66-€84.99 (~$510 USD/BOE in Q4 '23).
#COM
@sciam
More like
@scam
. Used to read you as a teenager (Dad subscribed). Would never dream of reading your tripe today. You're not Galileo, you're the church of Greta.
In Q4 '21, when WTI averaged $77.15, Suncor announced $1.78B in FCF. If investors valued $SU the way they value $TSLA, a Suncor share would be worth $1,697.87.
To my dividend brothers and sisters, please take a look at a little gem misnamed Tourmaline Oil ($TOU or $TRMLF in U.S.). Looking at strip pricing, I have them paying an additional $9.67 CAD in divvies this year, which works out to a 14.5% yield.
@WhiteTundraSG
is brilliant, hard-working and shares knowledge freely. He is the prime reason we are the most educated retail investors in energy -- or any other sector. Must listen to this Space several times to absorb it all.
#COM
@zhanginu
has kindly offered to come on a future High-Energy Tuesday to discuss New Hope Coal ($NHC / $NHPEF). To whet our appetites, check out his discussion of a company poised to out-FCF $WHC !
#CoalTwitter
#COM
Ladies and Gentlemen of
#COM
, please mark 30-AUG on your calendar: $RZE CEO
@oilandgasrebel
will be our special guest, discussing Razor Energy's Q2 earnings and taking questions.
Thanks in advance to Doug for taking time out of his schedule to meet with us.
We will be graced by the presence of
@jenstilmanydots
on the next High-Energy Tuesday. Jenny will be discussing the copper thesis and perhaps will have some ideas on producers. See y'all next week!
Big shout-out to
@garquake
, my second Canadian energy follow after
@ericnuttall
. Thank you for generously sharing knowledge. If I didn't follow you last fall, I'm probably not a part of
#COM
and not likely hosting great guests such as
@Prairieboydave
.
If wanted to know what royalty company is all about-check out chat with
@Prairieboydave
of Free Hold Royalties
These
#com
spaces are something else to get CEOs- info no where else-listened thru workout today- BTW these guys pay a friggen dividend 7.883% 😲
#com
#oott
$fru.to
$VET had FCF of $115 million ($0.70/basic share), including the full year impact of the European Windfall Tax. Without the impact of the EWT, FCF would have been $338 million ($2.07/basic share).
You might find yourself lamenting the cost of energy. What can you do about it? Invest in fossil-fuel stocks. Despite what the ESG crowd claims, fossil fuels are going nowhere for decades.
Have some $ to put to work? Using
@WhiteTundraSG
's price target sheet, here are some companies to look at (potential upside at $100 WTI/share price below 52W high):
VET 428% upside/share price 18% below 52W high
GTE 302%/31%
MEG 183%/24%
TVE 169%/23%
Thanks to all who attended yesterday, especially
@energyburrito
for his uranium elevator pitch and suggesting two ways to play! Look for a timeline running down the show's topics in the replies.
Alex is a legend among small-cap energy CEOs. He Tweets his company's acquisition, then hops on stage to field questions for an hour+. Not all questions were fair or intelligent, but he didn't bat an eyelash and took on all comers. Thank you, Alex!
#COM
In my newsroom days, when someone announced a story akin to this, an ink-stained editor would respond, "Here's 25 cents. Go call someone who gives a shit."
@MattWalshBlog
"Do They Know It's Christmas" is a pastiche of poop. It excretes the worst of the '80s on the world's doorstep; sets it aflame; and rings the bell.
After today's move, my top holdings (in order): VET, TOU, CNQ, SGY, MEG, SDE, PNE, CVE, CEIX, OBE, ARCH.
I plan on holding CNQ until my children inherit it -- my ghost will haunt them if they try to sell.
9/n
Oil industry should start selling at cost when every other Western company sells products at cost. Wife excited to see cost of non-profit Hermès scarfs.
French President Macron said that France will ask the
#Oil
industry to sell fuels at cost. German state-owned trader SEFE is about to start purchasing Russian LNG cargos again this winter. Do you see the pattern here? We are likely facing
#Energy
Crisis 2.0
#oilandgas
#Velsig
@EvanMcMullin
@MaxBoot
National Review, which published an anti-Trump issue and employs David French, is now Trumpist? Seek help. Your mother and I are both embarrassed we voted for you.
Twitter
#COM
/
#CoalTwitter
team, I must apologize. Have to reschedule
@zhanginu
and $NHC discussion because of Hurricane Ian. Stay safe, and hope you see you soon!
@WhiteTundraSG
Brother Shubham, thank you for the $ARX pep talk on Tuesday! Bought a little more during yesterday's dip, and it appears to be one of today's biggest winners.
ESG idiots who own 0.03% of Conoco are threatening to sell unless the company stops acquiring undervalued Canadian assets. I own 0.05% of $CSO, should I divest if they don't buy me a pony?
@InvestInOnG
@adamfrank79
@DividendGrowth
You've given me New Hope, Deep. My wife's favorite gem is Tourmaline. She would like a home in Devon. She's not a Canadian Natural, but I Consol her with this Arch thought: The Cardinal finds the best Berry by the Pine Cliff.
🚨BREAKING:
@LATreasury
announced in a letter to BlackRock CEO Larry Fink that
Louisiana will divest ALL Treasury funds from BlackRock, totaling $794M to be removed by year’s end.
