#  @_EnergyRealist The Energy Realist
The Energy Realist posts on X about $oih, $rig, $borr, $xle the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.
### Engagements: [---] [#](/creator/twitter::1482434599271768066/interactions)
- [--] Week [------] +165%
- [--] Month [------] -10%
- [--] Months [-------] -26%
- [--] Year [-------] +15%
### Mentions: [--] [#](/creator/twitter::1482434599271768066/posts_active)
- [--] Week [--] +42%
- [--] Month [--] +9.80%
- [--] Months [---] +22%
- [--] Year [---] +32%
### Followers: [-----] [#](/creator/twitter::1482434599271768066/followers)
- [--] Week [-----] +0.27%
- [--] Month [-----] +0.70%
- [--] Months [-----] +13%
- [--] Year [-----] +31%
### CreatorRank: [---------] [#](/creator/twitter::1482434599271768066/influencer_rank)
### Social Influence
**Social category influence**
[stocks](/list/stocks) [finance](/list/finance) [cryptocurrencies](/list/cryptocurrencies) [countries](/list/countries) [technology brands](/list/technology-brands) [automotive brands](/list/automotive-brands) [travel destinations](/list/travel-destinations) [currencies](/list/currencies) [social networks](/list/social-networks) [exchanges](/list/exchanges)
**Social topic influence**
[$oih](/topic/$oih) #17, [$rig](/topic/$rig) #77, [$borr](/topic/$borr) #10, [$xle](/topic/$xle), [$val](/topic/$val) #64, [$ne](/topic/$ne), [$pten](/topic/$pten) #2, [$slb](/topic/$slb), [$lbrt](/topic/$lbrt) #6, [$nbr](/topic/$nbr)
**Top accounts mentioned or mentioned by**
[@gringoinvesting](/creator/undefined) [@mugsluck](/creator/undefined) [@javierblas](/creator/undefined) [@varianceswap](/creator/undefined) [@icbarrett](/creator/undefined) [@tommydeepwater](/creator/undefined) [@offshoremayor](/creator/undefined) [@lasse108](/creator/undefined) [@ultradeep3](/creator/undefined) [@stonksandchill](/creator/undefined) [@archbizhop1](/creator/undefined) [@churnerofmarket](/creator/undefined) [@mikeoilinvest](/creator/undefined) [@rakoraja](/creator/undefined) [@illiniprogrammr](/creator/undefined) [@shedrills](/creator/undefined) [@opinion](/creator/undefined) [@crudeoil231](/creator/undefined) [@natgasturk](/creator/undefined) [@okaythenme](/creator/undefined)
**Top assets mentioned**
[Transocean LTD. (RIG)](/topic/$rig) [Borr Drilling Limited (BORR)](/topic/$borr) [Validity (VAL)](/topic/$val) [Noble Corporation (NE)](/topic/$ne) [Patterson-UTI Energy Inc (PTEN)](/topic/$pten) [Schlumberger NV (SLB)](/topic/$slb) [Liberty Energy Inc. (LBRT)](/topic/$lbrt) [PumpBTC (Governance token) (PUMP)](/topic/$pump) [ProFrac Holding Corp. (ACDC)](/topic/$acdc) [Baker Hughes Co (BKR)](/topic/$bkr) [Hippo Protocol (HP)](/topic/$hp) [Exxon Mobil (XOM)](/topic/$xom) [Seadrill Limited (SDRL)](/topic/$sdrl) [Halliburton Company (HAL)](/topic/$hal) [Diamondback Energy Inc (FANG)](/topic/$fang) [Marathon Oil Corporation (MRO)](/topic/$mro) [Copiosa Coin (COP2)](/topic/$cop) [Pioneer Natural Resources Co (PXD)](/topic/$pxd) [Morgan Stanley (MS)](/topic/morgan-stanley) [Devon Energy Corp (DVN)](/topic/$dvn) [Arweave (AR)](/topic/$ar) [EQT, Corp. (EQT)](/topic/$eqt) [Nash Exchange (NEX)](/topic/$nex) [BHP Group Limited (BHP)](/topic/$bhp) [Ecopetrol S.A (EC)](/topic/$ec) [LyondellBasell Industries NV (LYB)](/topic/$lyb) [APA Corp (US) (APA)](/topic/$apa) [Ovintiv, Inc. (OVV)](/topic/$ovv) [Tidewater, Inc. (TDW)](/topic/$tdw) [EOG Resources Inc (EOG)](/topic/$eog) [NVIDIA Corp. (NVDA)](/topic/$nvda) [PolkaBridge (PBR)](/topic/$pbr) [TechnipFMC (FTI)](/topic/$fti) [Comstock Resources, Inc. (CRK)](/topic/$crk) [Tenaris S. A. (TS)](/topic/$ts) [Hess Corp. (HES)](/topic/$hes) [Range Resources, Corp. (RRC)](/topic/$rrc) [ChampionX Corporation (CHX)](/topic/$chx) [Convex Finance (CVX)](/topic/$cvx) [Freeport-McMoRan Inc (FCX)](/topic/$fcx) [Nov Inc (NOV)](/topic/$nov) [Oxygen (OXY)](/topic/$oxy)
### Top Social Posts
Top posts by engagements in the last [--] hours
"Heading in [----] per IHS #oil and #natgas independents have significantly reduced their hedges vs. [----]. Hedging has been more expensive due to paper market volatility but the group likely feels bullish too $DVN $EOG $MRO $FANG $APA $COP $HES $OXY $PXD $OVV #oott #ongt"
[X Link](https://x.com/_EnergyRealist/status/1604616410222804992) 2022-12-18T23:15Z [----] followers, [----] engagements
"Oil & gas relative valuations update #CL_F #oott #eft #ongt $XLE $XOP $APA $COP $FANG $EOG $HES $MRO $PXD $AR $CHK $CNX $CTRA $EQT $GPRT $RRC $CNQ $CVE avg. large NAM oil P/CF 3.97x avg. large NAM gas P/CF 2.73x avg. midsize & small oil P/CF 2.30x 1/ Large NAM with oil focus:"
[X Link](https://x.com/_EnergyRealist/status/1610005680009711617) 2023-01-02T20:10Z [----] followers, [----] engagements
"Goldman sees $115 Brent: "Supply challenges are structural based on years of underinvestment. While weakness may persist from factors such as higher real rates USD strength and recessionary concerns longer-term physical tightness will not be easily resolved." #oott #oil"
[X Link](https://x.com/_EnergyRealist/status/1611861295137189891) 2023-01-07T23:04Z [----] followers, [----] engagements
"1/ Capex and production change for N. America E&Ps; note the numbers aren't adjusted for acquisitions #oott #oil #ongt $XLE $XOP $OIH $ESTE $CIVI $WCP $MTDR $VET $MEG $COP"
[X Link](https://x.com/_EnergyRealist/status/1613280832386486284) 2023-01-11T21:04Z [----] followers, [---] engagements
"Share count reduction for large US independents; $MRO is the undisputed #buybacks leader $APA $COP $OVV $OXY $PXD $DVN $FANG $HES $EOG $XLE $XOP #oott #oil #ongt"
[X Link](https://x.com/_EnergyRealist/status/1615425967291306005) 2023-01-17T19:08Z [----] followers, [----] engagements
"1/ With oilfield services inflation stealing the spotlight the biggest cost increase for operators in [----] have actually been production taxes; a "good" cost as it is driven by the higher price realizations #oott #oil #ongt $XLE $XOP $OIH"
[X Link](https://x.com/EnergyRealist25/status/1616173347871522816) 2023-01-19T20:38Z [----] followers, [---] engagements
"2/ While #ofs costs are up a lot too all-in cash costs as percent of revenue were lower even than in 2014; this should bode well for services companies $OIH $SLB $HAL $BKR $ACDC $CFW $CHX $FET $ICD $KLXE $SND $OIS $IEZ $XES"
[X Link](https://x.com/EnergyRealist25/status/1616173350090575872) 2023-01-19T20:38Z [----] followers, [---] engagements
"$SLB's CEO Le Peuch: "Deepwater will be the highest operating environment activity growth in 2023" #oott $XLE $OIH $RIG $BORR $TDW $OIS"
[X Link](https://x.com/anyuser/status/1616546527404589056) 2023-01-20T21:21Z [----] followers, [----] engagements
"Of the remaining [--] cold stacked ultra-deepwater drillships reported by Woodmac [--] are Transocean rigs. Statistically any new re-activations in [----] should involve $RIG drillships $VAL $NE $XLE $OIH #oott"
[X Link](https://x.com/anyuser/status/1617268147526193152) 2023-01-22T21:09Z [----] followers, [----] engagements
"Operating leverage will do wonders for the #ofs sector in the bull cycle $SLB $OIH $XLE #oott"
[X Link](https://x.com/_EnergyRealist/status/1617971615538761728) 2023-01-24T19:44Z [----] followers, [---] engagements
"1/ EV per flowing boe relative valuation updates: Large oil-focused: $APA $55197 $COP $80474 $DVN $74555 $FANG $74489 $EOG $81531 $HES $136395 $MRO $53755 $OXY $53003 $OVV $30440 $PXD $87594"
[X Link](https://x.com/_EnergyRealist/status/1623386921903726601) 2023-02-08T18:22Z [----] followers, [----] engagements
"$CFW $CFWFF: "For [----] we are anticipating steady demand for our [--] fracturing fleets in the United States" #oott $XLE $OIH Another #ofs player in growth mode:"
[X Link](https://x.com/EnergyRealist25/status/1636492877197869056) 2023-03-16T22:21Z [----] followers, [---] engagements
"$ACDC down -15%: "Lower commodity prices have impacted our customers' business over the last several months." The big ones $EQT $RRC are gas-oriented so conclusions don't necessarily extend to oil; the valuation was compelling even before the price drop #oott $OIH"
[X Link](https://x.com/_EnergyRealist/status/1638263362357280770) 2023-03-21T19:36Z [----] followers, [----] engagements
"Oil production hedging update $FANG $CLR $CIVI $EOG $OVV $DVN $CPE $SM $PR $VTLE $CHRD $PDCE $XLE #oott"
[X Link](https://x.com/EnergyRealist25/status/1641556111135318016) 2023-03-30T21:40Z [----] followers, [---] engagements
"$cvx $xom $tte $shel $eqnr $bp $e Multiples for integrated oil companies: US-based European-based All lower than their historical averages Chart source: S&P #oott $XLE"
[X Link](https://x.com/_EnergyRealist/status/1645876055520219137) 2023-04-11T19:46Z [----] followers, [---] engagements
"Besides the rising dayrates the lengthening of the contract terms is another sign of the ongoing bull market in offshore rigs #oott $xle $oih $rig $borr $ne $val http://www.offshore-mag.com/rigs-vessels/article/14275017/rig-contract-terms-continue-to-lengthen-says-evercore-isi http://www.offshore-mag.com/rigs-vessels/article/14275017/rig-contract-terms-continue-to-lengthen-says-evercore-isi"
[X Link](https://x.com/_EnergyRealist/status/1648045376472076299) 2023-04-17T19:26Z [----] followers, [----] engagements
"The DPR shows Haynesville still growing. But there's hardly an #OFS earnings call without analysts asking if the Haynesville cutting back won't flood other basins with excess services capacity. $LBRT $ACDC $PUMP $CFW.TO have been sold off to ridiculous levels on a theory that is so far just a theory #oott"
[X Link](https://x.com/_EnergyRealist/status/1650606059407417363) 2023-04-24T21:02Z [----] followers, [---] engagements
"Bullish comments for N. America pressure pumping from $hal also relevant for $lbrt $acdc $pump $cfw.to $oih E&Ps are switching to e-fleets too as they look for efficiencies. Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity https://t.co/lXHmA9JEGj via @NGInews E&Ps are switching to e-fleets too as they look for efficiencies. Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity https://t.co/lXHmA9JEGj via @NGInews"
[X Link](https://x.com/_EnergyRealist/status/1650937826874105868) 2023-04-25T19:00Z [----] followers, [---] engagements
"$bkr #rigcount: Gas rigs are up +2; Haynesville [---] but Marcellus and Utica add $oih $lbrt $pump $acdc $cfw.to"
[X Link](https://x.com/_EnergyRealist/status/1652026517713477638) 2023-04-28T19:06Z [----] followers, [---] engagements
"2/ Then: "Consistent with the longer-term (Permian) production profile that we've outlined we got a big base business that does have decline underneath it. And so you're going to expect us to add some additional rigs as we move into '24""
