/Oil & Gas/

[Anonymous No.51115855]

Oil and Gas general:

>Winter is coming
>Putin is going to cut gas to Europe
>Woke retards, closed most of the coal power plants and oppose Nuclear
>Gas power plants are considered green by EU law
>One of the driest summers in Europe history, there is not enough water in the Hydroelectric dams to produce electricity
>China will eventually give up on their 0 Covid policy, and it's economy is going to grow again, rising the consuption of oil and gas
>OPEC does not give a shit about the West and even less about Biden. They are talking about cutting production
>Biden have already released USA oil reserves, they will eventually need to be filled up again
>The adoption of EVs is still slow
>Even if the EVs sales grow alot, the electrical grid of every country will need massives amouts of gas to power the increse in consumption
>The oil and gas consumption in China, India and every developing country with a huge population, is growing fast.
>Oil and gas are here to stay


This winter, we will have oil and gas hitting record prices, so here are my plays:

>I'm focusing on Upstream and not caring much about Downstream.
>I'm buying mainly ConocoPhillips because they are a big Upstream company since they spined off their Downstream operations into Phillips 66
>I'm buying on of the big, American shale companies. I bought Pioneer
>Also have a little bit of money in Chevron


What's your thoughts and opinions?

[Anonymous No.51116018]

>>51115855
Seems like a good setup especially if it's going to be a cold winter.
Priced in though?

[Anonymous No.51116089]

>>51116018
>Priced in though?
Not at 100$ oil I think.
Woke Wall Street is underinvesting on oil & gas companies, I think the industry is undervalued for the massive profits it could generate this winter

[Anonymous No.51116250]

>>51116089
Dollar strength will tamper down on usd oil price. Price of everything goes up for everyone else in the world but US stays the most stable. Rest of the world will be spending more for food+energy and won't be using more oil (economic activity will be getting reduced so less demand)

[Anonymous No.51116372]

Summer is ending, rivers will be less dried out soon, EU natural gas storage is 76% full by now. Get your shorts ready in september

[Anonymous No.51116529]

>>51116250
A strong dollar is a good perspective that I haven't thought about until now
A strong dollar and high oil&gas prices will tamper down demand a bit, but not much, since Europe will not have power outages. The record high price of oil was $147 in 2008 and it only went down with increased production, not because of the failing demand
>>51116372
A cold, dry winter in the Northern Hemisphere (Northern America, Europe and China) + Putin cuts the flow to Europe and/or sanctions reduce Russian output = oil prices north of 300$

[Anonymous No.51116681]

I bought $10k of VDE ~40 back in late summer 2020, been enjoying the fat dividend ever since, around 8% (reinvested for the first year then just been taking cash since). Will hold through the winter and reevaluate early next year.

[Anonymous No.51117935]

>>51115855
I have a BIG announcement to make on a good play for a gas company to invest in. I like you guys, you have made me make money before.

Right now my capital is low so I'm going to wait until I have some to invest myself, but it's a lowkey european gas company which had an important merger a few years ago which is key to it's MASSIVE rebound.

[Anonymous No.51118314]

>>51117935
>announcing an announcement for a random stock ticker

[Anonymous No.51118325]

>>51116250
The only reason oil isn't already $150 is because Biden is trying to save the dems' asses by releasing the SPR. Once that is gone, well, libs annihilated.

[Anonymous No.51118333]

im a geologist, what is the pay like doing this bullshit?

[Anonymous No.51118380]

>>51118333
If you find oil on my backyard, I will give you 500€

[Anonymous No.51118702]

>>51118325
This, plus MBS the Saudi Prince is going to seek revenge from Biden since Biden tried to cancel him for the death of that journalist, and cut production.

This winter Oil on 500$ confirmed

[Anonymous No.51118979]

>>51116250
Distillates, distillates, distillates. Fuel switching and pent-up demand. The 2-1-1 spreads are diverging from the 3-1-1 ones. No diesel there is.

[Anonymous No.51119368]

>>51118333
6 figures

[Anonymous No.51119413]

>>51115855
high EU natgas prices give US refiners an edge.

[Anonymous No.51120663]

https://archive (dot) ph/Xxtqp

[Anonymous No.51120728]

>>51120663
Can you post the Bloomberg link?

