Happy New Year everyone. I thought we should send this year off with a bang by just recapping some of my favorite charts from 2022. It’s like trying to answer the question, “which one of your kids is your favorite?” That being said, just like I tell my real kids, “I love you all just in different ways.”
Ok I hear you but thinking they may have finally proven to investors they have discipline in the face of higher prices…we’ll check back in 6-9 months :)
This all looks awesome and I love charts but I have not had nearly enough coffee this morning to understand this! 🙂 Will look up CC online too - lots of cool research here.
Very good. Reading this stuff is far more satisfying than reading about sissy green energy. Chart #21 looks like a possible descending triangle going back 25 years or so. This might project lower crude prices...but how low? Breaking the base of the triangle would mean prices going below $20. I don't see that happening. A return to the $50/60 area seems more likely especially if the world's economies continue to falter.
I love watching movies and reading about the wildcatters way back when. The risks, adventure and numbers of it all continue to intrigue me. Thanks, I am glad I found this site. There's no pandemic and covid crap to filter through...lol.
just wondering on your chart 16...do you think that the newly practiced discipline to conserve capex, increase dividends, share buybacks etc. and exercise some balance sheet conservatism rather than "drill baby drill "will change that historical PE compression in up cycles? My thesis is that investors will pay up a bit for the 'new' kind of energy company and we could finally see a PE expansion with steady to rising prices and energy would occupy a larger slice of the S&P?
Ok I hear you but thinking they may have finally proven to investors they have discipline in the face of higher prices…we’ll check back in 6-9 months :)
This all looks awesome and I love charts but I have not had nearly enough coffee this morning to understand this! 🙂 Will look up CC online too - lots of cool research here.
Very good. Reading this stuff is far more satisfying than reading about sissy green energy. Chart #21 looks like a possible descending triangle going back 25 years or so. This might project lower crude prices...but how low? Breaking the base of the triangle would mean prices going below $20. I don't see that happening. A return to the $50/60 area seems more likely especially if the world's economies continue to falter.
I love watching movies and reading about the wildcatters way back when. The risks, adventure and numbers of it all continue to intrigue me. Thanks, I am glad I found this site. There's no pandemic and covid crap to filter through...lol.
Awesome charts - thanks for sharing!
just wondering on your chart 16...do you think that the newly practiced discipline to conserve capex, increase dividends, share buybacks etc. and exercise some balance sheet conservatism rather than "drill baby drill "will change that historical PE compression in up cycles? My thesis is that investors will pay up a bit for the 'new' kind of energy company and we could finally see a PE expansion with steady to rising prices and energy would occupy a larger slice of the S&P?
Excellent analysis. Many thanks.