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COMMENT
Natural gas versus oil. There has been consolidation of the natural gas producers so there is supply discipline. Demand, the summer has been hot. In Europe, there are energy shortages. Outlook in LNG is good. We may see some seasonal sell off. The winter, if cold, will push natural gas higher. How long will current prices last and when will the supply response come? Gas to oil switch in the UK is coming.
Unknown
BUY
Had trimmed his position in the high $3 range. Bought back in around the same price. It is small but it is deep value. This is where the multi baggers are. While the market cap may be small, the asset base is good. Expects them to be massive returners of capital. Next year, could trade at 2.2x cashflow. Could initiate dividend and buyback.
oil / gas
DON'T BUY
Their debt has always been an issue. Trading at in-line levels for their multiple. Does not check his boxes in his fund.
oil / gas
BUY on WEAKNESS
The execution has not been great. The asset reliability has come into question. The stock has lagged. Bought shares yesterday. There has been strong interest by generalist in the sector and since expectations are so low for SU, they could see SU as an attractive option.
integrated oils
COMMENT
Can see a 40% upside here. Goal is to pay down debt and stream out the free cashflow. The inventory depth of the asset, it is trading at 18% free cashflow. Future dividend is possible. Everything looks good in the sector, so you must chose the best option.
oil / gas
COMMENT

The market this week Flat is the new down. There isn't negative news, and Evergrande on Monday was merely an excuse to sell. The market won't pull back dramatically. She expects to buy stocks she missed earlier at a cheaper price soon. The market will be flat for a while. Remember that markets are up nearly 20% YTD and 30% in 2019 and 18% in 2020. All these gains are making investors a little nervous. So, they are stepping out and moving a little more money into cash, not not bonds (no income). The market is bifurcated between stocks trading around 30x and other around 13x.

Unknown
BUY

She's owned this for a year since Disney was at $124, based on a thesis that Disney would ultimately earn $10/share, which is taking a little longer than expected. When it does, DIS will be trading at 18 or 20x, slightly lower than the overall market. She bought it as a long-term hold. She doesn't trade it. Disney deserves a premium valuation given a strong CEO and their amazing products. The theme parks are returning despite Delta.

entertainment services