[X Link](https://x.com/_EnergyRealist/status/1652772169825353731) 2023-04-30T20:29Z [----] followers, [---] engagements
"3/ Lastly: "We're adding a rig in the #Haynesville. We talked about that for a number of years building up to that activity. Gas prices are going to be volatile. And frankly we need to get developing that resource." $acdc $nine"
[X Link](https://x.com/_EnergyRealist/status/1652772171654021121) 2023-04-30T20:29Z [----] followers, [---] engagements
"Finally made it to $RIG's transcript: "We believe that as a result day rates will continue to trend upward especially for the higher specification ultra-deep water. In fact by the end of the year we expect leading-edge rates to exceed $500000 per day"🙏 $oih $val $ne"
[X Link](https://x.com/_EnergyRealist/status/1653464019531857922) 2023-05-02T18:18Z [----] followers, [----] engagements
"$oih $xle $pump #oott 1/ Some insights from the earnings call of ProPetro which along with $LBRT and $ACDC is among the badly beaten pressure pumping stocks"
[X Link](https://x.com/_EnergyRealist/status/1654214538823184385) 2023-05-04T20:00Z [----] followers, [----] engagements
"$oih Looking at the $bkr #rigcount the Haynesville "swing gas producer" is down [---] rig but the Permian is -5🤔I remain bullish $lbrt $pump"
[X Link](https://x.com/_EnergyRealist/status/1654883219290955778) 2023-05-06T16:18Z [----] followers, [---] engagements
"Updated frac spreads chart; [---] week on week but still tracking well the [----] levels $oih $lbrt $pump $acdc $cfw.to $xle #oott"
[X Link](https://x.com/_EnergyRealist/status/1654884134592950273) 2023-05-06T16:21Z [----] followers, [---] engagements
"$RIG Transocean Equinox has found work in Australia; based on the report the #dayrate comes to $457000 👏 It's in addition to mobilization fees but Norway to Australia journey ain't short $oih $xle $ne $val https://www.offshore-energy.biz/major-operator-books-transoceans-idle-rig-for-work-off-australia/ https://www.offshore-energy.biz/major-operator-books-transoceans-idle-rig-for-work-off-australia/"
[X Link](https://x.com/anyuser/status/1656402116049530882) 2023-05-10T20:53Z [----] followers, [----] engagements
"Another day another offshore contract. This time for $subcy backlog $750m customer undisclosed. Long-cycle 🐂 market $oih $xle $ois https://www.subsea7.com/en/media/company-news/2023/Subsea7_awarded_major_contract.html https://www.subsea7.com/en/media/company-news/2023/Subsea7_awarded_major_contract.html"
[X Link](https://x.com/EnergyRealist25/status/1657498204538122244) 2023-05-13T21:29Z [----] followers, [---] engagements
"Well you had plenty of time to make up your mind and lock in some long-term contracts while the #rig market was still soft; now it's become you snooze you lose🤷♂ $eqnr $rig $val $ne $oih #eft https://www.upstreamonline.com/exclusive/norway-losing-more-offshore-drilling-rigs-to-overseas-exploration-hotspots/2-1-1447637 https://www.upstreamonline.com/exclusive/norway-losing-more-offshore-drilling-rigs-to-overseas-exploration-hotspots/2-1-1447637"
[X Link](https://x.com/_EnergyRealist/status/1657865428289441794) 2023-05-14T21:48Z [----] followers, [----] engagements
"🐂outlook from $ACDC: "continue to see tightness in the market" "majority of workable capacity is held by a small group of disciplined players" customers seek premium assets customers didn't ramp up at [---] oil/10 gas so not much to cut back now "industry remains sold out""
[X Link](https://x.com/_EnergyRealist/status/1658220779748687872) 2023-05-15T21:20Z [----] followers, [---] engagements
"However last week JPM cut $ACDC $18 to $15 on "above average exposure to the spot market private E&Ps and natural gas plays" All [--] are non-issues or smaller issues for $PUMP and $LBRT: All [--] are undervalued but $pump $lbrt safer IMO"
[X Link](https://x.com/_EnergyRealist/status/1658220782940565504) 2023-05-15T21:20Z [----] followers, [---] engagements
"$rig $ne $val $borr $oih Somewhat misleading article citing Evercore: "With both floaters and jackups averaging near 90% marketed utilization we expect contracting activity to remain light" Well you can't sell the same rig twice so high utilization = fewer new contracts"
[X Link](https://x.com/_EnergyRealist/status/1658495980243673088) 2023-05-16T15:33Z [----] followers, [--] engagements
"$wmt: "We continue to gain market share in the grocery category including with higher income and younger shoppers" Looks the "roaring 20s" version [---] will end up at Walmart🤷♂ #inflation #recession #economy #YOLO"
[X Link](https://x.com/_EnergyRealist/status/1659198185720680455) 2023-05-18T14:04Z [----] followers, [--] engagements
"Great infographic from BofA. Mind you these are revenue multiples not earnings. For comparison even the "getting expensive" $XOM and $CVX trade around 10x fwd P/E $xle $xop #eft #oott"
[X Link](https://x.com/_EnergyRealist/status/1659547915755347968) 2023-05-19T13:13Z [----] followers, [---] engagements
"After a big drop last week the $bkr gas #rigcount is flat this week; #natgas itself is also up. Surprise drop in oil rigs though with the biggest losses coming from the Permian and Eagle Ford $lbrt $pump $nbr $oih"
[X Link](https://x.com/_EnergyRealist/status/1659607857694736384) 2023-05-19T17:12Z [----] followers, [--] engagements
"$cfw.to: "there's a chance there will be some underutilized fleets from our competitors that are looking for a home. .but we're well established with our customer base and feel fairly confident that the pricing will stay at least flat" $lbrt $pump $nex $acdc $oih"
[X Link](https://x.com/_EnergyRealist/status/1659957502539182080) 2023-05-20T16:21Z [----] followers, [---] engagements
"3/ One company Ovintiv $ovv has a significant effect on the capex averages (50% YoY)"
[X Link](https://x.com/_EnergyRealist/status/1660389227379531778) 2023-05-21T20:56Z [----] followers, [--] engagements
"$CHRD acquires Williston basin assets from $XOM; price appears to be $62500 per flowing barrel but the acreage is likely the driver"
[X Link](https://x.com/_EnergyRealist/status/1661060995123494915) 2023-05-23T17:26Z [----] followers, [--] engagements
"$borr "We reaffirm our previously communicated guidance of adjusted EBITDA of $360 million to $400 million for 2023" = [--] EV/EBITDA but also: "further increases in q3 and q4 as our two remaining stacked rigs are being activated" $oih $val $ne #eft #oott"
[X Link](https://x.com/_EnergyRealist/status/1661110831008849941) 2023-05-23T20:44Z [----] followers, [----] engagements
"Positive outlook from Seadrill: "Industry analysis projects that offshore capex will increase by about 10% to 15% this year with further growth to follow in [----] and 2025" $sdrl $rig $ne $val $oih"
[X Link](https://x.com/_EnergyRealist/status/1661437641529720851) 2023-05-24T18:22Z [----] followers, [--] engagements
"After $nvda this morning I'm hopeful the market notices $slb's use of "AI" in its marketing materials and sends $oih stocks to the moon too😂 $xle #eft #oott https://www.bloomberg.com/press-releases/2022-04-29/schlumberger-expands-global-ai-innovation-network-with-opening-of-artificial-intelligence-center-in-europe-l2klurwp https://www.bloomberg.com/press-releases/2022-04-29/schlumberger-expands-global-ai-innovation-network-with-opening-of-artificial-intelligence-center-in-europe-l2klurwp"
[X Link](https://x.com/_EnergyRealist/status/1661735209526763525) 2023-05-25T14:05Z [----] followers, [---] engagements
"$oih $rig $ne $val No dayrate reported but the long 5-year contract for the [--] Gen Evolution is indicative of a bull market. Of its [--] rigs Stena now only has the Stena Spey semi available (from August) and that asset is from 1983"
[X Link](https://x.com/_EnergyRealist/status/1664002367723827201) 2023-05-31T20:14Z [----] followers, [--] engagements
"$shllf $borr $oih Shelf Drilling points out that the available jack-up #rigs are pretty much back down to [----] levels. The difference: We had [---] JUs under construction in [----] that would add to rig supply vs. only [--] now #oott"
[X Link](https://x.com/EnergyRealist25/status/1664325812940570624) 2023-06-01T17:39Z [----] followers, [----] engagements
"Recent comments from OFS major $slb: "EBITDA and revenue CAGRs in this cycle will exceed those achieved in the prior growth cycle of 2009-2014" Offshore seen as the biggest driver with 2025e capex more than 30% above [----] $oih $ois $borr $rig"
[X Link](https://x.com/_EnergyRealist/status/1666438094806040578) 2023-06-07T13:32Z [----] followers, [----] engagements
"$oih $xle $slb $bkr $ois $rig $borr We've heard much talk lately about the reversal in U.S. rig counts and #OFS stocks have retracted quite a bit. However the growth in the international rig count (land + offshore) remains uninterrupted: (1/7)"
[X Link](https://x.com/_EnergyRealist/status/1667976174184611847) 2023-06-11T19:24Z [----] followers, [----] engagements
"(7/7) The market shows little appreciation for differing fundamentals within the energy sector. $SLB for example also fell on the U.S. shale gas woes despite 80% international revenue. IMO $70 oil may also favor active investing in the sector more than $120 does"
[X Link](https://x.com/_EnergyRealist/status/1667976191666540544) 2023-06-11T19:24Z [----] followers, [---] engagements
"Good day for $nex $lbrt $pump $acdc so far: It is a green day for #oil but there may be something to the WSJ $pten $nex merger story too. Industry consolidation = greater pricing power"
[X Link](https://x.com/_EnergyRealist/status/1668653510290726913) 2023-06-13T16:16Z [----] followers, [---] engagements
"As the Fed keeps rates higher for longer the implied borrowing cost for E&P companies will stay high too; monetary policy also restricts oil production growth as more cash flow will be directed to debt reduction to avoid expensive refinancing $xle $xop $mro $ar $pxd $oxy $apa"
[X Link](https://x.com/_EnergyRealist/status/1669066924850913280) 2023-06-14T19:38Z [----] followers, [----] engagements
"$pump $lbrt $nex $acdc $oih Rig count is down again but frac spreads are up second week in a row after a several week slide:"
[X Link](https://x.com/_EnergyRealist/status/1670044997448605699) 2023-06-17T12:25Z [----] followers, [---] engagements
"Nice article/no paywall: "the industry is largely sold out" "marketed utilization for 7th-generation drillships at 95%" "6th-generation drillships have also increased to the low 90%" $oih $rig $borr $val $ne $sdrl"
[X Link](https://x.com/_EnergyRealist/status/1670483945597591554) 2023-06-18T17:29Z [----] followers, [--] engagements