If you guys download the extension: "Bypass Paywalls Clean", you can read all the major news sites, including Bloomberg and WSJ

[Anonymous No.51120750]

Also:

https://www.bloomberg.com/news/features/2022-08-26/why-are-rivers-drying-up-climate-change-turns-waterways-into-dust

There is no water bros, no Hydroelectric production on the Northern Hemisphere.
Oil companies will be worth gold, during this winter

[Anonymous No.51120781]

>>51116529
>A cold, dry winter in the Northern Hemisphere (Northern America, Europe and China) + Putin cuts the flow to Europe and/or sanctions reduce Russian output = oil prices north of 300$
>oil prices north of $300

I really hope you're wrong, but I might just invest to hedge my best. $300 oil would mean like $7-$8 gallon gas in most of the US, and probably over $10 in California and the west coast

[Anonymous No.51120834]

>>51120781
Just invest in oil companies, then you can afford gas

https://www.bloomberg.com/news/articles/2022-07-01/jpmorgan-sees-stratospheric-380-oil-on-worst-case-russian-cut#xj4y7vzkg

[Anonymous No.51120866]

>>51120781
300 bucks, lmao. I feel like this is a chainlink 1k eoy meme

[Anonymous No.51120970]

Shipyard anon here.
As of few months ago, we have a large order of oil rigs.
Also, we have have started building a lot more LNG vessels.
Oil and gas market have not toppped yet.
These projects are government based projects!
BRING ON THE BONUS

[Anonymous No.51121723]

Will papa MBS also cut production and make us all rich?

[Anonymous No.51122040]

>>51118333
Its always feast then famine. You can work for a smaller company and learn everything about the business. All the company cares about is making profit. They don't care what your education is. If you can develop a program to drill new wells, redrill existing wells, rework existing wells, improve waterflood, stimulate or restimulate, or just run projects and make money you can make good money. I knew an attorney that worked for Chevron was a project manager because it paid better than being an attorney. There are lots of companies with lots of wells and lots of data that needs to be evaluated to squeeze every drop out of the leases. You don;t need to stick to trying to be an exploration geologist, there is not that much to explore and where they explore now has the harshest conditions.

[Anonymous No.51122142]

I’m just loading up on GTE every dip we get. They are paying down debt and will soon have massive free cash flow to do buybacks

[Anonymous No.51122213]

Bought in you Pioneer and added more to my Exxon. So far, energy industry has been helping me beat the market this year. Dumped all SPY for Pioneer and Altria. Let’s see where the market takes us this winter.

[Anonymous No.51123116]

>>51120750
I am buying Canadian Natural Resorces, which is cheaper than most US o&g for some reason - probably due to stock market preferences - and makes tremendous cash flow for basically every year in the last 20 years. They are mostly mining oil sands which is way cheaper - apparently giving them profitable numbers even if WTI crude is at 40$ per barrel. I am european so this is like hedging myself: if it happens to get worse, I am at least profitting off of it somewhat. But I will keep this company. They pay a massive dividend too.

[Anonymous No.51123161]

>>51120866
I think naturally it would never reach that price. But because of all the useless and powerless sanctions bullshit this may actually happen. Russians can just lower oil capacity, they can also burn off gas before they sell it - which they already did get paid for by EU cucks, and Russians dont care about muh environment at all...
This entire sanctions regime is about the most retarded thing "our" western "leaders" came up with since Hitler invaded Russia. It's so retarded that it just might lead to our downfall.
All the "renewables" are also not doing shit apparently, we have more of them than ever before yet they can never hope to secure our grid or low energy prices. I have become utterly redpilled (gay phrase) by this, as I was very much hoping that renewables are a way out of our energy issues. But it's probably always going to be this way. There is no "free lunch" as they say. Renewables only work if you invest 3 times more because you also need storage capacity of some sort. Without storage, either in battery or gassified form, or perhaps using that to pump water to a turbine, youre not getting better energy safety, but worse everytime.

[Anonymous No.51123187]

>>51116372
No, EU has no gas storage, it's german gas storage. That gas storage lasts at best 2 months if Russia were to cut flows entirely, the storage being at 80% now doesnt change the simple fact that winter starts in November and lasts until March or April, which makes it 4-5 Months at least. I wish I could tell myself that I am judt scared over nothing but the "quality" of EU and German politicians is bottom of the barrel ideologues and I place 0 trust in them being able to avert the crisis that may befall us.

