Most Interesting Energy Twitter Observation -- August 29, 2022

Later: my bad. I had forgotten that I unfollowed GasBuddy. He was becoming way too annoying.

Earlier:

Most interesting twitter observation over the past three days.

The #1 energy apologist for the Biden administration is GasBuddy. For the past 51 days, GasBuddy has tweeted not less than four times daily on average crowing that the price of gasoline had dropped another penny per gallon.

Today? Crickets.

Not one tweet over the past three days from GasBuddy....

... now that crude oil is surging, and gasoline prices are likely to follow suit even as the US driving season ends. 

I'll keep watching. So you don't have to.

WTI is up over 4% today; up almost $4.00 / bbl and now trading just below $97. 

Reminder: most shale operators quote a break-even price of $40 or thereabouts.

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Meanwhile

This should be a stand-alone post, but this seems okay to post it here. 

Link here. 

So, why are oil companies trading at such a low multiple?

ESG.

Many fund managers are prohibited from investing in "ESG" stocks.

Or, however you say it.

Most interesting? A lot of those funds are reassessing their policies.

Reminder: Devon is the fastest growing oil company in the US.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.   

I'm lovin' it.

By the way,  I bought more shares in a semiconductor company today. It took all the willpower I had to "skip" DVN but I was maxed out in energy, and the semiconductors are on sale for those with a 30-year horizon. 

Judah and Levi don't know it yet but they have a few more shares in technology.