Energy Prospectus

Bummer.... was hoping ESTE was going to be a double. I know that PR may still pay off... but trying to figure out why this experienced ESTE management team would sell out so low.

Spot on....

I had a position in OIH a while back, but switched it to specific offshore names, because I felt offshore services would be better than diluting with the onshore as well. I subscribe to John P's newsletter - he was definitely early on TDW (way before me... and probably a bit too early... but it is p...

It's been a great 7-8 months for Offshore. When I posted this in Jan TDW was at $42 and is now $64 and RIG was $6.20 and now $8.50 (RIG had already run up from around $2.50 in mid 2022). Very bullish confra call this week from RIG - I can see their share price treading water for a bit now... but the...

Patience is a virtue !

Thanks Dan - appreciate the response/color on your thinking.

Hi Dan - a quick question on valuation multiple's - looking at the two most recent model updates for Baytex and In Play (I own small positions in In Play and Ranger Oil so interested in both). Trying to understand the logic of 6x for In Play and 3.5x for Baytex. Given the size of In Play I would hav...

JPM produces what I think is a very well written / balanced annual energy paper - well worth the read. They also just did a 45 min webinar summarizing key topics. Michael Cembalest - the lead author is always good to listen to. If only someone would force every one in Congress to read /listen to thi...

@Chuck - I think you are right. The next 2-3 years are going to see a lot of defaults - particularly in Commercial Real Estate and high yield corporates - even without a material downturn - the combo of higher rates and tightened lending/banking environment. It's interesting to see some of the high ...

Talking of morons.... what a joke today.... Powell saying one thing and Yellen the opposite an hour or so later. What a cluster. I was in NY in the banking industry in 08/09... for all his faults, Hank Paulson made the right and brave calls and saved what would have been a horrendous collapse.... sa...