Goldilocks -- Investing -- July 27, 2022

Before we get started, that "chips" bill: way more than advertised.

• TSM: up 3.4% today; up $2.84; trading at $87.26.
• not even going to look at NVDA
  

A few days / weeks ago, we agree on two things:

• the sh*t would hit the fan in July; and,
• investors would experience a "goldlilock's" moment.

The sh*t hit the fan in Europe; and

• investors completely ignored Fed action today:

Ten best energy stocks for inflation, link here;
NASDAQ up almost 300 points even after Fed raises rates 75 basis points;

10. SO
9. PSX
8. HAL
7. EOG
6. CVX: best of breed, Michael Fitzsimmons.
5. Enphase (ENPH)
4. SLB
3. DVN
2. OXY
1. COP

From the CVX-Fitzsimmons link:

• Chevron is set to grow production to 3.5+ million boe/d by 2026, an increase of ~400,000 boe/d as compared to the 3.1 million boe/d expected this year.
• Most of that growth will come from Chevron's legacy no- or low-royalty tier-1 position in the Permian Basin and from Tengiz expansion projects in Kazakhstan.
• Longer term, Chevron has excellent offshore nat-gas growth potential in the Mediterranean Sea due to its acquisition of Noble Energy and the EU's need for new natural gas supply.
• Chevron is due to release Q2 results this Friday (July 29) before the market open. Over the past 90 days, EPS estimates have risen by over $1 to $5.10/share even as the stock dropped ~10%.
• Chevron's capital discipline, improved cost efficiencies, and strong asset base have positioned the company as best-of-breed among the international integrated companies. CVX is a BUY.

Refiners:

• if you can't see the fallacy in this, you have not analytical capability; sorry, not sorry
• comments are heavily moderated, so don't even try. LOL.
  
• link here.

No clue: