0:00:00 @jleqc joins. A brief meditation on Memorial Day. J and DS discuss trading positions; using ChatGPT to pull down stock/commodity data and look for correlations.
00:12:00 What are the companies that are most correlated to the price of oil/gas in the last year? Majors? small/mid caps? What about if we look at the last 20 years?
00:28:00 "They hate us!" Everyone leaves the Space, so it's time to reboot.
00:32:00 @HectOracle joins. The gang discusses automating processes to improve trading decisions. Do we need an AI chat group to bring together everyone working with these tools?
00:42:00 @mfwarder joins with sad news. "It still hurts." Matt discusses his recent trip to $AMR HQ with some #mintwit all-stars.
00:52:00 Matt discusses how the bottom of the met coal cycle is manageable. He touches on ARCH and some new EPA regulations that could affect companies with thermal operations in the U.S. ... Buybacks vs. divvies? Should be a B-school case study. Matt moves onto natural gas / LNG, and how policy ominously could cause problems domestically and drive international pricing.
1:03:00 Hector asks about Whitehaven ($WHC/$WHITF). @OneMoreif and Matt share their thoughts. Aussie touches on power-gen issues in Australia that mirror Matt's earlier thoughts. Will Oz rethink policies or risk blackouts/brownouts? Who will buy Daunia? What about Blackwater?
1:15:00 What about New Hope ($NHC/$NHPEF)? Aussie is actually more bullish on oil. Matt talks about he is in cash.
1:23:00 @WhiteTundraSG joins. Shubham questions the idea of being in cash if everything is so cheap. Matt touches on the liquidity of the coal markets vs. the oil markets.
Matt discusses $BTU then goes into detail on the coal markets. Shubham talks about the oil market and its relationship to interest rates. A perfect storm brewing despite all the hits we've suffered?
1:42:00 A happy medium between sitting in cash, being fully invested. Are we going to see a rapid spike in oil price?
1:53:00 Shubham talks about improving the risk/reward profile of his portfolio, I talk about going to Harbor Seafood in Kenner, La. @Josh_Young_1 joins. Sadly, he will not be going to Harbor.
2:06:00 Josh discusses his "boozy" meeting with Jim Cramer, and why I wish I was @jleqc's lawn mower.
2:15:00 Shout-out to @RazorOil and ConocoPhillips' ($COP) recent decision to take full control of Surmont. Josh and DS talk about Suncor ($SU), Surmont and Fort Hills.
2:29:00 Josh discusses some moves he has been making of late and how he has been adapting his trading approach.
2:42:00 Josh talks about his philosophy of not worrying about making back lost money the same way. ... Public oil bears with bullish portfolios?!
2:58:00 @IlliniProgrammr on factors other than supply / demand. Josh discusses shale production and contrasts today with 2018-2019.
High-Energy Monday