[Anonymous No.51123327]

>Now there's an O&G general

Fug, might be time to sell before I become like a BBBY or GME baggie

[Anonymous No.51123372]

>>51123327
Difference is that this isnt a "fuck the shorties" or whatever dumb fucking reddit idea. These arent bankrupt garbage companies that redditors hype up, these are profitable, smooth sailing companies that make money in almost every market environment. So if theyre cheap (I expect Shell to be overvalued for example) why not buy some? There can be no demand destruction in the near or medium term because Green energy sucks ass and even if there is a recession people need their basic necessities, europeans arent even using air conditioning aside from spain, greece and italy (and its nowhere close to US consumption)...what I am getting at is that these arent frivolous luxury gas/oil demands, its just the very basic stuff, like being able to have warm water. Europe and the US have no discernible strategy to bring the prices down and everything they do only makes price go even higer.

[Anonymous No.51124625]

Buy shares in hot water bottles and thermal underwear instead

[Anonymous No.51124751]

>>51123187
2021-2022 winter the gas storage went from 75 to 27% I think. So it will be enough for winter, especially if people and industry try to save gas. Next year is the question how fast it can be refilled without or with fewer russian gas. Russia supplied the EU via Nordstream 1 until July pretty normally at full capacity. From mid July they decreased it heavily.

This is why I don't understand why the fuck EU and US gas was so exorbitant high back in winter 2021, although Russia was fully supplying gas. Now we doubled that again (US from 6 to close to 10 dollar). I mean, this move now rather makes sense, than what last winter happened, but in comparison to winter 2020 we are 5 (US) -10x (UK I think) higher

[Anonymous No.51126541]

>>51124751
That winter Russia fully supplied 100% of gas to Germany. And no, saving doesnt matter, even in perfect circumstances, youre not going to save more than 10% and that is already absurdly high, at best we will save 5% realistically speaking.
You also have to remember that some of this gas in the storage right now is still "cheap" gas, the EU is going to refill and restock gas mostly entirely from US/Canada sources and Europe-based producers also arent going to lower prices for the EU bureacrat cucks. This means Oil and Gas will be in even shorter supply, or, if theyre not in short supply, they will be expensive. EU is paying every price to outbid others. The "price cap" on Russian oil will just force Russians to sell to China/India at a discount, allowing them to arbitrage and ask for more money than Russian exporters could. Or Russians are just not going to produce as much oil, Gas will be burnt off if it's not taken. Oil doesnt have to be drilled.
Then the Ukraine regime is continuing to shell the nuclear plant, which is further destroying peace options in the near or medium term. EU cuckholds want to appear strong- which they are not, they are weak and beholden to US and China interests, their feet stomping when it comes to Russia is just making life more miserable for EU citizens.

[Anonymous No.51126647]

>>51126541
And I honestly wish it was the other way round, as a german, what could be better for me and the europeans around us, than a strong, pragmatic Germany and EU, willing and capable of undermining every last bit of Russian effort and strength? A germany with a true master plan, geopolitical long term goals, a fuck you to China and America at the same time... But alas, we are just worthless peasants in the grander scheme and our "leaders" are as megalomaniac and deluded as Hitler was in 1944 but somehow also manage to be complete pussies that nobody would ever take any order from, least of all actually strong nation states.

[Anonymous No.51128435]

https://www.ft.com/content/ef02dd38-7cc6-4c13-914e-e2b6b2b8ee9d

[Anonymous No.51128711]

https://www.ft.com/content/692d297e-a211-44e1-87b2-c75d2ab0cec8

The fire rises bros (and so does my oil investments)

[Anonymous No.51129406]

>>51128711
what kind of stocks do you own? I wish I had the foresight to see this coming, but honestly, who could have back in 2020, all of what we witness now seems like straight out of a dystopian technocrat playbook.

[Anonymous No.51129457]

>>51129406
>I wish I had the foresight to see this coming, but honestly, who could have back in 2020
CMMG did. We also are predicting silver and gold to moon beyond comprehension.

[Anonymous No.51129481]

>>51129457
>CMMG did
shhh let this general be the containment thread for all the fomotards

[Anonymous No.51129622]

>>51129406
>what kind of stocks do you own?
By order of quantity:

1 - ConocoPhillips
2 - Pioneer Natural Resources
3 - Chevron

>I wish I had the foresight to see this coming
You still have time, oil is at 92$ at the moment and woke Wall Street still reluctant in investing in it. In the winter is going to high 100 $ at minimum, above 300$ if everything goes right.

