$EVC

Insider Buying Week 11-10-23 Another Week of the Impossible Possibility

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Barron’s magazine cover read, “Clean Energy Stocks have collapsed,” but it’s not just clean energy.  It’s all energy.  The fossil fuel kind, traditional energy, continued its dismal fall performance as demand concerns and the fear of recession crushed the good and “bad” kinds of energy.  It seems impossible to have it both ways: green energy investments collapsing, and oil and gas stocks faltering, but that’s our world. Powell hints at interest rates stabilizing or even coming down, and the market takes off.  It didn’t take long for the drop in interest rate rates to collide with reality, the never-ending U.S. … Read more

Insider Buying Week 8-11-23 and the Summer Doldrums

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We are not surprised by the momentum of the oil and gas sector, as it was only a matter of time before its strong fundamentals collided with short sellers and skeptical money managers. We wrote last week about the strong signals from Exxon’s latest quarterly earnings. Activist Exxon board member Jerry Ubben’s purchase of Exxon may have been the biggest act of his illustrious career.  CEO Darren Woods is transforming  Exxon into a juggernaut of earnings  AND the undisputed heavyweight of both hydrocarbons, renewables, and carbon capture. Its stands to dominate all.  According to Woods, there is no reason for … Read more