"Another day another FID. First oil expected [----] with "18 wells drilled in the initial phase"/ [--] total. Who is going to drill them $rig $val $ne $sdrl $oih Offshore unfazed by $70 🛢"
[X Link](https://x.com/_EnergyRealist/status/1671551444418285569) 2023-06-21T16:11Z [----] followers, [--] engagements
"$TALO #carboncapture #energytransition #oott: - CCS has triggered a US GoM land grab - [--] companies Cox $XOM and Talos hold 47% of the active shallow-water acreage - a $TALO merger announcement with UK's Harbour Energy "could trigger competing bids from global IOCs"🤞"
[X Link](https://x.com/_EnergyRealist/status/1671636478101794816) 2023-06-21T21:49Z [----] followers, [---] engagements
"I don't know if H2 '23 will show some rebalancing out of tech into value/energy/materials but if it does it would probably be because (1) the economy doesn't crater as bad as credit impulse folks predict; and (2) inflation proves more persistent than they think $xle"
[X Link](https://x.com/_EnergyRealist/status/1672975551194071040) 2023-06-25T14:30Z [----] followers, [---] engagements
"New investor presentation from $SDRL posted yesterday. Good stuff and validates the strong fundamentals setup for offshore drillers $rig $ne $val $borr $oih #oott"
[X Link](https://x.com/_EnergyRealist/status/1673745673634693142) 2023-06-27T17:30Z [----] followers, [----] engagements
"Onshore service providers $pump $lbrt $nex remain the cheapest in the $oih group. They are discounted even to their pressure pumping competitor $acdc despite the latter having higher leverage/more exposure to private E&Ps that are more likely to cut down activity #oott"
[X Link](https://x.com/_EnergyRealist/status/1674467105901608960) 2023-06-29T17:17Z [----] followers, [---] engagements
"$pump $lbrt $nbr $nine $hal $oih $xle The Dallas Fed Q2 Energy Survey came out recently. It doesn't look as bearish for onshore oilfield services. (1/n) https://www.dallasfed.org/research/surveys/des https://www.dallasfed.org/research/surveys/des"
[X Link](https://x.com/_EnergyRealist/status/1674480841802522641) 2023-06-29T18:11Z [----] followers, [----] engagements
"Notwithstanding that research shop #oil forecasts have been a bit of a lagging indicator Brent at $83 would still be +12% from here. $80 may be the sweet spot for stocks with long-cycle/offshore exposure; FIDs keep rolling while shale stays in check $xle $oih $slb"
[X Link](https://x.com/_EnergyRealist/status/1674751812006559746) 2023-06-30T12:08Z [----] followers, [----] engagements
"$oih $rig $borr $slb One pillar of the #offshore thesis is that shipyards backlogged with #LNG carriers can't build new rigs or OSVs. I put this chart together based on S&P's latest LNG shipping database. With an active fleet of [---] there are [---] () carriers on order"
[X Link](https://x.com/_EnergyRealist/status/1675816397832691712) 2023-07-03T10:38Z [----] followers, [----] engagements
"$rig $ne $borr $oih $slb Nice data points from $VAL too. Implied dayrate for the semisub $360k; two premium jack-ups scored $150k and $180k respectively. https://www.offshore-mag.com/drilling-completion/article/14295982/valaris-nets-gom-australia-drilling-contracts https://www.offshore-mag.com/drilling-completion/article/14295982/valaris-nets-gom-australia-drilling-contracts"
[X Link](https://x.com/_EnergyRealist/status/1676997546999152647) 2023-07-06T16:52Z [----] followers, [----] engagements
"$nbr $pten $lbrt $pump $nine $oih Bottom Maybe so as it looks today onshore OFS finally out of the doghouse"
[X Link](https://x.com/_EnergyRealist/status/1677390591246696448) 2023-07-07T18:54Z [----] followers, [----] engagements
"Over the last year oilfield services $oih have outperformed E&P $xle $xop; we seem to be at the start of a long capex cycle driven by state-owned producers like $pbr or $adnoc so this trend may continue. Consider adding some #ofs to diversify your energy portfolio"
[X Link](https://x.com/_EnergyRealist/status/1678818744275988496) 2023-07-11T17:29Z [----] followers, [----] engagements
"$slb $hal $bkr $nbr Iraq wants to get to [--] mbd. Other than corruption they have huge cost advantage over US shale so it makes sense. Iraq has very high government take so the way to benefit is via $oih stocks. Upstream capex = OFS revenue #oott"
[X Link](https://x.com/_EnergyRealist/status/1679128157641756677) 2023-07-12T13:58Z [----] followers, [--] engagements
"Good example of shale's woes. IHS thinks $ovv was down to [---] years of premium inventory before the recent acquisitions it made. Apart from $pxd and a few others for shale its all uphill from here. More opportunity in services $oih and offshore"
[X Link](https://x.com/_EnergyRealist/status/1679588040711315460) 2023-07-13T20:26Z [----] followers, [----] engagements
"$lbrt $pump $nex $pten $cfw.to $acdc $oih Lowest frac spread count remains [---] from June [--] for now; latest data point from July [--] is 263"
[X Link](https://x.com/_EnergyRealist/status/1680644131654074369) 2023-07-16T18:22Z [----] followers, [----] engagements
"Upcoming $OIH earnings this week: $BKR 7/19/2023 $HAL 7/19/2023 $LBRT 7/19/2023 $SLB 7/21/2023"
[X Link](https://x.com/_EnergyRealist/status/1680763835546730496) 2023-07-17T02:18Z [----] followers, [--] engagements
"Fixture update: Odfjell Drilling's Deepsea Atlantic signed up for [--] months/ $290 million contract net of mobilization fees. Dayrate comes to $420000. Deepsea Atlantic is a 6th gen HE semi built in [----] $oih $rig $ne $val $xle"
[X Link](https://x.com/_EnergyRealist/status/1681006481695551488) 2023-07-20T23:07Z [----] followers, [----] engagements
"Good morning ☀ Not the cold stacked reactivation ultra-bulls probably wanted to hear about but [--] year lead time sounds quite bullish. Dayrate 480k. Ship identity TBD later but it will be a 7G. $rig $ne $val $oih $xle"
[X Link](https://x.com/_EnergyRealist/status/1681270158063464448) 2023-07-20T23:07Z [----] followers, [---] engagements
"OFS major and industry bellwether $BKR reported today: - softness in N. America offset by strength in offshore and international - strong LNG equipment orders - N. America weakness limited to privates; public E&Ps still sticking to annual capex plans $oih $nine $rig $pump"
[X Link](https://x.com/_EnergyRealist/status/1681734018704785426) 2023-07-19T18:33Z [----] followers, [----] engagements
"$HAL's comments align with $BKR: - strength in international +7% QoQ - NAM slightly down -2% QoQ but most slowdown among small customers/spot market - "service intensity" - NAM producers will need more work "even to stand still" $oih $pump $borr https://twitter.com/_EnergyRealist/status/1681734018704785426 OFS major and industry bellwether $BKR reported today: - softness in N. America offset by strength in offshore and international - strong LNG equipment orders - N. America weakness limited to privates; public E&Ps still sticking to annual capex plans $oih $nine $rig $pump"
[X Link](https://x.com/_EnergyRealist/status/1681754401533247488) 2023-07-19T19:54Z [----] followers, [----] engagements
"U.S. E&P's walking the talk on capital discipline. Bonuses now tied to FCF and lowering costs cf. volume growth [--] years ago. $apa $cop $dvn $fang $mro $hes $pxd $ovv $xle $xop #oott"
[X Link](https://x.com/_EnergyRealist/status/1682033877542653952) 2023-07-20T14:25Z [----] followers, [----] engagements
"Ok so $TSM down -5% because it lowers guidance and now says revenue may be down -10% YoY $NVDA is a $TSM client so this should also imply $NVDA activity is slowing too. What am I missing here🤔"
[X Link](https://x.com/_EnergyRealist/status/1682105782932783104) 2023-07-21T03:15Z [----] followers, [----] engagements
"$SLB down today because revenue of $8.1b missed by $0.1b Yet: Int'l +5% seq +21% YoY NAM +3% seq +14% YoY Yes Q3 NAM revenue "will be slightly down" but SLB still guiding to 15% revenue/20% EBITDA growth - international/offshore more than make up for NAM $oih $xle"
[X Link](https://x.com/_EnergyRealist/status/1682445484126883849) 2023-07-21T17:40Z [----] followers, [---] engagements
"Much #deepwater bullishness from $SLB's earnings too: - global FIDs +90% from 2016-2019 - $200b to deepwater next [--] years $oih $rig $borr $ois $xle"
[X Link](https://x.com/_EnergyRealist/status/1682447849508818951) 2023-07-21T17:50Z [----] followers, [----] engagements
"$SLB's Olivier LePeuch also saying 85% of offshore FIDs have $50 oil breakeven. Three reasons the breakeven has come down: (1) technology integration (2) better customer prioritization (3) tieback opportunities to existing infrastructure $oih $borr $rig $ois $bkr"
[X Link](https://x.com/anyuser/status/1682459803237400578) 2023-07-21T18:37Z [----] followers, 10.3K engagements
"$oih $pump $nex $pten $hal Primary Vision frac spreads +11 WoW [---] from 7/15/22. As $LBRT CEO commented spreads should lag rigs by a quarter. Using 2.5x rule of thumb [---] U.S. land rigs imply [---] frac fleets. Offshore #ofs is a safer proposition but onshore not dead either"
[X Link](https://x.com/_EnergyRealist/status/1682760264691638274) 2023-07-22T14:31Z [----] followers, [---] engagements
"From the $CHX call: "The big expense in offshore particularly in the drilling and well construction side they are all going to translate eventually for us in strong growth in offshore" Looking beyond rigs/OSVs/subsea offshore will also need production chemicals $oih"
[X Link](https://x.com/_EnergyRealist/status/1683933794225770496) 2023-07-25T20:14Z [----] followers, [---] engagements
"Gas producer $RRC on OFS costs: Generally better (from customer perspective) but higher end equipment like frac e-fleets expected to remain tight $lbrt $pump $nex $pten $oih"
[X Link](https://x.com/_EnergyRealist/status/1683940874689060864) 2023-07-25T20:42Z [----] followers, [---] engagements
"$oih $rig $ne $val $smhi Everyone loves rigs but $HLX suggests the next big thing may be decommissioning: "We're talking about well over [----] structures that need to be removed. And there's only [--] remaining heavy lift assets in the Gulf of Mexico" '23 EBITDA = 2x '22"
[X Link](https://x.com/_EnergyRealist/status/1684973774259593239) 2023-08-06T21:48Z [----] followers, [----] engagements
"So $CVX plans to develop [----] net new wells in the Permian over the next 5-years seemingly outpacing its '22 rate. But I thought everyone would stop drilling because regional banks recession and China😄 $nbr $pds $pten $oih"
[X Link](https://x.com/_EnergyRealist/status/1685717664939769857) 2023-08-01T08:13Z [----] followers, [---] engagements
