Looks flat so far. The only thing that could adjust is the “price” of the cash. Over the years it has been shown that BRK holders have bid up ever $1 in cash in that portfolio to $1.10. That may have been justifiable given Warren’s profile. We will see if it holds for the new PMs.
The energy *market is whatever opec says it is..no?
Pretty much, but OPEC members can't even agree on what production should be. Demand never showed (Im not shocked, it projections rarely meet reality). Add to the drama Venezuela has shown a keen interest recently in taking land in Guyana, which pumps a lot of oil (mostly by US firms like Exxon). 2024 election year and American's tendency to equate gasoline prices to economic health, it seems this is going to get crazy.
Silly Americans' unwillingness to tap into unicorn flatulence.
$120 and $7
As long as the mighty Venezuelan military stays out of Suriname, I could care less.
I posit that this time of year is driven by taxes. Selling dries up in big up years causing the normal cash flows (buying) to have a bigger impact. Up leads to more up. What I am concerned about is that if you want to sell but don't want a big gain for tax purposes, you can hedge the gain by selling Jan calls. This defers the gain until 2024. FAs tend to be herd animals once they find something that makes them look necessary for the fees they charge. If the market makers books looks like I think they do, mid-January is going to be a problem.
Long WTI below $69.50, so now wish you would stop fracking for a week or so. Maybe we need us a little Red-Team 98 promotional advertising.
Henry hub is what has me calling uncle. Can seal team six hit the other Nord.
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