00:00:30 @jleqc goes 100% JoeCoin. 00:04:30 @philoinvestor discusses the negativity around $VET suspending its share buybacks. Philo is not a fan of the buybacks. @phi_ci says the energy rally is just getting started. 00:13:00 Philo prefers a fortress balance sheet.
twitter.com/CouldBeMistaken/status/1590828188284104706
@pijoe1212 doesn't think Ireland will let Corrib be further developed. 00:19:00 Phi Capital thinks $VET is primed for a breakout.
Philo likes the fact $VET bought its latest slice of Corrib for 1X earnings. If Corrib has 10 years of reserves, then he's willing to take the risk for that return. A consensus forms that the windfall tax will backfire. 00:30:00 Philo discusses how the tax will be implemented.
The politicians implementing policy can't explain their rationale or the long-term plan. 00:49:30 @JamesHMackay discusses the intent behind the energy crisis, including what he and Phi Capital says are the big risks: central bank digital currencies and digital IDs.
00:58:30 @Benshooter talks about Saudi Aramco and Softbank. Are BRICS a thing? Is Softbank a money laundering operation? Competition for FTX? 01:10:00 The discussion pivots to the Druzhba explosion. @timber001 takes a break from trillionaire life to take the stage.
01:24:30 Ben K. provides some context to the incident that killed two in Poland. @kdubbsy joins. Where the hell you, beeeen, Kevin?! Where are the barrels coming from? What is Zelensky's intent?
01:35:00 What if there's peace? The pressure to get Ukraine to the negotiation table by semi-interested parties must be balanced with the desire to extract that pound of flesh. 01:44:00 Russia's experience with the Finns in 1940? No recommendation.
twitter.com/kdubbsy/status/1592687972973178880 Ben discusses Russia's massive losses of men and materiel.
01:49:00 @ProdigalThe3rd joins. "This is an economic war." 1:58:00 When is the tanker space? @AhmedBa44329064 and @JamesHMackay are invested.
2:03:00 @AhmedBa44329064 discusses wheat and oil and gas out of Russia. 2:20:00 @BJamz20O3 and @mfwarder join. The Ghost of Jules Verne is unimpressed with my attempt to go 'round the world in 18 secs. Matt thinks things will get done.
"@mfwarder is criminally underfollowed." Amen, brother! Paternalist/authoritarian Tories: Upper-Class Twits of the Year or wazzbags?
2:37:00 Ahmed asks about the higher lows. 2:42:00 @gubbeen1 travels a road leading to the justification for windfall taxes and ESG. Ahmed, James and Matt discuss why this is problematic. 2:57:00 James suggests that the Fed buy energy company stocks.
Matt makes a valid point: What about windfall taxes on Apple? $AAPLE is sitting on $48B in cash. The market caps of AMR, ARCH, ARLP, BTU, CEIX, NHC, TER, WHC, YAL and Tourmaline COMBINED. 3:01:30 SHOCKER: @timber001 asks about coal! Top Grndr investor buying plenty of $WHC.
3:10:00 Matt thinks $BTU's investor day will be fruitful. True Confession: BTU beat me and called me bad names in 2021. Prodigal and J discuss ESG. 3:26:30 James discusses the mining required for EV targets. Elon targets Glencore?
High-Energy Tuesday