Saturday, April 20, 2024
Several times in recent months, I recommended that you consider purchasing the major European oil stocks: BP (BP), Shell (SHEL), TotalEnergies (TTE), and Equinor (EQNR)… so I was gratified to see that many of the large U.S. fund managers are jumping into these stocks. For example, the second-largest holding of the Blackrock Equity Dividend Fund […]
It’s a good time to be an investor that focuses on dividends. According to the asset management company Janus Henderson, investors enjoyed a record haul for global dividends in the third quarter. Total global payouts hit $415.9 billion in the third quarter of 2022. The seven percent rise from the same period a year ago […]
There was a recent major development that many investors have almost completely ignored: the U.S. government is getting into the domestic mining and battery industries. As part of the Inflation Reduction Act (IRA), the Department of Energy handed several companies big lumps of cash in mid-October, ranging from $50 million to $316 million, adding up […]
Russia’s invasion of Ukraine massively disrupted the European energy scene. The crisis revealed what I believe will be the energy story for the next decades: liquefied natural gas (LNG) is the fuel source to power the globe. A recent report from Texans for Natural Gas highlights how the LNG market has shifted dramatically in response […]
The United States is one of a number of countries worldwide that are shifting to a lower carbon energy mix. This is great news for a few companies that will be the beneficiaries of the modernization of the electric grid, and the drive for renewable energy generation more broadly. One such company is a big […]
Last week, several formerly high-flying, large-cap tech stocks fell back to earth after disappointing third-quarter earnings results. Investors counting on these well-known names will be disappointed. Instead, it’s time to look at companies that put investors first… Third-quarter earnings from Alphabet (GOOG), Microsoft (MSFT), and Meta Platforms (META) came out on Wednesday, October 26. Much […]
To help hold down fuel and energy prices, the Biden administration has been selling oil out of the Strategic Petroleum Reserve (SPR), to the tune of three million barrels per week since the start of the year. Now, with the SPR at its lowest level since the 1980s, the administration’s plan to refill the reserve […]
Energy commodity markets have been focused on demand issues lately, but last week, OPEC announced a production cut, putting supply back in the spotlight. This cut in oil production will result in higher energy prices. That’s going to be a change from the past several months, where gasoline prices, for example, have been falling. As […]
From the 1980s until crude oil crashed in 2015, the master limited partnership (MLP) structure dominated energy midstream—your gathering, pipeline, processing, and storage companies. Midstream revenues come from committed fee structures and are very predictable and MLPs pay tax-advantaged distributions, so the structure can be very profitable for the sponsor/general partner/owner. But many investors don’t […]
In 2016, renowned value investor Monish Pabrai developed a simple concept called “Uber Cannibals.” He suggested that buying a five-stock portfolio of companies that were buying back large amounts of their own stock, that were cheap based on undefined valuation multiples, and that fit his definition of quality, would outperform the market.I have discussed many […]