A few days ago I made my biggest investment in oil, bigger than what I had invested before

[Anonymous No.51129934]

>>51129457
>>51129481
>commodity schizos who relentlessly beat their own drum and sometimes get it right
I am not talking about shiny rock boomers and oil traders, I mean normal portfolio allocation. obviously in hindsight during and after the covid crash energy was so cheap (companies and commodities) that this was a huge buying opportunity, but back then everything was mooning and basically nobody wanted to touch oil and gas with a tenfoot pole, because it just meant months of abysmal performance. I wasnt into value investing back then. I have turned my portfolio strategy around 100% and am not touching speculative bullshit anymore, I am just pumping my cash into dividend yielding stocks with solid balance sheets and low valuations.
>>51129622
I also started buying a company, canadian natural resources (CNQ) because they seem to do tremendously well basically since forever and are quite cheap. Is the conocophillips dividend going to be higher than the last one? they dont even pay 2% on paper.
chevron also seems too expensive for my liking at 10 p/e and sub 4% yield.
But Pioneer seems like a great stock, they are doing extremely well from a quick glance, do they have a lot of debt?

[Anonymous No.51130008]

>>51129934
Then wait for our next play to 10x before you get in, easier to accumulate with less competition.

[Anonymous No.51130198]

>>51130008
Dont worry, I wouldnt throw in more than a couple thousand on the mindhive of a 4chan general. But what's the next play? Uranium? thats all I have heard so far, and I am not at all convinced on that proposal.

[Anonymous No.51130427]

Why do you retards always buy the top and then form bagholder cults with insane convoluted theories about how it's gonna go to a bazillion?

[Anonymous No.51130750]

>>51129934
ConocoPhillips pays low dividends compared with the rest of the industry, but that's not a problem for me, they only have a payout ratio of 24.83% of the profits, with means they have more money to invest in exploration.
The main reason I'm heavy on ConocoPhillips is because they are the only big company that are focused on Upstream (since they spined off their Downstream operation into Phillips 66, some years ago) and Downstream may suffer in a big recession.
Oil and Gas are here to stay for many decades, the decision of ConocoPhillips to not pay as high dividends as it's competors, and instead save money to invest in the future (in more oil and gas exploration, I hope), is the right decision.

If you want very high dividends you have Petrobras (PBR), but I don't think the company have a bright future, their Dividends are only up so much because of the Brazilian election, after them, it will go down, also a Communist is probably going to win them, so you also have that.

>But Pioneer seems like a great stock, they are doing extremely well from a quick glance, do they have a lot of debt?
They have a low debt, but with this current oil prices that are going to go exponentially higher during the winter, I don't think that even a high debt is a problem

>chevron also seems too expensive for my liking at 10 p/e and sub 4% yield.
I wanted a big company that also had Downstream as my 3rd company, and Chevron have better fundamentals than Exxon

My plan is:

1st company - Big company focused on Upstream, I bought ConocoPhillips
2nd company - Big American Shale company, I bought Pioneer
3rd company - Big company that also have Downstream, I bought Chevron
4rd company (maybe) - I don't have more money to invest at this time, but maybe I will buy a small shale company, next

[Anonymous No.51130802]

>>51130427
Oil is at 92$ at the moment, it could reach near 400$ during the winter and woke Wall Street has underinvested in oil companies in recent times.

It's not an insane convoluted theory like the dumb Redditors pump and dumps, on bankrupt companies


https://www.bloomberg.com/news/articles/2022-07-01/jpmorgan-sees-stratospheric-380-oil-on-worst-case-russian-cut#xj4y7vzkg

[Anonymous No.51130854]

>>51130802
Energy crisis in Europe is literally priced in already.. it's why natural gas is up 300 fucking percent already.. I don't see any catalyst for things getting worse but if the Russian war ends, Saudi deal or Iran deal you faggots are gonna be giga bagholders before the markets even open (gap down 10%)

[Anonymous No.51131040]

>>51130854
>Energy crisis in Europe is literally priced in already
As much as I love the everything is already priced in meme, I don't think it is, at sustained oil prices of north of 100$, even less at 200$ or above. Wall Street was underinvesting in oil companies


>Saudi deal or Iran deal
Not going to happen, OPEC already said it will cut prices if the Iran oil reaches the market:
https://www.reuters.com/markets/commodities/with-iran-deal-looming-opec-weighs-oil-cuts-2022-08-23/

MBS hates Biden, because he wanted to turn Saudi Arabia into a Pariah State for the killing of that journalist. MBS is not going to do any favors to Biden for his Midterm elections


>if the Russian war ends
And the sanctions are lifted, then yes we are very much fucked. But this has a very low probability of happening in the near future

[Anonymous No.51131051]

>>51131040
>cut prices
cut production, not prices, obviously

[Anonymous No.51131073]

>>51115855
how to get a job in oil and gas?

