WTI

Insider Buying Week 10-10-25 Tightrope walk in a Hurricane

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Last week felt like a tightrope walk in a hurricane. The market flirted with euphoria early on, thanks to AI-driven headline deals (AMD’s tie-up with OpenAI lit a spark), but all that optimism blew up in our faces by week’s end. I still think that the next financial meltdown will be caused by one of the following factors: 1.Sam Altman 2. Donald Trump   Friday was the sucker punch. Trump floated a 100% tariff on Chinese goods in retaliation to China’s new export controls on rare earths — markets didn’t just recoil, they slammed the floor. Tech names (especially semis) … Read more

The Willing Suspension of Disbelief- Insiders are Scarce Week Ending July 10th

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 Insiders buys were far and few in between last week. You can see them at this link to the trades- The most notable and outlandish was Harold Hamm’s monster buy of $47.6 Million of Continental Resources CLR at $17.77.  This is all the more remarkable since June, Hamm has bought $178 Million of this beleaguered oil and gas Bakken fracking pioneer.  Hamm has tons of this stock. Hamm is a big supporter of Trump who as much as he professes his love for the industry, the price of crude has cratered on his regime. Perhaps he feels oil will … Read more

Notes from Enercom 2012

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First of all men’s suits are back in force.  Everyone is wearing a suit.  My big takeway besides men’s haberdashery is that every single company presenting (and there are a lot of them- just about every oil and gas company you never heard of plus a few majors like APA, APC, Petrobras, etc.) is talking about how they have aggressively switched away from drilling for natural gas to oily liquids.  Everyone is bragging about how fast they are making the transition.  Considering it is currently against the law to export raw crude from the U.S, there will undoubtedly be a … Read more