Videos Of The Week
Iran Kicks Off, The Future Of The US, The State Of Offshore And The Wartime Footing In The Commodities Sector & Three Quick Company Updates
The biggest news this weekend is obviously the strikes on Iran, and it is going to be interesting to see if things spiral from here. Iran has confirmed that Supreme Leader Ayatollah Khamenei was killed in the strikes. I usually wait a couple days to see how things shake out, but with the talk this weekend about the Strait of Hormuz and the the different retaliatory strikes, I think this might be a little different than the operations in Iran last year. I’m curious to see what the reaction will be in the energy and shipping sectors will be on Monday, but we are just two months into 2026 and the geopolitical chessboard has been changing quickly.
I also had my debut on Tommy’s Podcast yesterday. We talked a little bit about Iran (with the information we had yesterday morning), but we spent more time on the future of the US, why we are optimistic despite all of the problems we have, and the potential for an American Golden Age. If you want something to listen to on some of the big picture problems, but also the opportunities, we have here in the US, you might find it interesting.
Esgian Rig Webinar
For anyone interested in offshore oil services, this one is definitely worth a watch. They shared their outlook for the drillship market and where things stand after the recent announcement of the Transocean RIG 0.00%↑ - Valaris VAL 0.00%↑ deal, and pointed out that all six of the 7G drillships that are currently cold stacked will be owned by Transocean after the deal closes. They talked about the nuances of the setup for drillships compared to semisubmersibles and harsh environment semisubs, which is a little different for each category as far as contracting and utilization. The other thing worth highlighting is that there are no new drillship orders, and when do start seeing those, they will probably take $1B or more and will be at least 5 years to deliver. For quarterly updates on the sector, Esgian is definitely worth a follow when it comes to offshore.
Mining Stock Daily w/ Jamie Holman
For anyone interested in the ongoing capital rotation, this one is the one for you. They talk about how software as a service is being disrupted by AI, the CAPEX explosion for the hyperscalers, and where money is going to flow next. This has been leading to the revenge of the old economy that some people have been talking about for a couple years, and the structural deficits that are built into many commodities. They also covered the changing market perception for some of the smaller mining companies, the large streaming/royalty deals that have happened recently, and how none of the miners are pricing in spot for the metals. The other interesting development is Tether’s involvement in gold specifically, along with some of the royalty companies. The last piece they touched on was critical minerals, the Vault Project, and why the government support for some of these projects is bipartisan in the wartime economy we find ourselves in.
