Energy Prospectus

mikelp

agree 100% with Harry Victor Davis Hanson is reciting the Cliff Notes over-simplistic "Idiots Guide" - Fox News version from Hannity and the White House on the Smoot-Hawley Tariff Act. let's recap the Fox News-Hannity-Trump GOP - White House - Hanson- Tucker Carlson versions: The stock mar...

mikelp

voodoo economics I do recall President H. W. Bush using that term to describe Reagan's plans didn't realize at the time we would see voodoo economics again in a different form a bit like his voodoo foreign policy Make Russia Great Again gravy brains Biden lowered the bar so low, people were so thirs...

mikelp

these links provide some history of Russia's demands, going back to Dec 2021, just 2 months before the invasion. Russia's demands have not changed since their proposals to the West on Dec 17,2021. https://www.brookings.edu/articles/russias-draft-agreements-with-nato-and-the-united-states-intended-fo...

mikelp

interesting insight from both sides my perspective is probably a little biased with family in Ukraine and having traveled there 7 times since the invasion trying to help them survive and seeing what Putin has done to Ukraine I had/have no love for Democrats or Biden...too many reasons to get into he...

mikelp

trap door opened in the oil patch
weekly charts are U-G-L-Y

mikelp

this account from Speaker Johnson is more shocking evidence

this makes my blood boil

thank goodness this ends on Monday

https://www.thefp.com/p/when-mike-johnson-knew-joe-biden-not-in-charge

mikelp

great report Dan thanks for posting that I'm also thinking LNG will be a top performing sector in 2025 with the recent shutoff of Russian gas flow thru Ukraine pipelines to Europe north American LNG demand should only benefit from a Trump administration, removing the BIden bottlenecks and his 'green...

mikelp

memories of the old Yahoo message boards for VPI

mikelp

Reagan movie was great Reagan stood up to the Soviet Union - evil empire he called their bluff he knew weakness only encourages aggression a lesson that should have been learned after the 1938 Munich Agreement, Neville Chamberlain's "Peace in our Time" deal with der Fuherer in the words of...

mikelp

Most here have likely already seen this theory. Some think the Democrats just prefer the candidate (Harris) that can remain within the margin of error in the polls, so they will have an easier time with those late arriving "mail in ballots" in the swing States that suddenly change the coun...

mikelp

WSJ reporting a $50B deal could be announced tomorrow

Diamondback & Autry Stephens' Endeavor merger

mikelp

anyone have opions here on TRGP Targa Resources ?
well liked in the MLP midstream closed-end funds universe

mikelp

the TA is helpful for sure

but given the volatility with the mid-east powder keg,
(nobody knows when the next shoe will drop)

I would not want to be short crude oil over the weekend !

mikelp

Hurricane Lidia made landfall at Puerto Valllarta
were any EPG folks down there this week?

https://apnews.com/article/mexico-hurricane-lidia-puerto-vallarta-f64c841d06bcde04469e3e8e07355cf1

mikelp

and thanks to Joe Biden's $6B ransom just paid to Iran Hamas and Hezbollah get a large amount of their funding from the United States but...but Team Biden insists the money is still held in banks in Qatar and the money can only be used for food & medicine Qatar, who has stated that they support ...

mikelp

hey Cliff good one GUSH is another of my favorite leveraged Energy sector ETNs 2x BULL the XOP full disclosure: I use these leveraged ETNs (NRGU, GUSH, ERX) to swing trade a sector (such as currently with energy) and try to catch the biggest part of an impulse move, as we all know it's hard to beat ...

mikelp

agree checkout NRGU 3x Leveraged BULL "Big Oil" ETN https://microsectors.com/wp-content/uploads/BMO_OilFam_070723_A.pdf COP ConocoPhillips 10% CVX Chevron Corp 10% EOG EOG Resources Inc 10% HES Hess Corp 10% MPC Marathon Petroleum Corp 10% OXY Occidental Petroleum Corp 10% PSX Phillips 66 ...

mikelp

https://www.newsweek.com/russia-ban-gas-diesel-exports-fuel-shortage-1828893

bless their hearts
Russia is experiencing fuel shortages and rising prices across the country

: gasrussia.jpeg (44.02 KiB) Viewed 12961 times

mikelp

good morning Fraser
thanks for posting that
good info
I threw some more BTE in the trunk with this week's dip (selloff)

good luck to all of us!

mikelp

Hochul just got a natural gas stove ban passed in NY state
wheeee!
who needs fossil fuels
the Green Bad Deal will take care of everything!!

mikelp

the Biden economy is a train wreck
and the market is not optimistic that Jello-Brains-Joe will negotiate in good faith with the GOP House on the debt limit

Houston we have a problem

mikelp

Dan,
thanks for your feedback
we paid avg of $3.49/gal in south Florida for unleaded gasoline just 3 weeks ago
today prices are just below $3.00/gal in NW Florida
don't see these low prices lasting long

mikelp

Dan: your opinion is requested, I think you have touched on this in your other posts, how long will Team Biden we able to continue draining the SPR to pad these weekly EIA petroleum status reports? we all realize this has been done to pressure domestic gasoline prices to help Democrats buy the midte...

mikelp

great report!