[Anonymous No.51131083]

>>51123116
Be wary. Canadian oil and gas fluctuate in boom and busts. It is not always up.
> t. Calgarian involved in the oil industry of Canada

[Anonymous No.51131100]

>>51131083
CNRL weathers it better than most. It was very nice to pick it up at a very depressed valuation.

[Anonymous No.51131119]

>>51131040
You acknowledge the entire administration and market is against you (ESG score based investing by Blackrock and such). You acknowledge they will do anything to suppress oil prices before November midterms.. you acknowledge a long list of catalysts that would instantly destroy oil prices..

Goodluck dude I would be taking profits. GUSH is up 200 fucking percent this year and analysts are shilling people to buy bags at the top like they usually do with fantastical "$200/barrel" greed headlines.. the same people that shilled "inflation has peaked market is healing" headlines before they rugged everyone on friday

[Anonymous No.51131126]

>>51126647
> we need leaders with a plan for geopolitical strength in the area
You mean…like what Hitler had?

[Anonymous No.51131236]

>>51131119
>You acknowledge the entire administration and market is against you (ESG score based investing by Blackrock and such)
Does not mean shit if the oil and gas prices reache record highs, oil companies will be flooded with money and start paying fat dividends and buybacks

Democrats are going to lose the midterms so no socialist shit from them during the winter.

>You acknowledge they will do anything to suppress oil prices before November midterms.
Biden is already dumping the US oil reserves, it will officially end 1 month after the midterms, I think, lol. That's the only reason oil has not be 100$ sustained.

After that the US oil reserves will be mostly empty, needing to be refilled, during the winter, so that's perfect for a oil and gas crisis

>the same people that shilled "inflation has peaked market is healing
That was definitely not me, inflation and the market are going to be shaked up, during this winter energy crisis for sure.

[Anonymous No.51131252]

>>51131100
Oh, for sure. You can’t be in business in Canada without knowing how to weather the busts. Every Albertan company has reserve cash for that reason. They also temporarily lay off workers while they wait it out, then rehire when production kicks on again. But it always cycles. Just wanted to make sure you were aware of that and not some headlong idiot piling cash into energy because they saw how well it’s been doing.

[Anonymous No.51131484]

>>51131236
You're very uninformed. The SPR will nto be refilled anytime soon, in fact the contracts will be fulfilled after fiscal year 2023. This is not going to put any upside pressure on Oil prices in the near term, I am not really hopeful for oil prices necessarily, but the fact that the political "solutions" are so terrible makes me pretty bullish, everything that the politicians in the west are doing is just pushing prices up further.

[Anonymous No.51131530]

>>51131484
Yeah, it wouldn't make sense refiling them during winter, what I was saying is that there will not be significant US oil reserves to flood the market with, during the winter.

[Anonymous No.51131539]

>this vatnik script has been spammed multiple boards all day about Europeans freezing to death in winter

[Anonymous No.51131575]

>>51131539
It is not about the lack of house heating, but more to do with the lack of gas for industry and energy production, which will cause economic damage. And expensive gas is almost as bad as no gas.

[Anonymous No.51131587]

>>51131040
the US should literally bomb Saudi Barbaria and just take the oil

[Anonymous No.51131603]

>>51131539
>Europeans freezing to death in winter
Europeans are pussies and need a bit of cold to toughen up.

t.European, but not the homo kind

>>51131587
I would love that, oil prices will reach 800.000$ and I would by a V12 Lambo

[Anonymous No.51131641]

>>51131587
The US sort of did that in Iraq and Afghanistan. Literally had friends who protected and patrolled oil drilling sights and poppy fields while on tour. Some really weird shit happened during occupation. Lots of money changing hands to double agents in suspicious houses in the middle of the desert.

