Blog
THE AI REVOLUTION NEEDS ENERGY
US natural gas demand is growing to supply data centers and LNG exports. We believe midstream energy infrastructure offers predictable cash flows to investors.
Betting On High LNG Prices
Venture Global (VG) reported 3Q26 earnings of $2.5BN last Tuesday, making its $30BN market cap look oddly cheap. A one-time interest rate swap gain of $1.4BN was significant, but even adjusting for that the stock closed at less than 7X annualized earnings following their quarterly release. After a day’s consideration, analyst forecasts and the stock […]
Another Way Out?
Few of us give much thought to Syria. The country has no oil, mostly exports asylum seekers to Europe and is now run by religious extremists following a decade of civil war. If you live in America, Syria doesn’t matter. This simplistic view was challenged last week in a presentation at the Naples Council on […]
The Blue Wave
Republicans may be reeling after the midterms, but energy investors should remember that the sector has done at least as well under Democrats as Republicans. US energy exports continue to grow. Our gas is abundant and cheap. Fundamentals matter.
The Shale Revolution Up Close
I’ve always wanted to visit an oil rig. It’s not easy. They don’t want every investor showing up and being a nuisance, distracting workers and getting in the way. Fortunately, Aaron Irving of Carlsbad, NM, a long-time investor, kindly offered to set up a visit through a friend of his, Arsenio Jones (EHS Field Supervisor) […]
Oil Markets Price In Higher For Longer
Since the Iran War began at the end of February, oil analysts and industry professionals have been warning that the price of crude was increasingly likely to move sharply higher. Storage is depleted. Tanker traffic through the Strait of Hormuz fluctuates with the success of Iranian attacks. Spot crude was recently back at the highs […]