0:08:40 Futures (coking coal!, TTF!). Buying miners (Glencore, Vale and RIO). Excellent primer on Glencore delivered by @YellowLabLife and @twebs
twebs.substack.com
Episode 9: Glencore ($GLEN.L) with the Koala (@YellowLabLife)
00:12:00 @timber001 – $ITE and its Serenity play, segue into $RZE. 00:15:00 The Regis of Razor @Josh_Young_1 on $RZE Who needs Viagra, when you have this thread? TL/DR: @OutlierHunter says at 04-MAR pricing and $115 oil, $RZE a 190% FCF.
21:30 @SHOPGod2 and @Josh_Young_1 on composure and the mindset of the money manager
https://www.poetryfoundation.org/poems/46473/if---
27:18
– Volatility, handling the trade, and understanding that more people are joining the energy game. Joe expects increasing oil prices and 40 VIX.
https://t.co/U9ni3ZRyhR
33:25 @puckdunk @thewheelfx @Beachdudeca on black swans, reshoring and energy/food independence. 40:40 @WhiteTundraSG @JoeBeattie11 are $CVE and $SU cleaning up on crack spreads? Will $5 gasoline destroy demand? Is it time to go into pure-play refineries?
45:00 $TAL/social unrest. @WhiteTundraSG likes the stock, but $WCP has passed the @jim_duffus barrier. Shubham sees great torque, low hedging. 49:10 @InvestInOnG and Shubham on Leucrotta. The dumbest guy in the room mentions Touchstone – then is TOLD why it’s a terrible idea.
54:00 @Humblesonko1 a personal view on problems conflict, forced migration and energy poverty are causing in The Gambia. We hear too much from entitled teenagers, how about listening to people really struggling?
1:06:00 @jim_duffus on the Green Cult. **** 1:11:40 @rockcreekfreak takes the stage and rocks the house. Jaws drop, gobs are smacked, $ITE shares are bought, and babies are made, as Barry White plays in the background. ****
Rock Creek's Twitter thread on $ITE wells.
1:42:00 @sohaibab9 on his visit with Rafi and the @CanoeEnergy team. 1:47:14 Canoe always looking ahead.
** 1:56:00 @thejeff85 has been looking at airlines’ books and asks is it time to short? Delta a bankruptcy risk? Should we worry about our airline miles? @Lava_Flow2 opines. **
2:03:00
get to the heart of energy security – using an Operation Warp Speed approach to resolve matters quickly. 2:06:15
@JamesHMackay on tanker stocks
2:11 @BullishOnHoney on Blueberry First Nation ruling. Royalties likely to go up. Meaningful relationships with BBFN are going to be crucial. “Managed decline of the forest industry.” – Topic for a future Space?
notes some permits are moving forward and he, @CouldBeMistaken @redCrayonsRBad and @JamesHMackay provide a lot of additional color on BBFN.
2:39:40 @WhiteTundraSG says BBFN overhang is an opportunity to snap up Crew, Arc and Birchcliff, seeing 40-50% upside (he likes ARX). @CouldBeMistaken investing in Crew. New BBFN chief owns an oil-services company, so a deal will be done.
asks about the winners here. @CouldBeMistaken says Crew is outside the boundary and cheap on a per-barrel basis. Shell and $ARX are nearby, and $CR could be a takeout target, with LNG Canada as another catalyst spurring larger players to ensure supply.
2:56:00 @SGSilkySmoov asks about the $ARX U.S. OTC trading symbol (AETUF) and asks @WhiteTundraSG about $CVE, $VET and $MEG. Let’s just say Shubham is VERY ENTHUSED about MEG.
And "Vermilion is a monster. Come 2023 and 2024."
talks $VET hedging (~50%), which means half the company's NG sells to the Dutch Title Transfer Facility at 11X Henry Hub pricing.
3:03:30 @HectOracle offers to buy us dinner! Then he starts an epic discussion on options trading.
Suggests throwing in bids between bid/ask spread. Don't be surprised if order is filled despite lack of apparent volume.
On illiquid names, you might experience great success by putting in a bid for a cent or two above the ask for a large block of shares. #beatthebots
3:19:00 @sohaibab9 American options are preferable because of liquidity. @BarrsDorian Discusses warrants and how they can provide torque. There are caveats. ... $SOIL warrants dilution and @nyetjgoldblum emotes.
discusses $SOIL management, and his confidence in them. A future $SOIL Spaces is coming in a couple of weeks?!
3:32:00 Audio difficulties as I try to identify the cheapest companies I'm tracking per flowing barrel: 1. $ROK 2. $SOIL 3. $PPR 4. $GTE 5. $RZE 6. $TAL
Advises you to use limit orders, so you don't end up buying $RZE for $0.77 more than the going rate.
3:46:00 @IlliniProgrammr @MasBest2point0 working with the algos to make your own market.
sends his family packing to have a peaceful Spaces session! @thejeff85 implores us to use limits, outs himself as the guy who bought @Josh_Young_1 $RZE for $250/share.
Possible arbitrage: Using
http://tradingview.com
to see what companies are trading for in various exchanges. @colebrich is going to talk $PPR in a future space!
4:08:30 @BarrsDorian 80% of all options expire worthless. Great for leverage, great for insurance, but they are risky. 4:12 The case against naked shorts.
4:20:20 Option liquidity improves near expiry.
High-Energy Tuesday Ep. 2