Oil, LNG, Apple, And Buffett -- April 3, 2023

Locator: 44292B.

$100 oil. Link here.

Russia's flagship product: link here. The Chinese were stocking up. I don't know if $47 is before or after a) insurance; b) transportation costs (takes another $2/bbl off quoted price); c) kickback to oligarch.

AAPL: absolutely the last thing I expected. Link here.

Buffett: will steal the show in 2Q23. Link here.

When you have someone sitting on $130 billion in cash, as Buffett is, any word on bank valuations, if Berkshire considered doing deals for troubled regional banks, and government actions to save financial institutions will carry tremendous weight.

And it's not just the money aspect here, it's Buffett's knowledge of the banking system that further ups the intrigue.

Buffett saved Solomon Brothers in the early 90s after a trading scandal. He gave a lifeline to Goldman Sachs during the financial crisis. And he is a top shareholder in several financial stocks, including American Express, Bank of Americ, Citigroup, and U.S. Bancorp.

‌ What Buffett may say on high-profile tech holdings HP, Apple, and Amazon — where CEO Andy Jassy is increasingly on the hot seat — could come as the tech trade stays in favor beyond the first quarter. Some have even begun musing tech is this year's safety trade, and we're curious on how Buffett sees it.

Buffett investing, link here. Nothing new; a version of this story has been told several times in the past three months. This is Motley Fool's take. Most interesting is ATT being one of the three. Of 15,000 public companies, to be one of three listed is pretty nice. I've mentioned before that I park money in ATT pending other investments:

LNG: another huge market opens up. Link here.