Charting the world of investing since 2010.
Joined April 2022
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MapleBarrelAlpha retweeted
BREAKING: Yemen's Houthis announce they just struck Saudi Arabia's East-West crude oil pipeline and multiple of its pumping stations, as well as 6 other Saudi targets, including Saudi Aramco oil facilities.
This sounds promising. Canada deal before midterms?
I am pleased to have secured additional tariff exemptions products crucial to Maine’s agricultural industries, including blueberry, potato, apple, and seaweed producers.
Many of our farmers and growers rely on specialized equipment, packaging materials, and other products from Canada that are either unavailable from American suppliers or cannot be replaced without incurring significant expense.
In my repeated conversations with Ambassador Greer, Secretary Lutnick, and other senior Administration officials, I have asked for tariff relief for these important products and I will continue working directly with Administration officials to seek additional relief and encourage a broader trade agreement with Canada, our neighbor, ally, and largest trading partner.
MapleBarrelAlpha retweeted
They have arrived! Sutter’s “The Code of the West.” Some of the best stuff is in simple concepts like “truth hurts, truth helps.” Talks about trying to guide an early, passionate Jarome Iginla (with truth!), dressing rooms and culture, and family. indigo.ca/products/the-code-…
MapleBarrelAlpha retweeted
Congrats to Brady Tkachuk for finally scoring a goal in a big game where the Sens got a win.
There's a first time for everything
MapleBarrelAlpha retweeted
Is Cenovus the new CNQ?
Veteran value investor @KimSharingValue of Sionna Investment Managers picked Cenovus Energy (CVE.TO) before it doubled—and she believes there's still more upside ahead.
Cenovus remains one of her largest holdings at roughly 5% of the portfolio. In fact, Shannon sold Canadian Natural Resources (CNQ.TO) in favour of Cenovus, believing it offers greater growth potential.
She points to a highly regarded management team with significant skin in the game, a strong track record of acquisitions, and potential benefits from changes to Canada's energy regulations and tax regime.
With oil around $100 a barrel and consolidation reshaping Canada's energy sector, could Cenovus become the new gold standard for Canadian oil stocks?
Watch the full episode of In the Money with Amber Kanwar! youtube.com/watch?v=QYdI010V…
#Cenovus #CNQ #CanadianEnergy #OilStocks #Investing #TSX
MapleBarrelAlpha retweeted
Wow, SPR drainage resumes as we speak?😳🪒
API Inventory Moves 10/14 (including the rest of the data)
Crude -11.12 million
Gasoline +1.1 million
Distillates -1.5 million
Cushing +1.823 million
SPR actual +0
#oott #crudeoil #gasoline #distillates #API
MapleBarrelAlpha retweeted
We have in our energy strategies for the past ~2 months been defensively positioned. YTD returns have been solid and we feared bad energy policy from the WH (diesel export ban, etc.) ahead of the US mid-terms. With only 20 days to go to the election, we think that risk has been largely eliminated. The 2027 WTI strip is $84 offering eye-watering free cashflow yields for some, the situation in the Middle East continues to worsen with no end in sight, and for the first time in a decade we have a Canadian Government that is supportive of the energy sector. Despite some stocks appreciating by 70%+ YTD and making all-time highs, they are in some cases cheaper today than they were on January 1st. Given this, we have been deploying some of our cash, and continue to believe that we remain in a multi-year bull market for energy stocks.
This was a great listen as always. @Cole_Smead isn’t just Canadian Energy, but he does love his SAGD!
🚨new episode 🚨
Cole Smead nailed the energy trade when few investors wanted anything to do with the sector
Can the gains continue? As the US-based value fund manager sets up shop in Canada, where is @Cole_Smead finding his next big opportunity?
TUNE IN NOW! (Video will drop here later today)
inthemoneypod.com/podcast/co…
MapleBarrelAlpha retweeted
Just now, David Eby confirms that he has his kids in $10/day taxpayer-subsidized daycare.
Approx. only 10% of BC daycare spots offer $10/day daycare. Most families who want in can't get a spot.
As Premier, Eby earns $227k/year. Eby's wife is a doctor. Their household income is likely well over half a million dollars per year.
We don't resent British Columbians who are successful (we want more people to succeed).
But where there are wait lists, surely a wealthy family like Eby's shouldn't be taking advantage of $10/day daycare. Think about a working single mother? David Eby deserves the spot more than her?
MapleBarrelAlpha retweeted
RUSSIA HIT KHARKIV’S MAIN POWER PLANT HOURS AFTER TRUMP ANNOUNCED AN ‘ENERGY CEASEFIRE’, WITH ZELENSKY CONFIRMING THE HIT ON CHP-5 — A MAJOR HEAT-AND-POWER FACILITY — AND SAYING RUSSIA CARRIED OUT MORE THAN 200 ATTACKS ON UKRAINIAN ENERGY INFRASTRUCTURE IN THE PAST WEEK ALONE, KILLING MORE THAN 150 AND INJURING OVER 700
MapleBarrelAlpha retweeted
Trump used tons because it makes the number sound bigger.
Even if true, that's 0.12 million b/d in November.
So funny.
MapleBarrelAlpha retweeted
Oil prices are being whipsawed by geopolitics, while consolidation in Canada's energy sector is accelerating. This week, Cenovus announced a $5.7B deal to buy Athabasca Oil.
Who's next? And where are oil prices headed?
@Cole_Smead of Smead Capital Management joins us on In the Money.
What should we ask him? 👇
Coiled Spring. Be Ready.
Chris Wright this morning - Oil prices are falling
EIA at midday - hikes oil price forecast for the next 6 quarters.
#OOTT
