@SteveWps joins. @jleqc discusses the difficult stretch many of us have been going through. "You can't borrow someone's conviction."
00:12:00 @sohaibab9 and @RazorOil join and discuss the incredible OPEC+ Space they hosted. My two biggest takeaways from Sunday's 8-hour extravaganza.
00:24:00 Razor thinks many Canadian companies will report Q1 earnings in line with Q4 because WCS differentials have tightened. @IlliniProgrammr discusses bullish data points.
00:32:00 Razor makes a bold prediction. Happy Birthday, Razor. Chag Pesach sameach. @JoeBeattie11 joins and discusses EIA data. Razor and Sohaib will be doing some reviews of companies coming up. Joe touches on CNQ. Joe and Sohaib will do a YouTube video on crude marketing.
00:46:00 @jim_duffus joins and discusses his recent trading victory. @Albertagarbage joins. Jleqc pivots to a discussion of natural gas.
1:08:00 Is now the time to look at Tourmaline Oil? The charts look interesting. Do you want to invest alongside Mike Rose?
@InvestInOnG joins. Hot gas summer? Have producers been sufficiently thrashed?
1:25:00 CNQ? SU? We know where AG stands on these names, but is that the final word? ... LOOK AT GOLD!
@TheFreeCashFlow starts a conversation on gold's opportunity cost. How do we look at gold -- as an investment or insurance policy?
1:59:00 @worldneedsOil and @BushelsPerAcre join. Will the oil price rip, causing shale to go nuts? Saudi branching out from oil.
2:17:30 AG describes oil-wet vs. water-wet reservoirs -- if capex for Utah is a go, dump everything.
2:26:00 Speaking of dumps, $XOM burns billions of capex on Brazilian dry holes. @AssetTraveller asks why $OVV and $BTE are making deals in the U.S. -- why not Canada? Egress?
2:43:00 Deep notes that some of the best risk-adjusted investments are in places away from North America. Understanding that Petrobras and Amazon do different things, it's interesting to note that $PBRA delivered more $ in FCF last year despite being 1/10th the enterprise value.
2:53:00 @MiserMcMiserson on the Saudi production cuts and the big city project. $90 Brent?
3:01:00 @mfwarder joins to discuss butt implants with AG. My favorite world-music album, Rhythm of the Ain'ts (Quebec jams). Matt said au revoir to some PBRA shares. Vera Lynn knows.
Matt loves Vale and discusses some other Brazilian businesses he is looking at @realZenelan makes a rare appearance and wants to discuss die-a-beet-us. JK, he talks Brazilian sugar.
Miser puts ChatGPT to work.
3:34:00 @ManchesterUtd81 joins and discusses $BAK (Braskem) and WLKP (Westlake). 90s talks refining, and goes into the LYB asset that is either going to be retired or sold. GREAT STUFF this week from The Three Horsemen of the Refining Apocalypse.
High-Energy Wednesday