Gov Ron DeSantis should have provided a Classic My-Pillow to each of the 50 illegal 'migrants' he had flown to Martha's Vineyard. Their arrival seems to have caused a public health catastrophe there. Maybe Obama can put them up at his multimillion dollar mansion there.

mikelp

nice to see the big rally at $CRK Jerry Jones needs some good news these days the Cowboys looked horrible in Sunday night game, got whupped good by Brady and the Bucs and their QB Dak is out for weeks with the thumb injury, all they got is a taxi squad backup QB to fill in another bad week and we'll...

mikelp

we know Yellen is repeating White House talking points that are B.S. but we all probably know Democrats in our lives that drink the DNC kool-aid, watch MSNBC, believe all the spin & B.S. from this White House and it's utterly useless to try to talk sense to them when I ask them why they haven't ...

mikelp

thanks Dan,
appreciate your timely analysis of the energy sector
as we navigate volatile markets

have a great week!

mikelp

two "outside the box" ideas for the Energy HY Income portfolio... SJT - 100% natgas Royalty Trust, no debt, no hedges, pays monthly distributions, Hilcorp is the operator. Last monthly distribution was based on March natgas sales/pricing. Next distribution declaration date is 6/17 http://w...

mikelp

Dan
how significant is this event relative to LNG exports, any updates on how long this terminal could be shut down/restart ?
tia

mikelp

today marks the 78th anniversary of D-Day
God Bless America!

https://abcnews.go.com/International/wi ... s-85205896

mikelp

"Pipeline crude will be temporarily exempted as a concession to Hungary and other landlocked countries that heavily rely on Russia's supply through the Druzhba pipeline." the Druzhba pipeline passes through western Ukraine, and crosses the border with Slovakia/Hungary close to city of Uzhh...

mikelp

Dan,
have you had a chance to look over the planned Diamondback Energy (FANG) acquisition of Rattler Midstream (RTLR) ?

https://www.rattlermidstream.com/news-r ... licly-held

mikelp

how much kickback does the "big guy" get?

mikelp

ROFL
too funny
here's another one

the 'k' is silent in the
correct pronunciation of 'monkeypox'

mikelp

Dan,
excellent analysis and very helpful
thanks again
you da man!

mikelp

energy investors - heed Jesse Livermore:

"be right - sit tight"

mikelp

Dan: what's your thoughts on the RTLR & FANG news this morning?

do you see FANG increasing dividends ?

mikelp

and CVX is the only energy component in the Dow Jones 30 Industrials

mikelp

IEA and WHO

both political organizations ... carrying water for the ones slipping money into their back pockets

mikelp

another income idea in the energy space ... pays a monthly coupon...current yield 34.98% https://notes.credit-suisse.com/etn/etn-pdp.html Credit Suisse X-Links™ Crude Oil Shares Covered-Call ETN Index Overview The Index seeks to implement a "covered call" investment strategy by maintaining...

mikelp

Dan

watching the natural gas numbers closely, thanks for the updates...

what are the projections for this week's EIA natural gas storage report?

mikelp

Dan has written about this topic on several occasions. Very interesting article. https://worldoil.com/news/2022/5/5/drilling-for-shale-oil-is-getting-more-expensive-at-the-worst-possible-time/ (Bloomberg) — Inflation in the oil sector is worsening and industry executives see no reason to expect cost...

mikelp

meanwhile, the Bozo the clown show at the Biden White House decides they need to "replenish the SPR" ... while prices are high https://www.cnn.com/2022/05/05/energy/spr-biden/index.html New York CNN Business — The Biden administration plans to seek bids this fall to buy 60 million barrels ...

mikelp

thanks Dan we see diesel prices impacting everything in our lives...just walk the aisles at the neighborhood grocery store just a general comment 50 BPS hike today, the markets knew it was coming... will the same old FOMC toolbox tricks slow down inflation this time? guess that's all they have left,...

mikelp

thanks Dan, you definitely gave us a heads up!

some 2x BULL leveraged ETFs in the sector:

BOIL 2x BULL natgas (2x UNG)
GUSH 2x BULL oil&gas E&P (2x XOP)

viewing XOP's holdings, the Sweet 16 and Dan's Small-caps approx 40% of it's holdings, along with 20% in refiners

mikelp

+40 Bcf

let's light this candle

mikelp

Dan: your thoughts on the Russian natgas cutoff for Poland & Bulgaria?

mikelp

been following news in this region for some years concerning oil & gas development HIllcorp made a large investment in the area in 2017 when they acquired the San Juan basin assets from Conoco Phillips. Hilcorp San Juan, L.P. is a partnership between Hilcorp Energy Company and The Carlyle Group....

mikelp

some tax history that I'm sure Dan knows about SCOTUS ruled that an income tax is unconstitutional in 'Pollack vs Farmer's Loan & Trust' (1895) thank the Democrats in Congress for the Federal Income Tax Constitutional amendment passed in 1909 and ratified as the 16th Amendment in 1913 if deficit...

mikelp

thanks for the updates!
I threw some more ESTE in the trunk today

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