Posted on 03/26/2022 12:29:31 PM PDT by lasereye
Some people are climate change skeptics, and others are climate change skeptics with extreme prejudice.
It's probably safe to count Real Money Columnist Jim Collins among the later.
"In my world, humans are killing each other, not the planet," Collins wrote recently on Real Money. "And the insane 'green' strategies of its leaders, especially in Europe, serve to enrich the lunatic who is doing the killing,” he added.
Collins argues that investing in big tech now requires that investors believe Putin is 'just kidding,' in Ukraine, that Fed Chief Jerome Powell and colleagues are 'all over' the inflation problem and "Not only is the 4.5 billion year-old Earth suddenly 'melting,' but gullible voters will keep electing politicians who push this unscientific nonsense."
All of which points to his creation at the beginning of the year of his HOAX portfolio of 10 hydrocarbon plays that has risen 29.8% since its inception date. Ever the gentleman, Collins uses Cathhie Wood's Ark Portfolio as a benchmark, and says it's fallend 33.7% in the same period.
“It's about avoiding Putin's rubles and applying common sense,” Collins wrote. “The companies in HOAX have never killed anyone. To create an apocalyptic mythology to try and guilt people into avoiding investing in them is the height of stupidity.”
The 10 stocks in Collins' HOAX portfolio:
Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report
Antero Midstream (AM) - Get Antero Midstream Corp. Report
Arch Resources (ARCH) - Get Arch Resources, Inc. Class A Report
Peabody Energy (BTU) - Get Peabody Energy Corporation Report
Suburban Propane Partners (SPH) - Get Suburban Propane Partners, L.P. Report
Cheniere Energy (LNG) - Get Cheniere Energy, Inc. Report
Flex LNG (FLNG) - Get FLEX LNG Ltd Report
Chevron (CVX) - Get Chevron Corporation Report
Petrobras (PBR) - Get Petróleo Brasileiro SA Report
Tsakos Energy Navigation Series F (TNP-F) - Get Tsakos Energy Navigation Limited Cum Red Perp Pfd Registered Series F Report
According to Collins, the coal names have significantly outperformed, and he probably wouldn't buy Arch and Peabody at current levels.
“But I am actively reinvesting clients' divided payments into the other eight names,” he said. “Antero Midstream is the safest of that cohort, and its 8.9% yield is not only incredibly attractive, but also incredibly safe based on the cash flows that AM generates.”
What’s in Your “Ammo Box?”
I hold EOG, FANG, and VLO.
And CF as an indirect play.
Bookmarked for later.
Bkmark for later
Bkmk
I own CF.
I’ve made a lot of money riding the roller coaster that is CVX and COP. By low sell high!;-)
Hi.
Between you and me, we need to drop the “fossil energy” nomenclature. Or fossil fuel. The dinosaurs didn’t make this stuff. All of it is abiotic. Produced by the earth.
For example, delpeted oil wells produce again. New deposits of coal form again. Exploration discovers new deposits of natural gas etc.
No dinosaur involved in fossil fuels.
This has been a PSA.
5.56mm
i know what you mean by roller coaster:
i put a third of my liquid net worth, all in IRAs, in SHEL in early 2020 when it was selling for $24.00 and have made a killing, including dividends ... but have been repeatedly tempted to play the roller coaster ...
are you doing it with options? near-the-money? 90 day time period? puts? calls?
I agree. The assumption that they are the product of dinosaurs doesn’t make any sense. How did the oil deposits get miles beneath the ground? How could the quantity be so large? Were there really that many dinosaurs?
Been saying that for years. “Fossil fuels” do not exist. Petroleum, yes. Fossil fuels, no. Just because animals and petroleum derive from organic material does not mean that one is the source of the other. As water was created by God to sustain life, petroleum was created for the same purpose. Yet the lefties/Democrats/liberals discount its unique properties in this regard. Oh well...they are insane, after all.
And most likely a very correct one.
I have drilled countless wells in margins near tectonic activity. The Indonesian archipelago for one, South China Sea off Vietnam for another and then there is the Cyril Fault.
Sir Thomas Gold was ridiculed roundly for his abiogenic origins ideas in the 70s and 80s. Subduction and heating likely play a huge part in hydrocarbons.
bmp for lr
Just by low and sell high. They are very predictable. Don’t really have time to work the more complex stuff.
“Just by low and sell high.”
haha ...
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