00:01:30 @jleqc and DS discuss a recent poll on the Houston Refinery. ... Selling in/out of positions. ... What if we went back in time to 2020? Some companies look great in retrospect. Some have done little. Having a basket is more realistic than picking THE WINNER (e.g. AMR).
J talks about his 2020 investing and how his portfolio is set up.
00:12:30 @jim_duffus discusses CVE, Remy and the Jays opener. @joemama48072123 notes $ENCC (TSX) an energy income fund. ... Wait, what? Duff has been buying?!
00:23:00 @DSteinmoeller and @InvestInOnG join. Dave is also an $ENCC holder. Deep tells @ezloveones to ensure his stomach is steeled if he's investing in oil. Joe discusses resources to learn more about the market. ... Dave talks $PBR.A.
00:32:00 Deep is bullish Brazil overall. $EWZ is worth looking at and $FLBR is an alternative.
00:50:00 The conversation switches to natural gas.
00:53:00 Glencore's attempt to take out $TECK, with Lassonde throwing us a curve. In praise of @BubleQe. ...
1:11:00 LNG expansion in North America and storage. ... @TheFreeCashFlow and J discuss copper.
1:24:00 @AhmedBa44329064(!) returns to add to the copper conversation. H/T:
@jenstilmanydots for $IVN. Ahmed discusses NG. Damien discusses @sohaibab9's recent interview with @PhilHodgePNE
1:42:00 @rogerthat2023 asks what catalysts could get us to $90 WTI?
@IlliniProgrammr corrects the world (ILL-EYE-NYE). ... 1:58:00 Sohaib: $100 WTI by year-end; Illini: $90 by summer.
2:07:00 @GasBuddyGuy joins! Patrick juxtaposes last summer's strong demand despite high prices vs. what he is seeing right now.
@JoeBeattie11 riffs with Patrick on demand. Patrick notes that distillate/diesel data is harder to tease out vs. gasoline data, which Gas Buddy tracks better than anyone.
2:25:00 Joe and Patrick discuss aviation fuel. Patrick notes that Boeing's woes are hurting the airlines. Deep and Patrick discuss OTR problems. @ReserveList asks about New York Harbor distillate.
2:43:00 Where will diesel come from in the future? Kevin O'Leary's plan to fund a $14B refinery. Is this easy? Patrick points to Dangote. A longer discussion on refining.
3:03:00 Why Canadian heavy oil becomes more valuable.
3:10:00 @SheDrills discusses her recent appearance with @trader_ferg and her outlook for oil prices. Christine, Ferg, @hkuppy, @agnostoxxx and @Josh_Young_1 were all recently on the Value Hive podcast.
Christine discusses offshore and OFS names that she is interested in, and her thesis for $FEC. ... Bruce notes two ETFs whose holdings are a good starting point for researching offshore OFS.
High-Energy Tuesday