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Sunday, April 17, 2022

Sunday Night -- Notes From All Over -- Energy And Otherwise -- April 17, 2022

Oil, Sunday night -- on a weekend in which the Biden administration is seriously considering sending US troops inside Ukraine ...

  • Brent: up 1.05%; up $1.17; trading at $112.90;
  • WTI: up 0.86% up 92 cents; trading at $107.90.
  • natural gas: up 3.41%; up 25 cents; trading at $7.55 

ATT: a long time coming; worth the wait. Link here, Barron's via Yahoo!Finance.  

Investors now have a pair of inexpensive stocks to consider: The leaner AT&T (ticker: T), focused on competing in the U.S. wireless and home broadband markets, and the streaming-centered entertainment company Warner Bros. Discovery (WBD). And then the paywall. 

Motley Fool: could WBD become the next Netflix? At the end of the day, it's comparing apples and oranges, and thus even asking the question is a flawed comparison. But then Motley Fool adds this: 

WBD's enterprise value stands at just seven times its adjusted EBITDA target for 2023. Netflix trades at 17 times its adjusted EBITDA for the same year, while Paramount trades at 10 times its adjusted EBITDA.

Based on those valuations, WBD looks very cheap relative to its peers. However, investors should remember that WBD -- like Paramount, Disney, and Comcast -- isn't a "pure play" streaming company like Netflix. 

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