Videos Of The Week
Videos Of The Week
Iran Retaliates, Negative Natural Gas Prices In The Permian & Issues On The Horizon
It’s been an interesting weekend to say the least, with Iran retaliating for Israel’s missile strike on their embassy in Syria. Twitter was full of hot takes with Iran’s drone and missile operations this weekend, and it’s hard to filter through the noise surrounding the event. I don’t jump to conclusions on stuff like this, but I would rather come to the right conclusion instead of being the first. Again, I would like to point readers to Mark Wauck’s Meaning In History, who has been putting out frequent updates on the situation.
I’m curious to see how markets react this morning, but I don’t think this is the end of heightened tensions in the Middle East. I have seen a couple people estimate the cost of the air defense at $1B or more for Israel, while the Iranians spent $50-100M on the drones and missiles. These figures could be off for a variety of reasons, but from what I have seen, it looks like the air defense was significantly more costly for Israel (and the US) than the attack was for Iran. Other people have speculated that the attack was more theater than substance designed to feel out Israel’s air defense capabilities, but it will be a situation worth watching for sure.
Wall Street For Main Street w/ Christine Guerrero
This was one of the more interesting videos I have seen on energy markets recently. They discussed what is going on in Texas as far as pipeline capacity and other factors impacting natural gas. More recently, the natural gas price at the Waha Hub in the Permian Basin went negative, so we will see how things play out on that front. It is said that low prices are the cure for low prices, but it’s hard to say that for sure when natural gas is a byproduct of oil production, and wells in the Permian have continued to get gassier over time. They talk about the Permian supply potentially rolling over, and the natural gas pipeline capacity being a constraint for increasing production into the summer.
Like I have said before, I’m not going to try to pinpoint the exact time that the Permian Basin will roll over, but I don’t think we will be talking about Permian production growth in 2026. They also discuss their skepticism on the accuracy of government statistics around the energy sector. In my opinion, it’s similar to the CPI in that government agencies producing energy stats have an agenda, and they go back and revise pieces from previous months after the headlines have passed. There’s a lot of good information, but I have a hard time trying to poke holes in my own bullish thesis on oil over the next couple years listening to videos like this. If you’re invested in the offshore oil services sector, this video will be music to your ears.
Value After Hours w/ Porter Collins & Vincent Daniel
I enjoyed listening to this one and they discuss a lot of the big picture issues going on, as well as briefly touching on some individual stocks they find interesting. They see a lot of issues coming on the horizon, and I think a lot of investors are going to get caught offsides in the next couple years. This one’s worth a watch for anyone who wants to look at some of the important moving pieces in today’s financial markets.
The way we’ve played it (inflation) and we own value, we have some growth names too, but we own everything in the periodic table. We own coal stocks, we own oil stocks, we own metals, we own uranium, we own financials, we own shipping.
- Porter Collins