Energy -- Just Getting Started -- June 26, 2022

Biden has just arrived in Europe for G-7 meetings.

Germany is in deep doo - doo. No links. Stories everywhere. Watch what comes out of the upcoming G-7 meeting.

• link here.
• Is President Biden attending? Yup.
• the talk in the hallways will be all about SCOTUS
• the talk in the restrooms will be all about Putin
• public meetings: all about energy

Mexico:

• links everywhere; here's one;
• new refinery will break the bank;
• this is what happens when politicians run Big Oil

Brazil:

• PBR on its way to yielding (dividend) 100%
• will set a new bar for rewarding shareholders
• will US shale meet that bar? LOL. Here's hoping.
• link here.

US oil:

• short-covering last week; link here. 
• tread carefully; end of quarter; end of month; July 4th weekend

Inflation: a mis-read by the Fed? 

• link here
• inflation now appears to have eased from earlier reports that inflation was at 14-year high
• tells me two things
• we've been here before -- fourteen years ago
• the Fed is confused; as we all are

Kellogg: nothing to do with energy but huge story

• splitting into three companies;
• links everywhere; here's one;
• Kellogg ticker (K), last:
• up 2%
• trading at $71
• 52-week high: $76
• P/E: 16
• div: 3.3%
• mkt cap: $24 billion