That Tower of Babel line is great. I fear uranium and, to a lesser extent, nat gas and coal stocks have become levered to the AI trade. Look how much they declined during the DeepSeek scare in January. I am a big fan of the Canadian energy stocks and recently bought VET. Have owned SU for a long time.
Hi Steve, thank you for the update! I share many of your views, but as much as I consider E&P cheap I think that in the debate we do not talk enough (or at all) about the fact that one day Russia may come back to the market. Their low breakeven doesn’t concern you at all? The West will try to be disconnected forever from Moscow’s supplies?
That is a threat to the energy market. But even if peace were declared, it's not clear if the sanctions against Russia would remain or not. The European war hawks might keep sanctions on until Putin dies of old age.
That Tower of Babel line is great. I fear uranium and, to a lesser extent, nat gas and coal stocks have become levered to the AI trade. Look how much they declined during the DeepSeek scare in January. I am a big fan of the Canadian energy stocks and recently bought VET. Have owned SU for a long time.
Hi Steve, thank you for the update! I share many of your views, but as much as I consider E&P cheap I think that in the debate we do not talk enough (or at all) about the fact that one day Russia may come back to the market. Their low breakeven doesn’t concern you at all? The West will try to be disconnected forever from Moscow’s supplies?
That is a threat to the energy market. But even if peace were declared, it's not clear if the sanctions against Russia would remain or not. The European war hawks might keep sanctions on until Putin dies of old age.
Yeah great line. Very apt for our future.