Wednesday, September 3, 2025
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 […]
Like everybody else, I love dividends. Always have and always will. I am also a big fan of stock buybacks. I get a kick out of the endless debate about stock buybacks. They are neither good nor bad in and of themselves. Stock buybacks are fantastic at low valuations with funds generated by the business. […]
There has been a series of flawed assumptions followed by lousy planning from the governments of the world as they have continued their push to reduce carbon emissions by replacing current energy sources with renewables, primarily wind and solar. This discussion will not take the path you may be imagining. The enormous and wrong assumption […]
On August 24, we had confirmation of what I’ve been saying for a while now: energy is the place to invest if you’re looking for dividends, specifically oil dividends. As Reuters reports: “Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and […]
The DCP Midstream (DCP) buyout offer earlier this month marked another master limited partnership (MLP) coming off the board. Over the last eight years, the number of publicly traded midstream MLPs declined by 74%. Here’s what that means for investors, especially those who like the tax-advantaged, high-yield income from MLPs… On August 18, Phillips 66 […]
BHP Group (BHP) is returning a record amount of cash to investors as surging coal prices helped the world’s biggest miner deliver a 26% increase in annual profits. The company and its shareholders are grateful it hung on to some of its coal assets. That kept BHP’s cash profit climbing in the 2022 financial year, […]
