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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (3880)	9/19/2024 10:10:50 AM
From: robert b furman	1 Recommendation Recommended By toccodolce Read Replies (2) \| Respond to of 4394

Hi Yard Man, I have started small positions in Pump, and PR. Bot stock and sold more puts on this last dip. Both leading edge technology in fracing Permian shale. Both situated as a pure play in the Permian. Pump was started by Pioneer resources (joint venture with IPO). The stock has been transferred to XOM ownership after they bought Pioneer. Good enough for XOM, GOOD enough for Bob. <smile> PR is a group of experienced oil explorers situated only in the Permian. Just bought a larte tract from OXY who got it when they bought Anadarko. Small driller bitng off a big acquisition on acreage contiguous to their original acreage. They can now do what CVX and XOM are doing with 4 mile laterals. Strong balance sheet and the claim to have the loset cost per foo of lateral fracing lines in the Permian. Both use innovative dual fuel electricity generation. Lowest cost and lowest carbon foot print. Leading edge stuff designed and made by Cat Pres sure sensors in the combustion cylinder allow the mixing of natural gas in lieu of diesel to create electricity used in drilling and fracing. Foe every thousand hours of use saves million in dollars. Hi tech stuff but the most efficient in the world. It assures high demand for their services and lowest cost which equals better margins. I like PR the best as it has a 6 cent quarterly dividend and a variable that pays out 50% of the quarter's profits. Large management ownership which I always like. This last Q2 they paid out 21 cents. Sharp people so far. Oil is always volatile. Best to catch a dip in crude. The usual China lack of demand, EV's are going to make ICE obsolete, blah blah blah. The world has finally figured out that Green New Deal is a scam to make electricity expensive in developed worlds and cheap in Emerging markets (who want all manufacturing jobs). Big boys CVX and Xom do not agree nd know better. Loud mouth carbon haters are just noise. Fossil fuels will have high demand longer than we'll be alive. Buy the conservative strong balance sheet and plug your ears. They are safe to buy when the dividend is 5% - 7%. That's my plan and I can't prove it , but I'm sticking with it. LOL Bob