[Anonymous No.51131647]

>>51131603
>I would love that, oil prices will reach 800.000$ and I would by a V12 Lambo
but thats fucking wrong, retard

the US military will secure all of their oil infrastrcuture, all ships will be sailed accompoined by the US navy, their oil infrastructure will be pushed to the limits and maximum oil/gas will be pumped

the barbaric arab state will collapse on itself at the same time and no one will give a shit

[Anonymous No.51131652]

>>51115855
I used to work for GM, I'm pretty confident that EVs will never see wide adoption, GM can barely remember how to make an excellent gas automobile, let alone how to innovate a new product category and use a new fuel type, and frankly I think GM is the best of the big automakers including tesla so I don't see it happening

[Anonymous No.51131665]

I'm on the fence.

If by all accounts we're globally heading into a recession then this results in less demand for oil/gas..

The fuckery in Germany and Europe due to gas supply issues from Russia doesn't seem like it will raise the prices by a factor larger than the decline that will result from recession..

So if anything and as crazy as it sounds I think oil prices will go down..

[Anonymous No.51131692]

>>51131652
It’s not even the ineptitude of major car manufacturers that will stymie EV adoption. The main issue is the energy grid. It CANNOT sustain 50%+ EV cars on the road charging constantly. It is physically impossible to make that a reality without immediate infrastructure improvements and charging station rollout nationwide. And it wouldn’t be complete for a decade or more. In a recession, it’s definitely not going to start for another 2 years at minimum, so the “adoption” (forcibly if Biden and co have their way) timeline won’t happen for more than 5+ years passed their projected target. It’s just not feasible.

[Anonymous No.51131701]

>>51117935
>I like you guys, you have made me make money before.
Now I KNOW you're lying

[Anonymous No.51131749]

>>51131665
Oil and gas demand can only go down, up to a point. Europe will never have power outages or severely reduce the heating.
The woke retards closed the coal power plants and are against nuclear, severe drought in Europe and the Northern Hemisphere at the present, so no hydroelectric power. The power will have to come from gas power plants

Also, Biden will stop releasing the US oil reserves after the midterms, so no more oil reserves to flood the market with.

We are in for the perfect storm

[Anonymous No.51131766]

>>51131665
Demand is already very close to the bottom IMO, there is not much further to go, the upwards forces in oil/gas prices are much more brutal than the possibility of demand destruction. Europe is already using less energy than at any point in the last 10 years. But look where we are now. I think Buffett is right, fossil fuels arent going out of fashion, in fact the recent events have shown that renewables are extremely useless and unreliable without proper ways to store that energy. renewables themselves are barely competing in prices now, if you had to install storage solutions they would be 3-5 times more expensive. Its not happening.
cyclicality doesnt matter if you buy a strong company that can produce at low cost and that pays dividends every year, just buy more in the downturns.

[Anonymous No.51131796]

>>51115855
>Winter is coming
I own a coat, be cheaper to invest in some woolen knitwear.

[Anonymous No.51131815]

>>51131692
Yes but it's more than just the grid usage that's unfeasible, Tesla, GM, etc. have been hyping people up for years that EV's will have self driving, saying it's right around the corner but it's nowhere near close to ready. GM has no fucking idea how to make these cars stop driving into buses with pictures on them that look like roads (literally some wile e cyote shit) not to mention the fact that all the prototypes they have working now require $300,000 worth of sensors and $50,000 worth of graphics cards in them. Pick up truck driving muricans are never going to want them anyways and rich people are going to drop them once they realize they can't ever take their hands off the wheel or look away from traffic

[Anonymous No.51132038]

>>51131796
dont get this meme, I never needed heating, but without industry being able to produce, we are more fucked than a little frosty weather,

[Anonymous No.51132048]

Mostly in small caps
Upstream with some OFS and OSD tossed in

[Anonymous No.51133970]

>>51132048
Why have you bought so many Canadian companies?
Aren't Canadian oil companies at risk of the socialist Cuckdeau to fuck them with a windfall tax?

At least in America, the Demorats are going to lose the midterms and probably the next Presidential elections, so it's safe to invest there

[Anonymous No.51134091]

>>51131539
Middle IQ westerners discovering the words Vatnik and Hohol for the first time this year has been a disaster for internet discourse

[Anonymous No.51134193]

>>51115855
why not just stick to /cmmg/? I don't think there's enough traffic for another split commodity thread but you guys do you, I'm more interested in MOS, NTR, and other similar stocks myself but I am buying some CRAK here and there

[Anonymous No.51134221]

>>51133970
The legal precedent makes resource revenues predominantly a provincial matter.
I don't think the Trudeau government would risk an Alberta revolt triggering the destruction of the country.
The main problem with Canadian assets are the fact they're stranded with limited infrastructure. A lot of the current discount on WCS is also because the US SPR is releasing mainly medium sour. When that stops the differential between WTI may lessen.

