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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (74925)	1/25/2024 4:42:55 PM
From: E_K_S	Respond to of 78486

NASDAQ.com shows these figures for ENQR; There is a Foreign Tax which if you itemize your deductions you can claim this Foreign Tax as a credit but only in a taxable account (So I plan to hold in my Taxable Account) This was the argument for owning ENQR (from BigDogs Boom Boom Room:) Norway energy firms plan three-year push for Arctic gas Norway replaced Russia as Europe's top natural gas supplier after Moscow's invasion in 2022 of Ukraine, and the hunt is now on in Norwegian waters for more gas reserves.He said gas export options would depend on how much could be found and that it could take "about seven years" to bring any discoveries to market. No position yet, but have a stink bid in 1% lower and buys every 1% lower. Would like to accumulate a position along w/ my other NG plays that include; OVV, APA & CVX

To: Elroy who wrote (74925)	1/25/2024 5:39:50 PM
From: Harshu Vyas	Read Replies (3) \| Respond to of 78486

Imo, just buy OXY as an energy hedge (if that's what you're looking for). There are two main components to an investment - the quality of the business and the calibre of the management running the business. How do you evaluate the management of a foreign company? It's very hard, imo. Too many times, investors focus too much on the numbers, don't bother with the latter and get burned in the process. I think there has to be equal weighting. With Buffett in the background, you can be sure he's pulling the strings and investors will likely benefit from that. Not only that, but listen to the way Ms Hollub speaks. She's got shareholders interests at the forefront of her mind. Has Buffett been coaching her or is it why he invested to begin with? Either way, it's impressive (I probably ought to listen to her 2018/19 interviews, conference calls etc). I think DVN also has solid management but the valuation is a little rich for my liking (mind you, it's coming down). With me, I don't care how cheap the stock is; if the execs and BoD look sketchy, I'm moving on. =============================================================================== As for me in 2024, I'm betting on a successful Cutera turnaround. Using the example of management, why am I confident Cutera turn around successfully despite all of the accounting misstatements and negative press? Taylor Harris has a very clean, very impressive CV from working at JPM to turning around other struggling businesses (as CFO). Now, why would he choose to be CEO of a company that's as bad as the market makes out? There is a chance he's got it totally wrong and he's in too deep but, given his previous endeavours, I can say confidently that he's the man I would want at the helm. I can't say that for many of the hundreds of other "cheap" micro-caps I've briefly looked at. A similar (but not as extreme) occurrence has happened at WWW and VFC. Both CEOs impress me with their candour and experience. Bracken Darrell has yet to take bold action at VFC but he has the perfect resume - look at his history at Logitech. As for WWW, Hufnagel hasn't been a leader in the past but his decisive, aggressive action has to be lauded (- and the WWW BoD are correctly keeping management on their toes). I'm just talking about the CEOs here. But you have to look deeper. Look at all of senior management and evaluate them. Should they be where they are or have they been "gifted" a high level position? Of course, the CEOs get the limelight and are easier to research but it's a whole team that drives the business forward. CEOs that don't recognise this and like to take credit are also a massive turn-off for me. And it's generally intuitive as to what type of CEO you're looking at. The way they dress, the way they speak, the compensation they take... (I was fooled by Bob Pittman of IHRT. He's a darn good talker and he had me convinced for months! Side note - management know you want to see them buy shares. Make of that what you will...) Sometimes the intangible qualities of management have to be given a premium. More so, when you trust them to act responsibly (i.e if they aren't going to squander capital, that, by definition, means they are less risky). Of course, this is brief. =============================================================================== Other stocks I'm looking at this year that I think could perform well: PARAA (takeover target), CCL (volatile stock, you'll get action as a bear or bull!), JD.com (it's cheap but it's Chinese), WBA (potential Boots spin-off; let's see how it goes)... Overall, I'm definitely short on ideas and I get the feeling that the general thread is. But having less ideas definitely makes running a portfolio easier. Best, Harsh Vyas

To: Elroy who wrote (74925)	2/1/2024 2:26:25 PM
From: E_K_S	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 78486

Re: Equinor ASA ADR(EQNR) Got my first buys completed in EQNR as I build this position. Equinor ASA operates as an energy company. It engaged in developing oil, gas, wind and solar energy projects and focuses on offshore operations and exploration services. Equinor ASA, formerly known as Statoil ASA, is based in Norway, Europe. This is better held in a taxable account as there is a Foreign Tax paid on the dividend income. You can claim a tax credit on your taxable return. The company does NG exploration & drilling in the North Sea w/ this NG delivered to European countries. Russia NG is banned by the EU, so countries must pay a premium if they want NG. US hints that LNG exports may be banned which would further increase the domestic EU prices for NG/LNG. Stock is cheap w/ 7x PE. I suspect could also be a $US currency play if $US falls but total position will be small so that impact would be small in my portfolio (only .08% portfolio position - still building). Also been building a position in Apa Corp(APA) (6.8x PE) w/ their recent announcement of the merger w/ CPE, an all stock deal. CPE is a domestic NG driller & explorer. APA now a 0.38% portfolio position w/ 5 Buys in Jan 2024. ----------------------------------------------------------------- Phillips 66(PSX) (last $145/share)announced better than expected earnings yesterday and now at an All Time High. FWIW I got my PSX shares on the COP spin off in 2012 w/ an avg price of $21/share. 3% div not too bad either. This position a 2.38% portfolio position as I let this one grow. Pipeline companies also starting to move; My pipeline basket includes: WMB, KMI, PBA, ENB and even my lone MLPs ET & EPD have yet to make all time highs but div income rock solid. Value Investing takeaway; diversify, buy when others are selling and hold for years collecting those dividends and eventually Mr Market will reward those assets with higher prices.