"Steel was a textbook example of a cyclical business. Yet "recession" wasn't mentioned even once on the U.S. Steel call. $X CEO instead called out "government spending" as a tailwind. Perhaps whoever coined the "fiscal dominance" term is onto something"
[X Link](https://x.com/_EnergyRealist/status/1685728728691675136) 2023-07-30T19:07Z [----] followers, [---] engagements
"$VAL DS-7 is getting reactivated. Dayrate comes to [------] but can't figure out yet if that includes reactivation capex; if you know please comment $rig $ne $oih"
[X Link](https://x.com/_EnergyRealist/status/1686007891071774721) 2023-07-31T13:36Z [----] followers, [--] engagements
"Was that a jab at Valaris lol $rig $val $oih"
[X Link](https://x.com/anyuser/status/1686450583807344651) 2023-08-01T18:55Z [----] followers, [----] engagements
"$NE also looking toward reactivations but threading more cautiously than $VAL. Interesting back-of-the-envelope math on newbuilds too - looks that until dayrates hit 650k there's no need to worry about a top $oih $rig $xle"
[X Link](https://x.com/_EnergyRealist/status/1687202599450333185) 2023-08-03T20:43Z [----] followers, [---] engagements
"Even more relevant than oil price for $xle companies may be what they make out of it; post-GFC $xom generated lower returns despite high prices until 2014; there are now signs the oil price to ROCE relationship is reverting to the higher trendline from the pre-GFC era #oott"
[X Link](https://x.com/_EnergyRealist/status/1688200822142730240) 2023-08-06T14:50Z [----] followers, [----] engagements
"$DO says will be "disciplined" about reactivating the stacked Onyx or purchasing a stranded newbuild. Macro view agrees with $rig $ne $val and good to know they track subsea tree orders as leading indicator. Need to pay more attention to $fti 👍"
[X Link](https://x.com/_EnergyRealist/status/1688990821767385088) 2023-08-08T19:09Z [----] followers, [----] engagements
"CEO of wind giant rsted $DNNGY starts his earnings call by basically asking governments to foot the bill for the industry's increased costs. Tells you everything you need to know about the value drivers in the renewables business model #energy #energytransition #greenflation"
[X Link](https://x.com/EnergyRealist25/status/1690084583679676417) 2023-08-11T19:35Z [----] followers, [----] engagements
"$lbrt $pump $nex $acdc $cfw.to $step.to $oih Primary Vision frac spreads +5 for Aug. 11th week; continue to flatline"
[X Link](https://x.com/_EnergyRealist/status/1690387953292382208) 2023-08-12T15:41Z [----] followers, [----] engagements
"$APA is one of the larger public independents which are said to have better shale inventory. So it's illuminating to see how high breakevens are even for these big players once you get past the 1st quintile; 2nd quintile already at $60 #oott Source: s&p"
[X Link](https://x.com/_EnergyRealist/status/1691167497553154049) 2023-08-14T19:18Z [----] followers, [---] engagements
"So $100 million for [---] days for $SFL's Hercules rig = $500000 dayrate right Round numbers make math easy😂 Hercules having to do a Canada-Namibia-Canada roundtrip also speaks to market tightness $rig $ne $val $oih https://www.offshore-energy.biz/semi-sub-rig-bags-another-drilling-assignment-off-canada/ https://www.offshore-energy.biz/semi-sub-rig-bags-another-drilling-assignment-off-canada/"
[X Link](https://x.com/anyuser/status/1691519512791654400) 2023-08-15T18:37Z [----] followers, [----] engagements
"$bhp $fcx $copx $cper UBS updated commodity price forecast. Bullish #oil and #copper. On copper: "Low inventories constant supply disappointments and structural demand drivers have been offsetting forces to weaker global manufacturing and disappointing #China data""
[X Link](https://x.com/_EnergyRealist/status/1692917842541228318) 2023-08-19T15:14Z [----] followers, [---] engagements
"$xop $apa $cop $dvn $fang $mro $ovv $pxd Interesting view on "capital discipline" - production outlook up FCF yield down & large US independents not cutting capex. If this goes on $oih service cos that promise strong [----] may be right. Source: S&P"
[X Link](https://x.com/_EnergyRealist/status/1694444059593429468) 2023-08-23T20:18Z [----] followers, [---] engagements
"@Archbizhop1 I trimmed the onshore plays $lbrt $pump $nbr after the big run ups but haven't sold anything offshore. Planning to hold until [----] :)"
[X Link](https://x.com/_EnergyRealist/status/1694801625334825139) 2023-08-24T19:59Z [----] followers, [---] engagements
"@Archbizhop1 $rig and $borr are two of my big ones; both are correcting so may offer another buying opportunity. Had big hopes for $ois but looks they messed up a bit last quarter. Strong interest in $smhi but hoping for better entry point. Good luck :)"
[X Link](https://x.com/_EnergyRealist/status/1694804925052510355) 2023-08-24T20:12Z [----] followers, [---] engagements
"The value is overseas and among smaller caps; though with US small caps the ratios may reflect concerns over inventory depth $xle $psce E&P Valuations Comparisions #WTI #Oil #NatGas https://t.co/dfI29uqlo4 E&P Valuations Comparisions #WTI #Oil #NatGas https://t.co/dfI29uqlo4"
[X Link](https://x.com/EnergyRealist25/status/1695114058230374535) 2023-08-25T16:40Z [----] followers, [---] engagements
"$subcy $talo Interesting. Talos has an ambitious GoM agenda and with the offshore services market tightening a partnership with Subsea [--] may make sense. https://www.offshore-energy.biz/subsea-7-scoops-up-gulf-of-mexico-work-with-talos/ https://www.offshore-energy.biz/subsea-7-scoops-up-gulf-of-mexico-work-with-talos/"
[X Link](https://x.com/EnergyRealist25/status/1695147721143775368) 2023-08-25T18:54Z [----] followers, [---] engagements
"Good for $acdc I suppose. More importantly - not everything in the "commodities" sector is a commodity. They wouldn't be suing each other over patents otherwise $oih"
[X Link](https://x.com/_EnergyRealist/status/1695467444712755211) 2023-08-26T16:05Z [----] followers, [---] engagements
"$BORR announced new contracts for JUs Prospector [--] and Natt. Average implied dayrate 160k. Previously Natt was under a contract extension that yielded 84k per day. The re-rating in shallow water continues similar to deepwater $oih $val $ne $rig"
[X Link](https://x.com/_EnergyRealist/status/1696493174791819634) 2023-08-29T12:01Z [----] followers, [----] engagements
"On the deepwater front Transocean put up a new presentation today. Nice slide showing rig demand is projected to grow even at $40 oil; offshore services are turning from the most vulnerable segment of the energy space into the most resilient one $rig $val $ne $sdrl $oih"
[X Link](https://x.com/anyuser/status/1696590184731529572) 2023-08-29T18:26Z [----] followers, [----] engagements
"Btw $BORR's Norve jack-up is also in Gabon working for BW Energy $bwery $egy $xle $oih Gabon's [---] kbd aren't a big deal globally but VAALCO energy is down -12% premarket 😯 $egy $xle https://t.co/v2VT5B97ZP via @WSJ Gabon's [---] kbd aren't a big deal globally but VAALCO energy is down -12% premarket 😯 $egy $xle https://t.co/v2VT5B97ZP via @WSJ"
[X Link](https://x.com/EnergyRealist25/status/1696858961952051588) 2023-08-30T12:14Z [----] followers, [----] engagements
"If you missed it ESG darling and wind giant Orsted $DNNGY which lost 25% of its market cap this Tuesday basically told y'all to buy offshore services $OIH: "The company is facing delays from suppliers mainly from companies that build the offshore foundations as well as from a specialist installation vessel" 🤣 https://www.wsj.com/business/earnings/orsted-could-book-impairments-of-up-to-2-34-bln-on-us-portfolio-dd8dc226 https://www.wsj.com/business/earnings/orsted-could-book-impairments-of-up-to-2-34-bln-on-us-portfolio-dd8dc226"
[X Link](https://x.com/EnergyRealist25/status/1697363450077339806) 2023-08-31T21:39Z [----] followers, [---] engagements
"$oih US rigs were essentially flat but Primary Vision frac spreads have now hit the 5-year minimum. However the fracking stocks $pump $lbrt $nex $cfw.to have fully erased spring's losses suggesting the bottom is near. Only the more levered/more exposed to privates $acdc hasn't. Baker Hughes: Oil Gas rigs drop [--] #oott #crudeoil Baker Hughes: Oil Gas rigs drop [--] #oott #crudeoil"
[X Link](https://x.com/_EnergyRealist/status/1698354078860882216) 2023-09-03T15:15Z [----] followers, [----] engagements
"The ECB inflation survey: 1) Still getting harder for fossil fuels to get loans 2) Inflation high and may become stagflation 3) Ok so is 1) causing 2) No Inflation is due to climate and green energy will be disinflationary🤦 Dream on $xle $oih"
[X Link](https://x.com/_EnergyRealist/status/1698362005948662025) 2023-09-03T15:47Z [----] followers, [----] engagements
"Just wanted to clarify that Transocean's registration filing announced today relates to insider Perestroika's exercise of its conversion option under the '27 exchangeable bonds back in April. This is old news and the dilution had already happened $rig https://seekingalpha.com/news/4008879-transocean-says-selling-stockholder-offering-826m-shares https://seekingalpha.com/news/4008879-transocean-says-selling-stockholder-offering-826m-shares"
[X Link](https://x.com/anyuser/status/1698763341689225536) 2023-09-04T18:21Z [----] followers, [----] engagements
"$oih $xle The ratio of the PHLX Oil Service Sector Index to the S&P Oil & Gas Exploration & Production one may have bottomed in Oct. '22 but is still super low historically. How does this square with the R/P declines major producers have seen Services stocks remain undervalued"
[X Link](https://x.com/_EnergyRealist/status/1700484281766695152) 2023-09-09T12:20Z [----] followers, [----] engagements
"$xle Eurasia Group: -Saudi oil cuts fiscally driven not political -11.7mbd @$70 approx equals 9mbd @$90 (duh) Why does it matter Because the political narrative implies Saudi is losing cash to prop oil prices. They're not. This means they can stay at [--] mbd for much longer"
[X Link](https://x.com/_EnergyRealist/status/1701662009450758268) 2023-09-12T18:20Z [----] followers, [---] engagements
"$oih $val Dayrate of $410000 not earth-shattering but this seems to be just filling a gap in the schedule from 3/24 to 5/24. Sadly from 6/24 the DS-15 will go down to $254000 under previously exercised option"
[X Link](https://x.com/_EnergyRealist/status/1701950504350203978) 2023-09-13T13:26Z [----] followers, [---] engagements
"$xle $xop $oih This is S&P's estimate of the "buyback period" for some of the best-known US shale producers. While there are pockets of value like $MRO at $65 oil things look quite bad for most. High-cost $VTLE would need [--] years to buy back its stock😂"
