Energy Prospectus

Big fan of ARCH. Has backed off a double top of 185. FCF yield of 10%, ROIC is 24% and its price to economic book value at zero growth is worth $370.

Interesting data points since January.

https://archive.ph/UrfTo

Dan, any thoughts that Permian could buy Vital?

Time to buckle up boys and girls…

https://www.zerohedge.com/energy/stars-are-aligning-energy-sector-catch

And Texas is going to need it after this Mother Nature episode..
https://www.zerohedge.com/energy/green-energy-beaten-black-and-blue-video-shows-massive-hail-damage-texas-solar-farm

https://www.zerohedge.com/commodities/drone-attacks-hit-another-russia-refinery-swing-producers-refining-capacity-drops

Looks like Congress is waking up to the IEA BS..
https://twitter.com/ericnuttall/status/1770807620699389967

https://seekingalpha.com/article/4678308-this-iea-oil-market-report-reeks-of-political-motivation

Biden, Granholm and Podesta won't win a pissing contest with the Saudis.
https://www.cnbc.com/2024/03/18/saudi-aramco-ceo-says-energy-transition-is-failing-give-up-fantasy-of-phasing-out-oil.html

Interesting thoughts, Fraser. WSJ had an article on the HES-CVX merger two weeks ago. Seems as if the traders weren't buying it would happen as HES is trading 20 points lower than the take out price. Wonder whether XOM would bust up it's deal for PXD to bid for HES. Sounds like Guyana is more promis...

Dan Yergin, vice chairman of S&P Global added: "The energy companies have demonstrated a discipline in their capital investment and have been responsive to investors. You can see that in their spending and that's refurbished the social contract between the companies and investors.” https://...