For anyone interested, I've created a Google Doc with my notes for the various energy stocks I've been researching.
I have links to earnings presentations, and notes about dividend and buyback policy, cash flows, debt, tax pools, etc.
Here is the
link.
I continue to murder oil as short puts melt every week. Thanks for that Eric as I was losing the faith for sure. It's truly my only huge profit sector this year. I do need an oil dip though. Wish I had sold puts farther out into the summer. My gasoline purchases are covered for years if it end today so I guess it's all good.
The bullish draws continue. Add another 5 million barrel draw from the SPR and we are talking about two million barrels per day of draws from storage.
(05-17-2022, 10:38 AM)EricL Wrote: [ -> ]For anyone interested, I've created a Google Doc with my notes for the various energy stocks I've been researching.
I have links to earnings presentations, and notes about dividend and buyback policy, cash flows, debt, tax pools, etc.
Here is the link.
Wow -- thanks Eric. That's awesome!
Thanks Eric, I continue to add small portions to my oxy position.
THE GAS CRISIS IS COMING TO AMERICA
New market commentary from Goehring & Rozencwajg.
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Biden saying high oil prices are transitory to transition for esg. Bought more oxy.
Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.
(06-17-2022, 03:42 PM)fenders53 Wrote: [ -> ]Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.
Yeah, it was definitely a rough week. Hard to believe EOG is 25% off its high considering we are still at $109 WTI prices. Trading at a 9% forward yield if the $1.80 special is carried through the rest of the year. Many others in space are trading at similar valuations.
No plans to sell here.
(06-17-2022, 03:42 PM)fenders53 Wrote: [ -> ]Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.
Oil was only down because people were getting margin calls and selling there only winners to buy other names. I added 9 names in the oil sector today. I have been waiting for a dip. Oil will make money even if they hit $80 a barrel. And there all hedges as well. Not to mention oil thrives in a recession. Oil will come back and hit new highs.