[X Link](https://x.com/_EnergyRealist/status/1703057491284615375) 2023-09-16T14:45Z [----] followers, [----] engagements
"BofA 2010s vs. 2020s investment themes: deflation - inflation stocks & bonds - cash & commodities financial assets - real assets The common denominator for most of these is of course energy $xle $oih"
[X Link](https://x.com/_EnergyRealist/status/1703464062753927340) 2023-09-17T17:40Z [----] followers, [--] engagements
"As long as this trend continues so will inflation and those who own fossil fuel assets will see even higher rents #greenflation #eft"
[X Link](https://x.com/_EnergyRealist/status/1704483316349407293) 2023-09-20T13:11Z [----] followers, [----] engagements
"BofA seeing higher inflows into emerging market funds $ewz"
[X Link](https://x.com/_EnergyRealist/status/1705741359926108336) 2023-09-24T00:30Z [----] followers, [----] engagements
"View from $LBRT executive: - shale production per ft and per well has peaked - yet the economics is still improving due to cost efficiencies Sounds like recipe for greater services demand though I acknowledge they're probably talking their book $oih $pump $cfw.to $acdc"
[X Link](https://x.com/_EnergyRealist/status/1705955712977846766) 2023-09-24T14:41Z [----] followers, [----] engagements
"$xle $xop $ar $dvn $mro $fang $pxd US producers hedging update - both oil and gas hedges are at 5-year lows; this time everyone is positioned for the upside"
[X Link](https://x.com/_EnergyRealist/status/1706733320048927128) 2023-09-26T18:11Z [----] followers, [----] engagements
"Just a reminder that $EC went ex-div today. Yes the dividend is almost that big"
[X Link](https://x.com/_EnergyRealist/status/1706736164269371890) 2023-09-26T18:23Z [---] followers, [----] engagements
"Wen $RIG credit rating upgrade Per Moody's when EBITDA/interest coverage hits 2x. Last Q it was 1.3x and we can get there by late '24 even assuming no debt reduction/conversions. S&P issued upgrade but still CCC+; positive outlook but they also don't expect more upgrades NTM"
[X Link](https://x.com/_EnergyRealist/status/1707131140438392854) 2023-09-27T20:32Z [----] followers, [----] engagements
"$xle $xop The OPEC+ cuts have clearly succeeded in boosting oil prices but have also increased spare capacity. The latter part is likely why oil equities have not responded as strongly so far. Charts source: Moody's"
[X Link](https://x.com/_EnergyRealist/status/1707863032993309065) 2023-09-29T21:00Z [----] followers, [---] engagements
"$chk $crk $gpor $swn A simple reason why US #natgas production has been so resilient is that it's still profitable. Efficiencies and hedges yield higher margins than in past years with low prices. Bodes well for onshore $oih esp. with more #LNG capacity coming. Source: s&p #Natgas trades near $3/MMBtu following the rollover to the pricier Nov contract and as cooler weather awaits in early October. Stocks rose [--] bcf to [----] bcf last week 6% above the 5-yr avg. #natty https://t.co/2Mya4TvRla #Natgas trades near $3/MMBtu following the rollover to the pricier Nov contract and as cooler weather"
[X Link](https://x.com/_EnergyRealist/status/1707871415108596030) 2023-09-29T21:34Z [----] followers, [----] engagements
"#LNG The pipeline of regasification projects in Europe remains strong with potentially +40% capacity expansion compared to pre-war. One of the the $OIH names with exposure to the trend is $BKR as equipment supplier through its gas tech business (inherited from $GE)"
[X Link](https://x.com/_EnergyRealist/status/1708213598256841097) 2023-09-30T20:13Z [----] followers, [---] engagements
"Buy $XLE and #EmergingMarkets sell $XLK: [--]. US gov't spend as % of GDP at WW2 levels [--]. Deflationary assets still close to ATHs [--]. Real to financials assets RV close to 100yr lows [--]. US to global equities close to 70yr highs Charts: $BAC's weekly "flow show""
[X Link](https://x.com/_EnergyRealist/status/1708219604017823793) 2023-09-30T20:37Z [----] followers, [--] engagements
"$EC "Colombia's government will pay state-run oil company Ecopetrol more than 8T pesos ($2B) for its contribution to the Fuel Price Stabilization Fund corresponding to Q3" Gov't still paying its dues"
[X Link](https://x.com/_EnergyRealist/status/1708938722698248427) 2023-10-02T20:15Z [----] followers, [---] engagements
"Shelf Drilling $SHLLF also bags two contracts offshore Nigeria; implied dayrate $130000 Not as impressive as $BORR but neither are the rigs mentioned https://www.offshore-mag.com/rigs/article/14299812/two-shelf-rigs-awarded-work-offshore-nigeria $borr $oih Borr Drilling gets LOI for the Idun rig; implied dayrate $170000 https://t.co/IW3r4x7sbJ https://www.offshore-mag.com/rigs/article/14299812/two-shelf-rigs-awarded-work-offshore-nigeria $borr $oih Borr Drilling gets LOI for the Idun rig; implied dayrate $170000 https://t.co/IW3r4x7sbJ"
[X Link](https://x.com/EnergyRealist25/status/1709966445935734967) 2023-10-05T16:19Z [----] followers, [---] engagements
"Borr Drilling has also uploaded a new presentation. Not much new content but there's a good chart visualizing fleet age for the JU players. You could maybe say $BORR is the $RIG of jack-ups 😉"
[X Link](https://x.com/_EnergyRealist/status/1709968637094670809) 2023-10-05T16:27Z [----] followers, [----] engagements
"Besides offering int'l and offshore oilfield services exposure on the upstream side $BKR as equipment supplier is also a play on the growing $LNG infrastructure ADNOC awarded a contract to Baker Hughes for the supply of all-electric compression systems for the liquefaction of natural gas. #EnergyConnects #ADIPEC2023 #ADNOC #energynews #OOTT #EnergyTransition @ADNOCGroup @bakerhughesco @ADIPECOfficial https://t.co/5CVdZOAzTw ADNOC awarded a contract to Baker Hughes for the supply of all-electric compression systems for the liquefaction of natural gas. #EnergyConnects #ADIPEC2023 #ADNOC"
[X Link](https://x.com/_EnergyRealist/status/1710022652503511183) 2023-10-05T20:02Z [----] followers, [---] engagements
"$PXD indeed has one of the best portfolios among large US independents; however considering stock price I prob like $FANG $MRO better. Let's see what $XOM does. A deal should be positive for multiples across the whole peer group $xle $xop $oih"
[X Link](https://x.com/_EnergyRealist/status/1710364258037338354) 2023-10-06T18:39Z [----] followers, [----] engagements
"If you thought #deepwater #oil had long lead times developing a #copper mine takes on average [--] years per S&P's study. $NGLOY's Quellaveco which reported first production in [----] was discovered in the 60s #EnergyTransition #decarbonization #metals #mining $icln $dnngy $vwdry $copx $oih Another one bites the dust: "Headwinds facing the industry including record inflation supply chain disruptions and sharp interest rate hikes" Best #energytransition investments = metals/mining/offshore services https://t.co/iGh0QwGlJq $icln $dnngy $vwdry $copx $oih Another one bites the dust: "Headwinds facing"
[X Link](https://x.com/EnergyRealist25/status/1710744804890472648) 2023-10-07T19:52Z [----] followers, [----] engagements
"$copx $fcx $bhp This is still little appreciated by #energytransition advocates despite even the IEA drawing attention to it. I see #copper as one of the best hedges for an oil $xle portfolio - in case the "transition" magically works out after all"
[X Link](https://x.com/_EnergyRealist/status/1712488961568903527) 2023-10-12T15:22Z [----] followers, [---] engagements
"A nice #deepwater find by $KOS and partners $OXY $EQNR; the US GoM keeps giving for [--] years now. Supportive for #offshore $OIH"
[X Link](https://x.com/_EnergyRealist/status/1712898762668978617) 2023-10-13T18:31Z [----] followers, [----] engagements
"$oih $xle $bkr The absolute #rigcount numbers are obviously on different scale but as percent: Land -20% YoY Offshore +57% YoY Oil prices are the same for everyone but US GoM players seemingly find it more profitable to drill than their shale peers. Baker Hughes Rig Count Moves 10/13 total oil gas +3 #oott #crudeoil Baker Hughes Rig Count Moves 10/13 total oil gas +3 #oott #crudeoil"
[X Link](https://x.com/_EnergyRealist/status/1712903898384470302) 2023-10-13T18:51Z [----] followers, [----] engagements
"$DNNGY keeps sinking lower. Rising interest rates materials inflation and deglobalization are deflating the green bubble. #energytransition #greenflation #copper #windenergy Shares in rsted fell the most in more than a month after New York regulators ruled against a cost adjustment for offshore wind farms. #EnergyConnects #energynews #news #OOTT #windpower https://t.co/pKT6vNDGYN Shares in rsted fell the most in more than a month after New York regulators ruled against a cost adjustment for offshore wind farms. #EnergyConnects #energynews #news #OOTT #windpower https://t.co/pKT6vNDGYN"
[X Link](https://x.com/EnergyRealist25/status/1712915391079502213) 2023-10-13T19:37Z [----] followers, [---] engagements
"$oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still cheap-ish cf. $HAL at 12.3x Calfrac an outlier - is a Toronto listing such a penalty 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1713691831165211129) 2023-10-15T23:02Z [----] followers, [----] engagements
"$bhp $rio $vale "Iron ore futures rose Monday following the most recent stimulus moves by China's government" "The most-traded January iron ore on China's Dalian Commodity Exchange ended daytime trading +2.8%/highest since Sep. 25""
[X Link](https://x.com/_EnergyRealist/status/1713976007449788785) 2023-10-16T17:51Z [----] followers, [----] engagements
"$XOM the largest energy company trades at 12x forward earnings vs 78x for $TSLA. This is because Tesla is a "growth" stock 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1715079489166745671) 2023-10-19T18:56Z [---] followers, [---] engagements
"Got #copper "The world has to add or replace [----] million miles of transmission lines by 2040" = doubling the current electric grid per the IEA $bhp $fcx $hbm $copx"
[X Link](https://x.com/_EnergyRealist/status/1715088795610030555) 2023-10-19T19:33Z [----] followers, [---] engagements
"Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on"
[X Link](https://x.com/_EnergyRealist/status/1715424980895207457) 2023-10-20T17:49Z [----] followers, [----] engagements
"Another "fun" fact: $SLB Q3 FCF $1.04B $TSLA Q3 FCF $848M $SLB enterprise value $96B $TSLA enterprise value $677B () $xle and $oih still have a long way to go. Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on. https://t.co/7jGIm6PZ24 Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on."
