Energy Prospectus

You may notice a few typos in today's cover letter. I had a few "adult beverages" before I wrote it.

Susan & I will be heading down to Puerto Vallarta this morning and we will return on June 2. Actually, it is cooler in Mexico than in Houston + fishing is much better. We do have good internet connection where we are staying, so I will be checking in from time to time. OPEC+ announcement on June...

Note from David Blackman - May 27 The collapse of the Western world’s EV boomlet has evolved rapidly over the last year or so. The first inklings made their way into the legacy media with a rash of complaints by car dealers around the US that their lots were being overwhelmed with electric models sh...

Solaris is one of four companies in our Small-Cap Growth Portfolio that pay good dividends and there is a good chance that they raised dividends later this year. Based on the May 24th closing prices here are the annualized dividend yields. GRNT: 6.70% REPX: 5.61% SOI: 5.38% < Safest bet since Solari...

Today Crescent Energy (CRGY) replaces Talos Energy (TALO) in the Sweet 16. My Sweet 16 summary spreadsheet (all 3 tabs) as of 5/25/2024 has been updated and posted to the EPG website. The forecasts for all 35 stocks in our three model portfolios can be found on the updated spreadsheet. The stocks in...

I like BTE for two reasons: 1. I believe the "Right Price" for WTI is over $80/bbl, which supports HFI's Bull Case below. 2. I also believe that they acquired Ranger Oil (a company I followed for over five years) are a very good price. Baytex has a lot of upside in the South Texas Eagle Fo...

Super expensive AI data centers will not risk depending on unreliable wind and solar for their BIG electricity demand. Natural Gas: A Natural Bridge to Fuel AI’s Electric Demand Story by Paul Hoffman Big tech companies may have to renege on their clean energy promise and use power generated from na...

This morning, I finished my review of the updated profile for Ovintiv, one of the largest companies in the Sweet 16. Q1 2024 production was 574,000 Boepd, beating my forecast. At the time of this post OVV was trading for $48.55. My valuation increases by $1 to $71/share, which is just 3.1 X annualiz...

They are selling off the Northeast gasoline reserves, that were established after hurricane Sandy caused serious fuel shortages in the Northeast. To hell with national security.

Copper is trading at an all-time high. If you have not watched the replay of our May 22nd webinar with Teo Dechev, CEO of Mundoro Capital (MUNMF) I highly recommend that you do so. Here is the direct link to the replay: https://www.youtube.com/watch?v=DuNjULdcgTE First, read these comments from IEA ...