[Anonymous No.51134326]

>>51131539
Read the thread. The only thing we care about is how we can profit from it. Same as any other geopolitical event. There is no room for emotions here

[Anonymous No.51134334]

>>51120970
>Also, we have have started building a lot more LNG vessels.
Kindly hint as to a building schedule if you are for real, because that is going to radically affect the domestic price of LNG.

[Anonymous No.51134343]

>>51134193
Oil and Gas will be a great play this winter and potentially make us good money, it does not make sense having them berried on the Commodities general.

Also, Oil and Gas are cool, the rest of commodities not so much

[Anonymous No.51134458]

>>51134193
CMMG tends to be monopolized by the mining people who are obsessed with the idea that their penny stock will turn out to be the next El Dorado. With all apologies to PanMan, I find it convenient to have our own. Also, it is remarkably intelligent and free of shitposting.

[Anonymous No.51134546]

>>51134458
People are returning to tradition and losing their money on scammy junior mining companies rather than shitcoins as it should be.

[Anonymous No.51134853]

>>51134458
>Also, it is remarkably intelligent and free of shitposting.
Thank you, I just started doing this Generals yesterday, this is the 2nd /Oil & Gas/ General, hope it keeps going and makes us all a lot of money

[Anonymous No.51135095]

>>51134334
shipyard anon here once again.
Normally, it takes 1 year of engineering followed by 1 year of construction (steel cutting, mechanical/electrical/piping installation and commissioning).
Currently in my shipyard, among the LNG vessel projects, we are leaning towards the end of engineering. Therefore I believe that it will take around 12months before we finally deliver the last batch of LNG vessels.
For the oil rigs, we are currently in the commissioning phase and are set to deliver 5 rigs by end of this year.
We are receiving enquiry for offshore substations (less complexed and relatively fast to build as compared to oil rigs and vessels) projects right now.
Despite all these being said, in my opinion (yes i know my opinion doesnt matter anons), these companies are buying these rigs and LNG vessels at a relatively cheap price.

[Anonymous No.51135120]

>>51135095
>set to deliver 5 rigs by end of this year.
Do you know which companies are buying them?

[Anonymous No.51135134]

>>51135095
Many thanks. Keep us apprised.

[Anonymous No.51135198]

>>51135120
yes ofcourse i do but i prefer not to say it for reasons. they are not only buying exclusively from my shipyard. they are quite a big entity that are buying from shipyards all around the world. I have no idea why they are doing this though.
i've tried to talk to them multiple times but i still couldnt figure it out. probably due to my autism

[Anonymous No.51135282]

>>51135198
It's one of the 3 American Supermajors (ExxonMobil, Chevron, ConocoPhillips), or it's a smaller one?

[Anonymous No.51135440]

>>51134343
This so much. Gold and silver niggers are gay as fuck. You can't heat your house or fuel up your car or turn on your PC with gold and silver. Useless fucking rocks pushed by jewish gold merchants.

[Anonymous No.51136625]

>>51133970
It's a factor, but just last week Granholm threatened companies in the US with an export ban in order to drive down domestic prices. There's always a severe political risk with oil&gas, no matter the country.
When I was doing my research I figured that these companies were undervalued enough with better assets to make up for Canadian political risk. The currency trade is an added bonus. Biggest headache is that they keep blocking LNG projects and pipelines so AECO prices stay low compared to TTF/NBP
Besides, while those companies are mostly based in Alberta and traded on the TSX, their oil&gas is not necessarily there. It's a pretty globally diversified portfolio.
Crown Point is Argentina, Forza is Kurdistan, Frontera is Colombia/Guyana, High Arctic is PNG, Jura is Pakistan, Orca is Tanzania, Petrotal is Peru, Valeura is Thailand/Turkey, Vermilion has assets all over the place.
I'm much more worried about the political risk in Kurdistan or Colombia than say, Whitecap's Montney assets.

[Anonymous No.51136654]

>>51135440
Goldbros will come up on top.

We always do.

