00:01:30 No singing during @jleqc Genesis jogging poetry corner.
00:06:00 What companies were rising? $VET, $CVE. Playing out the way we thought it would.
@InvestInOnG thinks the midcaps moving was a good sign.
00:11:30 What is the problem we’re all about to experience?
$TVE makes a move, was Deep along for the ride? (All sighs point to "NO.")
00:17:00 @joemama48072123 congratulates #COM. He notes that volumes have gone up 2-4X. Joe suggests taking small slices of big winners and setting aside to use during dips or other special situations.
00:22:30 @AhmedBa44329064 Ponders if gas is running up a bit too high. What hedging is #COM doing right now.
00:27:30 @WarrenFine takes the stage, utters portfolio heresy. Shout-out to @garquake. Thanks to Warren for his #COM work on Facebook. recommends “The Psychology of Money.”
00:34:00 Warren’s dad cleaned up on BMO in 2008-2009. The parallels between the banks back then, and #COM stocks right now? … JPM and Goldman calling for ~$140 WTI. Volumes going up.
00:38:00 @DSteinmoeller with huge news. Dave discusses a framework about reducing exposure. @BurggrabenH should be announcing at Westminster!
Alexander opens a discussion on the diesel problem that is heading to Europe. “There is a massive imbalance.” German-speaking media discussing food and energy crisis.
00:49:00 Europeans are not investing in energy companies. Europe is filthy rich, and they aren't feeling pain yet. We are not in the crisis yet.
OPEC’s decline rates in certain countries are very high.
00:56:30 The recession must be very deep for energy to be hit hard. @jamesyachyshen opens a discussion of oil/gas vs. nuclear.
01:03:00 Windfall taxes a threat to #COM? @NaifAldandeni discusses OPEC/OPEC+ capacity issues in detail.
01:15:00 @Renniestein3 asks about Serica Energy. Could it have negative enterprise value because it has more cash on hand than its market cap? Alex thinks that the windfall tax will be a minor issue if North Eigg is a success.
01:28:00
Naif says there will be higher demand in Q3 (driving and air travel) which will continue to be a drain on spare capacity.
01:45:00 @AssetTraveller, Alexander and Naif discuss OPEC’s goals with its production targets.
@BurggrabenH correctly points the finger at large US institutional investment houses as being a big part of the problem. Naif notes that OPEC+ discusses supply, never price.
Naif also notes that U.S. energy companies are focused on FCF and shareholder returns, not maximizing production.
2:13:00 Will NG prices around the globe normalize? Should that be converge? Swiss English = Best English. … The Tourmaline pumping will continue until Mike Rose pays up bigtime.
2:19:30 Ian asks about $TAL.
Asset asks about foreign countries buying out #COM companies.
2:34:30 Alex would move to Canada if Europe is endangered. DS shows a retaliatory preference for Belgian chocolate and frites over Swiss chocolate and Gruyere.
2:41:30 @KNLCBD DMs that he doesn't think something MEG sized can be gobbled up by a foreign entity.
Alex asks #COM about its favorite stocks.
$SU run through the wringer. @lyearwood87 takes a break from beating up Mark Little, just to be fair.
The answer is probably MEG. 2:47:00 A brief discussion of SIB, prompted by labradoodle rescue society hero @BubleQe. QE took time away from his charitable work to edify DS.
@Why does @AssetTraveller not have MEG or TOU?
2:58:30 @BullishOnHoney identifies a firm that just completed a Substantial Issuer Bid.
@rockcreekfreak discusses IPCO's SIB. Sadly, no Lundin family members flew in from Switzerland to Freak Manor to provide guidance.
3:12:00 @SHOPGod2 joins and we peacefully tube down his river of consciousness.
3:26:00 @energyburrito on uranium, reiterates the currency advantage of #COM stocks, and looks forward to the next 2Qs and how investors will be paid.
3:51:30 Burrito on what could happen if managers go to market weight in energy. If the top is 30% FCF, this is the weirdest top in history.
4:00:00 @stevehouf joins the stage. If we go into stagflation, there could be repeated energy sell-offs, which might provide entry points.
4:22:30 @Zeal1203 wonders what is the price at which new SAGD comes online?
4:37:00 @datarade, @ReserveList discuss energy usage, fuel cells. @MiserMcMiserson talks the backlog in engineering services to design projects for energy companies.
4:54:00 @WhiteTundraSG (welcome back, Shubham!) $150-$200 oil to add projects 5-7 years down the road? Discussion of refining, crack spreads.
5:07:30 Bottleneck because of refining has made Shubham’s life easier.
5:12:30 @seppo_korpela discusses Saudi capacity and how to use proxies to determine status of their fields.
5:19:00 @mfwarder discusses social-capital-inclusive break-even cost for Saudi and OPEC nations.
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High-Energy Tuesday