[X Link](https://x.com/_EnergyRealist/status/1715426400658657294) 2023-10-20T17:54Z [----] followers, [----] engagements
"$bkr $oih $rig $borr More importantly the net +2 US rigs are GoM offshore Baker Hughes rig count 10/20/2023 Oil +1 Gas +1 #oott #CrudeOil Baker Hughes rig count 10/20/2023 Oil +1 Gas +1 #oott #CrudeOil"
[X Link](https://x.com/_EnergyRealist/status/1715428392508481678) 2023-10-20T18:02Z [----] followers, [---] engagements
"$SLB standing by its offshore thesis: "The supportive macro environment is also leading operators to make long cycle investments offshore where advances in efficiency have significantly improved project economics. We have visibility into FIDs extending well beyond 2025" Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on. https://t.co/7jGIm6PZ24 Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY -"
[X Link](https://x.com/_EnergyRealist/status/1715789939856589007) 2023-10-21T17:59Z [----] followers, [----] engagements
"Did $LBRT also just get bullish on #nuclear CEO ended the call by mentioning a $10m investment in Oklo a SMR player that is going public via the $ALCC SPAC of OpenAI founder Sam Altman. Curious move from a frac company 🤔"
[X Link](https://x.com/_EnergyRealist/status/1716168469631193250) 2023-10-22T19:03Z [----] followers, [---] engagements
"Oh my. The largest/highest multiple independents $PXD and $HES have been bought now. $XOM and $CVX don't seem interested in shitcos. So some of the shale SMIDs may never "re-rate" 🙄 https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23/ https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23/"
[X Link](https://x.com/_EnergyRealist/status/1716405160652439853) 2023-10-23T10:44Z [----] followers, [---] engagements
"Moody's rated $BORR's proposed $1.5b notes B3 (B-) while S&P is mulling BB- but preliminary. Both cite the industry strength but S&P also sees less "energy transition risk" in shallow water due to shorter payback times. Their words not mine. BB- would be huge let's see"
[X Link](https://x.com/_EnergyRealist/status/1716794583579840935) 2023-10-24T12:31Z [----] followers, 11.1K engagements
"Good earnings + guidance from $HLX despite EPS "miss": revenue +44% EBITDA +123%. Offshore $OIH is a growth sector: "The underlying macro drivers of the offshore energy service market continue to be constructive and supportive of a sustainable long-term investment cycle""
[X Link](https://x.com/_EnergyRealist/status/1716907576540192851) 2023-10-24T20:00Z [----] followers, [---] engagements
"$bkr $oih $slb $hal Baker Hughes beats earnings. Orders and EBITDA both growing faster than revenue. Strong demand for LNG equipment on the IET side; the OFS highlights include #offshore contracts in Angola and the North Sea"
[X Link](https://x.com/_EnergyRealist/status/1717606774256042056) 2023-10-26T18:19Z [----] followers, [---] engagements
"$pds $oih $nbr Precision Drilling rig hours are -10% from Q3'22 but revenue is +4%. Does this look like collapsing OFS pricing Tailwinds from Canada ("strongest fundamentals in a decade") and now only 5x '24 earnings. Not sure technical bottom is in but def getting oversold"
[X Link](https://x.com/_EnergyRealist/status/1717612921096671260) 2023-10-26T18:43Z [----] followers, [----] engagements
"$pds $esi.to $pten $nbr $hp $oih Oil rigs are now up [--] consecutive weeks. Assuming we have bottomed which land driller is the best value Ensign appears to have most upside but also the highest leverage. Nabors is down the most YTD. Estimates source: Refinitiv"
[X Link](https://x.com/_EnergyRealist/status/1717954780738228581) 2023-10-27T17:21Z [----] followers, [---] engagements
""According to Westwood there are already 10-year tenders for drillships in the market""
[X Link](https://x.com/_EnergyRealist/status/1717969193646035323) 2023-10-27T18:19Z [----] followers, [----] engagements
"$step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows $oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still cheap-ish cf. $HAL at 12.3x Calfrac an outlier - is a Toronto listing such a penalty 🤷♂ https://t.co/odhliwQXRm $oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still"
[X Link](https://x.com/_EnergyRealist/status/1718374658171338848) 2023-10-28T21:10Z [----] followers, [----] engagements
"$step.to $cfw.to $pump $lbrt $acdc $oih Valuations looking good heading into '24 but the deepest value now seems to be with the Canadian Calfrac and STEP. I particularly like Calfrac with their exposure to Argentina - rare for a small player to have international footprint. $step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows https://t.co/oBkU1o0V4S $step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows https://t.co/oBkU1o0V4S"
[X Link](https://x.com/_EnergyRealist/status/1718377594788192307) 2023-10-28T21:21Z [----] followers, [----] engagements
"$pds $pd.to $oih Precision Drilling feeling bullish: "Natural gas drilling is growing to meet the imminent needs of LNG Canada and heavy oil drilling has rebounded to levels not experienced since 2014""
[X Link](https://x.com/_EnergyRealist/status/1718964111625589190) 2023-10-30T12:12Z [----] followers, [----] engagements
"$DNNGY Another day another impairment - and another 25% slide within a single trading session for #ESG darling and wind giant rsted #energytransition #greenflation"
[X Link](https://x.com/EnergyRealist25/status/1719797785296335251) 2023-11-01T19:25Z [----] followers, [---] engagements
"Which energy sub-group offers the best investment value right now Some thoughts below (long post). Overall the year has been flattish for the sector: $XLE YTD total return +1.8% $OIH as services benchmark +10.3% $SPY so far at +14.9% However on forward P/E basis energy stocks remain among the cheapest in the market though now banking or select beaten down names like $T $VZ $WBA or $MO offer comparable multiples. This suggests some further revaluation for energy is possible but there is also quite some disparity in valuations within the sector as can be seen from the "value map." On the E&P"
[X Link](https://x.com/_EnergyRealist/status/1720847138014306805) 2023-11-04T16:55Z [----] followers, [----] engagements
"$amlp $kmi $et $epd The US "pipeline politics" also lead to paradoxes: - New England having to import LNG - Marcellus takeaway constrained leaving the higher cost Haynesville as "swing producer" Ultimately all this is inflationary. Midstream stocks can be an inflation hedge. Interstate pipeline construction in US drops 97% to record low from [----] to [----] due to a combination of red and green tape. As @FT writes several projects to move gas which is abundant in many states following the shale revolution from one state to another are being blocked. https://t.co/sDcYVU2rhs Interstate pipeline"
[X Link](https://x.com/_EnergyRealist/status/1721196624439845174) 2023-11-05T16:03Z [----] followers, [----] engagements
"Not good Q from $ACDC. The YTD gap to $LBRT has now widened to [--] percentage points There is more natgas exposure more leverage but also: QoQ revenue: $ACDC -19% $LBRT +2% QoQ EBITDA: $ACDC -18% $LBRT + 3% Same macro but some companies optimize their resources better. $step.to $cfw.to $pump $lbrt $acdc $oih Valuations looking good heading into '24 but the deepest value now seems to be with the Canadian Calfrac and STEP. I particularly like Calfrac with their exposure to Argentina - rare for a small player to have international footprint. https://t.co/9aN2PzfyRl $step.to $cfw.to $pump $lbrt"
[X Link](https://x.com/_EnergyRealist/status/1722716747298455842) 2023-11-09T20:44Z [----] followers, [----] engagements
"@Archbizhop1 EBITDA margins aren't that different 27% $LBRT v. 25% $ACDC. But ProFrac's topline drop is def out of line with rest of the peer group"
[X Link](https://x.com/_EnergyRealist/status/1722730446239277452) 2023-11-09T21:38Z [----] followers, [---] engagements
"As the $BKR #rigcount keeps dropping and making headlines it gets clearer we have separate storylines emerging underneath: US YoY -22% Canada = flat LNG Canada Coastal GasLink TMX should make for a busy '24. Who benefits The usual suspects $esi.to $pd.to $cfw.to $step.to"
[X Link](https://x.com/_EnergyRealist/status/1723055256035008980) 2023-11-10T19:09Z [----] followers, [---] engagements
"@Vmaxpax South Africa"
[X Link](https://x.com/_EnergyRealist/status/1723084642859823468) 2023-11-10T21:06Z [----] followers, [--] engagements
"ESG dumpster fire Orsted's CFO and COO have been sacked. Yet it's not the CFO's fault the free money era ended. Nor the COO's that cost inflation is up. $DNNGY should go back to it's original business model when it was known as Danish Oil & Nat Gas. https://www.rechargenews.com/wind/orsted-finance-chief-and-coo-out-after-4bn-us-offshore-wind-debacle/2-1-1553985 https://www.rechargenews.com/wind/orsted-finance-chief-and-coo-out-after-4bn-us-offshore-wind-debacle/2-1-1553985"
[X Link](https://x.com/EnergyRealist25/status/1724440402088825160) 2023-11-14T14:53Z [----] followers, [----] engagements
"$BORR up +5% today. Of course the whole market's going nuts because of the inflation print but $VAL is only +0.5% so far as comparison. So maybe this carries some signal for Borr's earnings release on Thursday. We'll find out soon 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1724462732332912831) 2023-11-14T16:22Z [----] followers, [----] engagements
"Valuations in the offshore drilling group aren't really that disparate. From high to low EV/est. [----] EBITDA: $RIG - 6.8x $BORR - 4.8x $NE - 4.7x $VAL - 4.5x $SDRL.OL - 4.4x $DO - 4.4x $DDRIL.OL - 2.1x Most are in a tight 4-5x range. Transocean is an outlier on the upper end but this multiple can come down quickly with reactivations from its massive cold-stacked pile = option value. Dolphin seemingly an outlier on the lower end but let's acknowledge they had [--] rigs + [--] now acquired from Transocean: Paul Lloyd (1990) Transocean Leader (1987) So their 2x multiple probably reflects the less than"
[X Link](https://x.com/anyuser/status/1724768837134938566) 2023-11-15T12:38Z [----] followers, [----] engagements
"$NBR issuing $550m in [----] notes to refinance its [----] ones; longer maturities at expense of likely higher interest rate. The notes earned B+ from Fitch: - US weakness but strong international activity - Comparable risk to $PDS overall - Very conservative $CL assumption of $57/bbl post-2026 These notes will likely outperform but unfortunately it's 144a placement"
[X Link](https://x.com/_EnergyRealist/status/1724884878087385393) 2023-11-15T20:19Z [----] followers, [----] engagements
"Bought $ESI.TO yesterday. ATB's Waqar Syed has '$C7 target ('$C8 five days ago) cf. '$C2 price now. Not as bullish as Mr. Syed (hoping "only" for 40-50% gain) but at 3x '24 EBITDA and reasonable credit spread not sure much downside left. Good things coming in next year 🙏"
[X Link](https://x.com/_EnergyRealist/status/1725503164424614165) 2023-11-17T13:16Z [----] followers, [---] engagements
"$esi.to $pd.to $cfw.to $bkr Small uptick in U.S. rigs but still down a lot from year ago; Canada YoY looking good on the other hand basically flat"
[X Link](https://x.com/_EnergyRealist/status/1725592601523368063) 2023-11-17T19:11Z [----] followers, [---] engagements
"With all #DeepWater bullishness in my feed it was quite a shocker to see retail dumped drillers last month (S&P's capital flows analysis): At the end of the day I guess the big bad "white space" did scare away folks 🤷♂ Noteworthy though institutional investors bought quite a bit: I'd say in this case the institutional guys are showing they may very well be the "smart money" 😉 $borr $val $rig $ne $do $sdrl $oih #oott #eft"
[X Link](https://x.com/anyuser/status/1727034813016690958) 2023-11-21T18:42Z [----] followers, [----] engagements
"$bhp $fcx $xle $dnngy "Slow EV sales growth and project cancellations in the renewable sector are impacting copper demand" That's exactly why #copper is a "hedge" for a fossil fuel portfolio. The #EnergyTransition may play out in different ways. https://oilprice.com/Metals/Commodities/Offshore-Wind-Project-Cancellations-Add-to-Copper-Demand-Concerns.html https://oilprice.com/Metals/Commodities/Offshore-Wind-Project-Cancellations-Add-to-Copper-Demand-Concerns.html"
[X Link](https://x.com/EnergyRealist25/status/1727039456509858144) 2023-11-21T19:01Z [----] followers, [---] engagements
"$CFW.TO $STEP.TO $LBRT $PUMP $PTEN $ACDC $OIH *FRAC UPDATE 11/26/2023* While U.S. land rigs were +3 last week to [---] the frac spread count has been more impressive. Frac spreads are now +15% off the Sep. [--] bottom: The frac spreads to rigs ratio started [----] below the historical ranges but will likely end the year close to the historical highs: Some of it may be the changing technical landscape with longer wells/greater completion intensity and some the continued DUCs depletion. The bottom line is completions companies didn't do terribly. With the latest data point at [---] active spreads I'm"
[X Link](https://x.com/_EnergyRealist/status/1728889128077455767) 2023-11-26T21:31Z [----] followers, [----] engagements
