@jleqc and DS touch on $PNE earnings. A shout-out to @philoinvestor's Space last week on Petrobras -- nice to have a bull case and a bear case discussed.
Ecopetrol and Petrobras have been in freefall since going ex-dividend.
17:00 $CEIX earnings discussed (75% of FCF will be going back to shareholders). @WhiteTundraSG joins.Shubham discusses the oil situation right now, the paper market and the real market. "Nothing on the physical side has changed."
00:32:00 @WheatPro joins and discusses his short-term bearish case for oil. Wheat says that a cut in production could still mean oil price drops if demand keeps dropping. Wheat thinks that staples (Lay's potato chips) are a safer haven.
00:48:00 @sohaibab9 discusses crude draws with Shubham. J: It will take large, surprise draws to shock things? Shubham: We are in a stage of the cycle where earnings and EIA reports won't matter as much.
What would it take for Shubham's thesis to change?
1:15:00 @RealPeterLinder joins. In this price environment, Peter likes quality dividend payers (e.g. $TOU, $CNQ, AHEM ... $WCP), not the juniors.
@trentkelp on the other side of the deepwater drillers discussion. Jeffrey asks if the bottom might be in.
1:29:00 @rogerthat2023: When do the physical and paper markets finally mesh?
@IlliniProgrammr shares his thoughts. @WillSun_1 @MonetiveWealth
and @Renniestein3 join.
1:54:00 @Josh_Young_1
joins and discusses Russian oil. ... SLB 0.00%↑ is still operating in the country. Josh discusses Russia's decision to not cut production, which would support higher prices. Peter starts a discussion on the sanctions.
2:17:00 Will asks Josh about $VTLE.
2:29:00 @InvestInOnG is looking at transportation rates (OTR and shipping).
2:42:30 Josh and Illini discuss $RZE. @oilandgasrebel joins to provide his perspective on Razor Energy's situation and where it's headed. @TheFreeCashFlow @MasBest2point0 join to ask questions.
High-Energy Tuesday