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Strategies & Market Trends : TRIPLE TRADES

OPEN 6.555

-0.1%

Nov 7 9:30 AM EST

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To: yard_man who wrote (3987)	1/19/2025 10:07:21 AM
From: robert b furman	of 4397

Hi Yard ,man, It never hurts that WTI is sneaking over 80.. PR got a nice pop when they boosted the dividend to a fixed 15 cents vs a fixed 4 cents plus a variable dividend which basically covered the same amount. The fixed dividend is easier to plan on - I prefer it. I read several resource advisors and they say any glut in the future will: 1) be les tah what the IEA projects because they always get the emerging markets and their increasing consumption as their economy's join the modern developed world. 2) The demand reduction anticipated from the utilization of EV is not as big a reduction in fossil fuels as the standard one to one. EV's are short range substitutions, where long trips and loads are still relied on with ICE vehicles. 3) They expect any glut that appears on a global basis will be negated by severe sanctions to be harshly policed on Russia (until they stop the war in Ukraine and pay some restitution for the war's damage). Severe sanctions on Iran for the Middle East atrocities, and Venezuela for their election corruption - a sensitive subject to Trump.. There ts a good probability that those may just be announced tomorrow. I had hoped my puts would assign some stock. Looks like they will expire to $00.00. Hang onto PR, they know what they're doing and it is already pumpimg a lot of crude and it wiill get better. Pump is adding another fracing team full time for XOM and have started a replacemnt of their ICE fracking teams (14) at an accelerated pace. Both on top of what more than likely will make more money and BE REQUIRED standard operating procedure if you wqant to drill in the ANWAR region of Alaska. I met a rough neck who worked on a rig that BP had on the outside of ANWAR region. He said they had a cap of production that limited their barrels. There is so much oil there,it all but ran part time. BP doesn't even talk about it.. That's where Trump is going. Cheapest oil in the world. The Government will allocate a 7-10 percent surcharge and allocate those funds to US debt reduction. R&D deductions for new drilling technology and a depletion allowance will make it happen in a scale that will be presold and provide the world with cheap energy. The days of dictators and communists getting rich on resource harvesting will be diminished. Proper environmental treatment will be required or punished on a global scale. The US will develop and lead the movement. Its all good!. I'd love some more CVX and XOM , but the darn price is high. I have sold some 95 puts on XOM and some 115's on CVX. They don't have a big premium, but in time decay I trust. It is cold in Wisconsin, Sturgeon spearing in 30 days. Bob Bob

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