[Anonymous No.51136866]

>>51133970
I honestly dont see it. Republicans somehow managed to be even worse in attracting voters than democrats led by utter grifters. Republicans would rather rally around forcing 10 year olds to carry a rape baby, than to try and do good policy

[Anonymous No.51136925]

>>51116250
no. the price of the dollar relative to a basket of other currencies does not make more oil come out of the ground, or appear in the inventories at cushing or in the SPR.
there is absolutely no reason for us to export -- have you seen energy prices? we are not stuck trying to sell oil to foreign retards who cannot afford our currency.
and more generally, the trade imbalance has never stopped us doing what we want. the fed does not have to change any target rate to directly monetize US debt. they can just do it, and when their official target rates aren't hit, they can just shrug and say "oh well we'll keep trying" and everybody buys it.

[Anonymous No.51136939]

>>51117935
>the currency is literally dying but no i can't just get a loan to fund these GUARANTEED PROFITS
lmao you tried tho

[Anonymous No.51136951]

>>51120728
thanks but archive is much better. they can vanish or alter articles, and, you'll realize you often need to refer back to things from years ago.

[Anonymous No.51136971]

>>51129406
>wish I had the foresight to see this coming, but honestly, who could have back in 2020
me, warren and charlie, carl icahn, probably a couple other hedge fund managers

[Anonymous No.51136991]

>>51135440
you turn your PC on with gold, dumbfuck. PCB traces are gold.

[Anonymous No.51137337]

>>51136971
Well what do you recommend we do now? Anon of Omaha

[Anonymous No.51137516]

>>51131236
>Democrats are going to lose the midterms so no socialist shit from them during the winter.
And they lost the election too you fucking retard but luckily for them they rule over a population retarded golems

[Anonymous No.51137785]

>>51134343
>>51135440
>cmmg invests in fertilizer, wheat, and shipping
>why buy this when you can buy tesla and bitcoin???
>cmmg invests in oil and gas
>why buy this when money is to be made on the chain shortage???
>cmmg invests in silver and gold
>why buy this when there is an energy shortage???

[Anonymous No.51137986]

>>51137785
Silver and gold usage is dwarfed by speculation so it's really a dumb idea to invest in them. Go back to cmg please you fucking gold kike.

[Anonymous No.51138172]

>>51137986
You realize they hold down the price on purpose? It is as speculative as oil and gas is right now. Bitcoin was created as a distraction from pms. Retards bought up digital currency when silver and gold started going up after the 2008 financial crisis and people lost faith in central banking. Then crypto came and said it was new improved gold and people lapped it up like idiots. As crypto lost 60% of its worth, gold lost about 9%, a true hedge and bullet to central banking. There was a time people here said oil and gas was finished, we are in the green age and called us delusional. Just like gold and silver, you won't buy in early and instead be the idiot who settles for a 10x while we are getting a 100x.

[Anonymous No.51138184]

>>51138172
pls shut the fuck up and go back to cmg, this is exactly why nobody goes there, endless schizo ramblings

[Anonymous No.51138508]

>>51138184
And oil and gas were seen as schizo ramblings until not long ago, now you people want to FOMO in.

[Anonymous No.51138515]

>>51137337
uranium is next.

[Anonymous No.51138532]

>>51137986
>>51138184
you need 10% of your portfolio in 1oz gold coins. choose the mint of the country you live in. buy "random year."

[Anonymous No.51138690]

>>51138184
You will literally never make it. Glad to know there's people like you out there to buy my bags though, it's appreciated

[Anonymous No.51138700]

>>51138508
>>51138515
>>51138532
Don't try to help these people. Leave them where they are.

[Anonymous No.51138789]

>>51131539
The eu imports 70% of it's gas 50% from russia 20% from uk and norway both non eu members.

Bongland already has the worse energy prices and norway is larping some gas "maintance" to disconnect from the eu energy system at the moment when nations are building their reserves.

Sou you could be talking about a 70% of decrease of gas flow to the eu ,23% of the eu energy is from natural gas so you could see a 15% massive decrease in energy.

However the part they are not saying is that 35% of the other non gas energy used in the eu is crude oil not gas.

and of that 35%, 30% comes from russia

so to that 15% decrease in gas you could be adding a 11.5% decrease in oil, so you are talking about a 25% hole in the eu energy.

On top of that you have to add the fact that not all pipelines are reversible and only flow one way so russia could bully some eu nations into doing whatever the fuck it wants.

It's pretty fucked up and french nuclear is working at 50% capacity for some reasons.