"$borr $ddril.ol $ne $nol.ol $odl.ol $shllf $sdrl $rig $val $oih Floater rig demand-supply bridge from Arctic Securities' mildly bearish "prolonged mid-cycle"/"roll over risk" report (couple weeks dated but probably still relevant). Looks they see [----] supporting [---] rigs (drillships + semis) with [---] rigs potentially competing for this work = 90% marketed utilization. Interestingly to get to [---] supply the bridge analysis assumes Transocean would re-activate [--] drillships + Henry Goodrich. Yet RIG is the only ticker rated "hold" by Arctic; everyone else is a "buy." I get RIG is more expensive"
[X Link](https://x.com/anyuser/status/1729600044695769127) 2023-11-28T20:35Z [----] followers, 10.8K engagements
"@churnerofmarket I watch the debt market too and RIG looks improving from that perspective; $6 is a pretty good deal imo. When you could buy for $3 the refinancing was very far from certain"
[X Link](https://x.com/_EnergyRealist/status/1729707049204830478) 2023-11-29T03:41Z [----] followers, [---] engagements
"$ESI.TO $OIH Ensign Energy has announced the anticipated redemption of its April '24 notes: - with recent changes to the RCF maturities are effectively pushed out to October '26 - est. 8% interest rate for [----] - lower than the redeemed notes - more debt reduction on the way"
[X Link](https://x.com/_EnergyRealist/status/1730570838154289317) 2023-12-01T12:53Z [----] followers, [---] engagements
"Reports out that #copper miners $copx have agreed lower treatment charges with smelters for the first time in [--] years. This is associated with tightening concentrate supply. Copper futures are +10% from the October lows"
[X Link](https://x.com/_EnergyRealist/status/1731661198607720713) 2023-12-04T13:06Z [----] followers, [---] engagements
"Other than First Quantum's Panama issues Chinese imports have been good despite the weak economy. It may have to do with adding record [---] GW renewables capacity this year cf. [--] GW by and [--] GW in Bullish for the "oil-copper barbell" 👌"
[X Link](https://x.com/_EnergyRealist/status/1731663127358427411) 2023-12-04T13:13Z [----] followers, [---] engagements
"Petronas and PTTEP adding [--] bboe discoveries in Malaysia this year; [--] exploration wells drilled highest since [----]. NOC capex = tailwind for offshore OFS; [--] of $BORR's [--] JUs are also in SE Asia"
[X Link](https://x.com/_EnergyRealist/status/1731742589244604848) 2023-12-04T18:29Z [----] followers, [----] engagements
"*SHALE PRODUCTION GROWTH AND PRIVATES* I was a bit skeptical we can just attribute all the surprise in shale production growth to private E&Ps but a research note from S&P seems to support this thesis too. Further this growth has been super concentrated - just [--] privates (out of 11000) apparently added [------] bpd relative to Dec. 2019: So for the lack of "capital discipline" you can blame: - Endeavor - Mewbourne - Kaiser Francis - CrownQuest But since they don't have investor relations departments they won't care much. It is rumored the PE funds behind these operators are looking to exit so"
[X Link](https://x.com/anyuser/status/1732088946312483151) 2023-12-05T17:26Z [----] followers, 55.9K engagements
"$PG among the worst performers today due to a Gillette related write-off. It looks "the best a man can get" nowadays is just another GAAP impairment 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1732114693081244082) 2023-12-05T19:08Z [----] followers, [---] engagements
"I see many comments drawing bearish conclusions from the #Venezuela #Guyana dispute and even links to $XOM $CVX weakness. Yet why was the Israel-Gaza conflict bullish for #oil but this is bearish Guyana = major exporter; Biden relies now on Venezuela barrels to keep a lid on prices. If anything serious happens down there (I am sincerely hoping it doesn't escalate) this will be bullish for oil not bearish. So the 6-handle on oil probably says it's just a show put on for domestic Venezuelan politics"
[X Link](https://x.com/_EnergyRealist/status/1732872530799575387) 2023-12-07T21:19Z [----] followers, [----] engagements
"The EIA product inventory data may have disappointed but we have a slightly bullish ARA report today. Only gasoil (diesel) is a build; draws across all others $xle"
[X Link](https://x.com/_EnergyRealist/status/1732873245483765923) 2023-12-07T21:22Z [----] followers, [---] engagements
"$xle $oih Saudi Arabia already projected to swing into budget deficit this year. They'll finance through debt but interest rates are still high. Doesn't look like the best time for an oil price war does it 🤔 Chart via Eurasia Group:"
[X Link](https://x.com/_EnergyRealist/status/1733125368020599267) 2023-12-08T14:04Z [----] followers, [---] engagements
"Frac spreads now +14% from their recent bottom and continue closing the gap to [----] $lbrt $pump $acdc $cfw.to $step.to $oih"
[X Link](https://x.com/_EnergyRealist/status/1733902405769585005) 2023-12-10T17:32Z [----] followers, [----] engagements
"Copper S/D tightening further after Anglo-American lowers guidance: "Macquarie now expects #copper market surpluses of [------] and [------] tons for [----] and [----] respectively down from previous forecasts of [------] and [------] tons" $copx $fcx $bhp"
[X Link](https://x.com/_EnergyRealist/status/1734327891461063150) 2023-12-11T21:42Z [----] followers, [---] engagements
"@Energy_Tidbits Some fat fingers at $BKR"
[X Link](https://x.com/_EnergyRealist/status/1736103576307462570) 2023-12-16T19:18Z [----] followers, [---] engagements
"@NorthmanTrader At this point Kamala Harris as spokesperson may be an upgrade"
[X Link](https://x.com/_EnergyRealist/status/1736853569708474594) 2023-12-18T20:58Z [----] followers, [---] engagements
"As all eyes are on US ShaleCos' growth one area where [----] production will be flat or may even decline is China despite CNPC and Sinopec outspending $XOM and $SHEL. China dominates demand discussions but is also the 6th largest producer $xle $oih"
[X Link](https://x.com/_EnergyRealist/status/1737475039140753806) 2023-12-20T14:08Z [----] followers, [---] engagements
"ATB Capital's Christmas gift to Ensign Energy $ESI.TO shareholders was a PT cut from C$7.00 to C$5.00 🤷♂ That is still more than 100% upside though from C$2.23 today so it doesn't seem there's a qualitative change in the thesis. Average PT across analysts is now C$4.54"
[X Link](https://x.com/anyuser/status/1739705744985883034) 2023-12-26T17:52Z [--] followers, [---] engagements
"The central bank rate cuts tally looking to break out as peak rate hikes are clearly behind us now #inflation #FederalReserve #economy #EconTwitter"
[X Link](https://x.com/_EnergyRealist/status/1740025947695513679) 2023-12-27T15:04Z [----] followers, [---] engagements
"#oil #oilprice #oott #eft $xle $oih Summary of the [----] oil price forecasts from major banks and research firms. Average WTI = $80. Will throw out too my "sophisticated" number of $77 WTI = latest spot price at $74 + 5% dollar debasement 😬"
[X Link](https://x.com/_EnergyRealist/status/1740390051752640732) 2023-12-28T15:11Z [----] followers, [----] engagements
"$oih $rig $ne $val $sdrl $borr Retail sold drillships again in November. What's up people 😲 Meanwhile institutions bought though less MoM. More noteworthy that institutions did so as they dumped other energy. Conclusion: Institutional guys don't read Pareto 😂"
[X Link](https://x.com/_EnergyRealist/status/1740445086734053705) 2023-12-28T18:50Z [----] followers, [----] engagements
"$oih $xle $nbr $esi.to $rig $borr S&P's Upstream Insights updates its capex forecast; 2023-2027 CAGR: onshore +1% offshore + 7.2% This implies offshore +40% in [--] years; also for 1% revenue growth EBITDA will prob grow 1.5% due to operating leverage"
[X Link](https://x.com/anyuser/status/1744047252358762909) 2024-01-07T17:24Z [----] followers, [----] engagements
"Onshore basically flat but some of the multiples are so low they effectively price negative growth"
[X Link](https://x.com/_EnergyRealist/status/1744047255684866501) 2024-01-07T17:24Z [----] followers, [---] engagements
"@BrianGitt @ArjunNMurti Fully agree with the energy thesis but this chart doesn't prove anything. Energy % is down because $AAPL $AMZN few others have huge mkt caps. Let's say they're overvalued and correct down to some fair value. Energy % now up but energy stocks haven't moved at all"
[X Link](https://x.com/_EnergyRealist/status/1744315785961463861) 2024-01-08T11:11Z [----] followers, [---] engagements
"$RIG's capital markets day deck is up a few nice slides: Meanwhile BofA "goes Pareto" on the company and cuts PT to $5.5 down from $6.0 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1745520752508461121) 2024-01-11T18:59Z [----] followers, [----] engagements
"Lots of dis-inflationary data today but it looks the Red Sea issues may quickly reverse that 🤔"
[X Link](https://x.com/_EnergyRealist/status/1745837821863031040) 2024-01-12T15:59Z [----] followers, [---] engagements
"First time in Las Palmas and I didn't realize it was an open-air rig museum. From L to R: [--]. $NE's stacked Pacific Meltem & Scirocco [--]. $VAL's DS-7 supposedly being re-activated [--]. DS-11 stacked [--]. $NE's Faye Kozack - I assume just enjoying the "white space" No $RIG's"
[X Link](https://x.com/anyuser/status/1746275414505299984) 2024-01-13T20:57Z [----] followers, [----] engagements
"@MugsLuck It was hazy day so my pics aren't the best quality but there is def some activity going on the ds-7"
[X Link](https://x.com/anyuser/status/1746278200307560454) 2024-01-13T21:09Z [--] followers, [---] engagements
"$xle $xop $oih Aramco's CEO at Davos: - oil demand at [---] million bbl/d in '24 - spare capacity 3.5% - "Good growth and demand is very healthy in China" Yes he's talking his book but similar messaging from other actors"
[X Link](https://x.com/_EnergyRealist/status/1747612523916910727) 2024-01-17T13:31Z [----] followers, [----] engagements
"IMHO the $RIG selloff isn't about RIG as the entire $XLE/ $OIH sector including giants like $XOM and $SLB is getting pummeled. RIG is simply higher beta. I took a look just now at RIG's credit spreads YTD: 1) 7.45% 15-Apr-27 unsecured notes OAS tightened by [--] bps 2) 7.00% 01-Jun-28 sr. unsecured notes OAS tighter by [--] bps 3) 7.50% 15-Apr-31 sr. unsecured notes OAS wider by [--] bps 4) 9.35% 15-Dec-41 sr. unsecured notes OAS tighter by [--] bps The debt and equity markets don't appear to be speaking in one voice. Notes: a) OAS = option-adjusted spread as practically all these issues are callable;"
[X Link](https://x.com/anyuser/status/1747629158019011066) 2024-01-17T14:37Z [----] followers, 11K engagements
"@tradeoilstocks I bought my $CVE lottery ticker in the 14s today 🤞"
[X Link](https://x.com/_EnergyRealist/status/1747720862382297443) 2024-01-17T20:41Z [----] followers, [---] engagements
"@vinceloyola @wander_investor It can grow 20000% but it's from a tiny base. Many foreigners hang out in Roma and Polanco and think that is representative of the whole country"
[X Link](https://x.com/_EnergyRealist/status/1748012472873755131) 2024-01-18T16:00Z [----] followers, [--] engagements
"So basically $SLB gapped up on the solid earnings but quickly got faded; OFS "optimism" doesn't carry the same weight as $TSMC's semi-conductor optimism 🤷♂"
[X Link](https://x.com/_EnergyRealist/status/1748439028515369105) 2024-01-19T20:15Z [----] followers, [----] engagements
"So Benchmark downgrades $NBR. I fully agree the $OIH strength is in international/offshore and likely Canada but they rated Nabors a "buy" in July when it was $108. This week at $74 though it is a "hold" 🤔"
[X Link](https://x.com/_EnergyRealist/status/1748474557990592535) 2024-01-19T22:36Z [----] followers, [----] engagements
"1/ Digesting $SLB's must-listen earnings call: The international capex cycle continues: This is why you need OFS stocks. Energy security/NOC driven growth isn't bullish for ShaleCos or #COM plays. Super bullish for OFS though"
[X Link](https://x.com/anyuser/status/1748720464820592804) 2024-01-20T14:53Z [----] followers, 13.9K engagements
"Just heads up Grok is short $RIG 😂 Interesting source too @MugsLuck"
[X Link](https://x.com/_EnergyRealist/status/1748805896455573983) 2024-01-20T20:33Z [----] followers, [----] engagements
"Susquehanna raises $SLB target from $72 to $77 but Barclays cuts from $77 to $74. Stifel up $63 to $64. Sentiment improvement for the drillers will have to start from the OFS majors"
[X Link](https://x.com/_EnergyRealist/status/1749425159390351485) 2024-01-22T13:33Z [----] followers, [---] engagements
"$oih $rig $ne $val $do $sdrl $borr Retail's sentiment to drillers improved last month per S&P's capital flows tracking but December was again a net outflow. Institutional investors remain net buyers and inflows were on par with November"
[X Link](https://x.com/_EnergyRealist/status/1749500793076482141) 2024-01-22T18:34Z [----] followers, [----] engagements
"TD's recent research note on $NEM sees gold down to $1750 (nominal) by 2028: This is what analysts and $XME seem to price in. With all the financialization/fiscal deficits there is way too much complacency about where #gold #oil and other commodities will exit the decade"
[X Link](https://x.com/_EnergyRealist/status/1749671134352597182) 2024-01-23T05:51Z [----] followers, [---] engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@_EnergyRealist The Energy Realist
The Energy Realist posts on X about $oih, $rig, $borr, $xle the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.