This the LARGEST divestment from BlackRock by any state.
Here's our statement🧵:
@topleasebandito
@EnergyCynic
Energy spaces are actually very good. They feature people who are in the industry, who can talk the talk, plus analysts, and ordinary folks, as well. All making money off profitable companies. CEOs come and speak sometimes, and we have experts from around the globe.
Merry Christmas and Happy Holidays to all!
Traveling for the next few days with limited Internet (can u heer mee,
@jleqc
?!), hoping one of the greats will record an epic Space next week so I can listen to upon my return.
@SGY_ENERGY
Pure fire from the Surge team in their space with
@WhiteTundraSG
. Conviction, confidence, knowledge, passion, a will to make money. Energy CEOs -- investors are active on Twitter. Spend time with us; communicate your value clearly, then ...
That day is almost here!
@zhanginu
will talk New Hope ($NHC) and Aussie coal Tuesday evening (Wed morn in Oz). Join us and help fuel the conversation!
#COM
#CoalTwitter
@IBB_INVEST
@DoombergT
If an idiot leaves Ottawa on a southbound jet traveling at 650km/hr, and a low-IQ dementia patient leaves Washington on a northbound jet at 700km/hr, approximately how many minutes elapse before North America is fucked?
Wishing a Happy Father's Day to all the dads out there. Every day is Father's Day for me, because my daughters are successful, productive and happy young women.
H/T:
@WhiteTundraSG
for helping build conviction, then repeatedly reinforcing with facts that gave me confidence to take a full position in $VET since last summer.
When the market opened this morning, and ERF ripped up 8%, while CNQ was up 2%, I said enough of this. It's a taxable event, but I sold all my ERF and plowed it into CNQ.
5/n
BREAKING NEWS: A member of the
#COM
has just been voted director into a publicly traded Canadian E&P,
@BubleQe
said it best, we are not here to take part … we are here to take profits !!!
"With profit taxes at 75% and the opposition calling for higher rates, firms are deserting the North Sea. Harbour Energy plans to shed 1/3 of it's staff." Bullish? You decide.
Join
@InvestInOnG
and the gang, as we talk $BTU with special guest
@8750Capital
, plus all the usual energy/commodity stuff we all love! See you tomorrow.
BREAKING BBC News:
Cardiologist says likely contributory factor to excess cardiovascular deaths is covid mRNA vaccine and roll out should be suspended pending an inquiry.
We did it. We broke mainstream broadcast media 🔥🔥🔥
That day is almost here!
@zhanginu
will talk New Hope ($NHC) and Aussie coal Tuesday evening (Wed morn in Oz). Join us and help fuel the conversation!
#COM
#CoalTwitter
@HashtagGriswold
As the first brown kid to shoplift a KitKat from my Ypsilanti 7-Eleven, I was regarded as a thief by some, and the creator of chocolate-wafer-liberation theory by others.
@willrayvalentin
$cnq was a $6 stock recently. The problem with oil isn’t the cash flows. Or technology.
It is the investor base. There is none.
Once the 2-3x leveraged ETFs start selling, everything drops 90%. When $KYN liquidated, pipelines were down 98%. 🤷♂️
The key is the sharing that is elemental to our community. You gents discuss your thoughts/throw out ideas, then others on stage kick the tires. Just ego-free, honest attempts to help everyone be better informed.
@YellowLabLife
Koala, you are one of the best follows on Twitter because of your humility; your courage in holding to your convictions; and your willingness to share your wisdom. Congratulations on 2022. Wishing you many, many more years of success.
Dude pretending to be a supermodel has been mindlessly pushing stocks since I've been part of
#COM
. Keeps attacking anyone and everyone. Petropronouns, I'm muting you. Take some medication, get a new handle and come back when you can be an adult.
The derailment of a train carrying toxic chemicals linked to cancer has raised concerns in the US of long-term health risks for the residents of East Palestine, Ohio ⤵️
In my house at Christmas, we divide everyone into two groups: Those celebrating the cold and flu season, and those who recently finished celebrating. Hope all your Nyquil-induced stuporific dreams came true today!
@ValueNotDeadYet
@ElliotDodson
@z_or_zee
Tired of all the pro bros telling energy investors, especially
#COM
investors, that oil stinks/is going to plummet. If you believe that, short energy, and show us the receipts. I'll hire these folks to peel my grapes.
A lot more comfortable with Vermilion's hedgebook after taking a look at what the company has hedged and at what prices.
NBP's worst hedging is a 50% premium to Henry Hub strip, and rises to $222 BOE (Q1 23).
TTF $234 (Q3 '22) up to $327 (Q1 24).
Thanks for this public-service announcement, MT. I ended up dumping my $VET and plowing the funds into $WHC, $CEIX, $AMR, and loads of $BTU. The FCF in these companies is extremely high, and they might be less exposed to extreme taxation.
Nice nug from $MEG earnings: US$100.42/BBL realized average sales price vs. US$83.55 in Q1. MEG sold 79% of production at the U.S. Gulf Coast compared to 58% in Q1. With H2 production expected to match/exceed Q1 (101K), imagine the FCF. ...
$BP CEO Bernard Looney just resigned,
The board and company stated he "Was not fully transparent about personal relationships, based on anonymous information"
He is stepping down, effective immediately.
#oilcrisis
#bp
#ceostepsdown