Morning Thoughts – get caught up

Well it’s been a while since I posted. And… I bought a few stocks.

My positions as of pre-market 1/19/2021

I bought 1 share of each company listed in the image above last week. It’s really not a big deal that I did not share these trades immediately here, as there is plenty of time to become interested in each if you have not heard of any of them and would like to read about any. I honestly can’t remember why I bought a couple, other than they were mentioned to me by a trusted friend, and that was quite a while back (8 months maybe?). Everything has changed 5 times since then.

I will say I like CQP, SLB, EOG, and AR the best; in that order. CQP currently 6+% annualized dividends, and they have got to be making some serious money exporting LNG right now. SLB because they are one of the most solid companies that exist in the Oil/Gas industry and they are more flexible as most of their money is made on man power. I hate it for their employees, but SLB can simply lay off thousands and cut pay back to minimums to cut costs drastically. They drop Revenue of over $2B in Q2 2020, and Net income is only -$10M. I just like to think SLB is already well down their path of recovery, while their stock price sits well under what it could be a year from now.

EOG is just another big shale player with 2 tons of cash as well as actually generating a profit in the last two quarters as well. EOG to me is more of a balanced trade; some dividends, some growth, some stability. I don’t have time to put numbers to paper on any of these stocks, and frankly I haven’t thought about it as in depth as I should if I were to advise anyone. Good thing I’m not doing that….

As for AR, they were well under-priced, which I think is still true. This reminds me, I will be buying AM today, their dividends are 14% right now with the same growth potential as AR. AM seems to look even better to me. But these are relatively small companies that have weathered this last pricing storm well and feel well worth a small bet.

As for EQT and SBOW, I don’t even remember, but it’s 1 share! I’ll cut it off if they slide too far. EQT is off to the best start, so I’ll certainly hang on to that one.

All these picks are my opinions, not recommendations. You could shoot lots of holes in my statements above. If you’re thinking I’ve got some good one’s here, thanks. If you thinking I’m an idiot, maybe you should go start your own website. I don’t know where that came from…

So gas is doing it’s normal thing… Weak winter weather=weak winter demand, so it’s up to weak production and strong LNG to keep prices afloat. Storage continues to be a 200Bcf surplus to the 5 year average with no hope of catching up this winter. There is the idea that it happens this coming summer. That’s too far down the road for me to think about. So I will continue to hold were I am with UNL/UNG. I still like that positioning where it is and would like to see if there is any chance of both positions will turn green, or at least UNL to keep climbing higher. We shall see. Good Luck


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