Engagements: [---] #
- [--] Week [------] +165%
- [--] Month [------] -10%
- [--] Months [-------] -26%
- [--] Year [-------] +15%
Mentions: [--] #
- [--] Week [--] +42%
- [--] Month [--] +9.80%
- [--] Months [---] +22%
- [--] Year [---] +32%
Followers: [-----] #
- [--] Week [-----] +0.27%
- [--] Month [-----] +0.70%
- [--] Months [-----] +13%
- [--] Year [-----] +31%
CreatorRank: [---------] #
Social Influence
Social category influence stocks finance cryptocurrencies countries technology brands automotive brands travel destinations currencies social networks exchanges
Social topic influence $oih #17, $rig #77, $borr #10, $xle, $val #64, $ne, $pten #2, $slb, $lbrt #6, $nbr
Top accounts mentioned or mentioned by @gringoinvesting @mugsluck @javierblas @varianceswap @icbarrett @tommydeepwater @offshoremayor @lasse108 @ultradeep3 @stonksandchill @archbizhop1 @churnerofmarket @mikeoilinvest @rakoraja @illiniprogrammr @shedrills @opinion @crudeoil231 @natgasturk @okaythenme
Top assets mentioned Transocean LTD. (RIG) Borr Drilling Limited (BORR) Validity (VAL) Noble Corporation (NE) Patterson-UTI Energy Inc (PTEN) Schlumberger NV (SLB) Liberty Energy Inc. (LBRT) PumpBTC (Governance token) (PUMP) ProFrac Holding Corp. (ACDC) Baker Hughes Co (BKR) Hippo Protocol (HP) Exxon Mobil (XOM) Seadrill Limited (SDRL) Halliburton Company (HAL) Diamondback Energy Inc (FANG) Marathon Oil Corporation (MRO) Copiosa Coin (COP2) Pioneer Natural Resources Co (PXD) Morgan Stanley (MS) Devon Energy Corp (DVN) Arweave (AR) EQT, Corp. (EQT) Nash Exchange (NEX) BHP Group Limited (BHP) Ecopetrol S.A (EC) LyondellBasell Industries NV (LYB) APA Corp (US) (APA) Ovintiv, Inc. (OVV) Tidewater, Inc. (TDW) EOG Resources Inc (EOG) NVIDIA Corp. (NVDA) PolkaBridge (PBR) TechnipFMC (FTI) Comstock Resources, Inc. (CRK) Tenaris S. A. (TS) Hess Corp. (HES) Range Resources, Corp. (RRC) ChampionX Corporation (CHX) Convex Finance (CVX) Freeport-McMoRan Inc (FCX) Nov Inc (NOV) Oxygen (OXY)
Top Social Posts
Top posts by engagements in the last [--] hours
"Heading in [----] per IHS #oil and #natgas independents have significantly reduced their hedges vs. [----]. Hedging has been more expensive due to paper market volatility but the group likely feels bullish too $DVN $EOG $MRO $FANG $APA $COP $HES $OXY $PXD $OVV #oott #ongt"
X Link 2022-12-18T23:15Z [----] followers, [----] engagements
"Oil & gas relative valuations update #CL_F #oott #eft #ongt $XLE $XOP $APA $COP $FANG $EOG $HES $MRO $PXD $AR $CHK $CNX $CTRA $EQT $GPRT $RRC $CNQ $CVE avg. large NAM oil P/CF 3.97x avg. large NAM gas P/CF 2.73x avg. midsize & small oil P/CF 2.30x 1/ Large NAM with oil focus:"
X Link 2023-01-02T20:10Z [----] followers, [----] engagements
"Goldman sees $115 Brent: "Supply challenges are structural based on years of underinvestment. While weakness may persist from factors such as higher real rates USD strength and recessionary concerns longer-term physical tightness will not be easily resolved." #oott #oil"
X Link 2023-01-07T23:04Z [----] followers, [----] engagements
"1/ Capex and production change for N. America E&Ps; note the numbers aren't adjusted for acquisitions #oott #oil #ongt $XLE $XOP $OIH $ESTE $CIVI $WCP $MTDR $VET $MEG $COP"
X Link 2023-01-11T21:04Z [----] followers, [---] engagements
"Share count reduction for large US independents; $MRO is the undisputed #buybacks leader $APA $COP $OVV $OXY $PXD $DVN $FANG $HES $EOG $XLE $XOP #oott #oil #ongt"
X Link 2023-01-17T19:08Z [----] followers, [----] engagements
"1/ With oilfield services inflation stealing the spotlight the biggest cost increase for operators in [----] have actually been production taxes; a "good" cost as it is driven by the higher price realizations #oott #oil #ongt $XLE $XOP $OIH"
X Link 2023-01-19T20:38Z [----] followers, [---] engagements
"2/ While #ofs costs are up a lot too all-in cash costs as percent of revenue were lower even than in 2014; this should bode well for services companies $OIH $SLB $HAL $BKR $ACDC $CFW $CHX $FET $ICD $KLXE $SND $OIS $IEZ $XES"
X Link 2023-01-19T20:38Z [----] followers, [---] engagements
"$SLB's CEO Le Peuch: "Deepwater will be the highest operating environment activity growth in 2023" #oott $XLE $OIH $RIG $BORR $TDW $OIS"
X Link 2023-01-20T21:21Z [----] followers, [----] engagements
"Of the remaining [--] cold stacked ultra-deepwater drillships reported by Woodmac [--] are Transocean rigs. Statistically any new re-activations in [----] should involve $RIG drillships $VAL $NE $XLE $OIH #oott"
X Link 2023-01-22T21:09Z [----] followers, [----] engagements
"Operating leverage will do wonders for the #ofs sector in the bull cycle $SLB $OIH $XLE #oott"
X Link 2023-01-24T19:44Z [----] followers, [---] engagements
"1/ EV per flowing boe relative valuation updates: Large oil-focused: $APA $55197 $COP $80474 $DVN $74555 $FANG $74489 $EOG $81531 $HES $136395 $MRO $53755 $OXY $53003 $OVV $30440 $PXD $87594"
X Link 2023-02-08T18:22Z [----] followers, [----] engagements
"$CFW $CFWFF: "For [----] we are anticipating steady demand for our [--] fracturing fleets in the United States" #oott $XLE $OIH Another #ofs player in growth mode:"
X Link 2023-03-16T22:21Z [----] followers, [---] engagements
"$ACDC down -15%: "Lower commodity prices have impacted our customers' business over the last several months." The big ones $EQT $RRC are gas-oriented so conclusions don't necessarily extend to oil; the valuation was compelling even before the price drop #oott $OIH"
X Link 2023-03-21T19:36Z [----] followers, [----] engagements
"Oil production hedging update $FANG $CLR $CIVI $EOG $OVV $DVN $CPE $SM $PR $VTLE $CHRD $PDCE $XLE #oott"
X Link 2023-03-30T21:40Z [----] followers, [---] engagements
"$cvx $xom $tte $shel $eqnr $bp $e Multiples for integrated oil companies: US-based European-based All lower than their historical averages Chart source: S&P #oott $XLE"
X Link 2023-04-11T19:46Z [----] followers, [---] engagements
"Besides the rising dayrates the lengthening of the contract terms is another sign of the ongoing bull market in offshore rigs #oott $xle $oih $rig $borr $ne $val http://www.offshore-mag.com/rigs-vessels/article/14275017/rig-contract-terms-continue-to-lengthen-says-evercore-isi http://www.offshore-mag.com/rigs-vessels/article/14275017/rig-contract-terms-continue-to-lengthen-says-evercore-isi"
X Link 2023-04-17T19:26Z [----] followers, [----] engagements
"The DPR shows Haynesville still growing. But there's hardly an #OFS earnings call without analysts asking if the Haynesville cutting back won't flood other basins with excess services capacity. $LBRT $ACDC $PUMP $CFW.TO have been sold off to ridiculous levels on a theory that is so far just a theory #oott"
X Link 2023-04-24T21:02Z [----] followers, [---] engagements
"Bullish comments for N. America pressure pumping from $hal also relevant for $lbrt $acdc $pump $cfw.to $oih E&Ps are switching to e-fleets too as they look for efficiencies. Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity https://t.co/lXHmA9JEGj via @NGInews E&Ps are switching to e-fleets too as they look for efficiencies. Halliburton Moving Some U.S. Natural Gas Fleets to Oil Basins as E&Ps Await More LNG Export Capacity https://t.co/lXHmA9JEGj via @NGInews"
X Link 2023-04-25T19:00Z [----] followers, [---] engagements
"$bkr #rigcount: Gas rigs are up +2; Haynesville [---] but Marcellus and Utica add $oih $lbrt $pump $acdc $cfw.to"
X Link 2023-04-28T19:06Z [----] followers, [---] engagements
"2/ Then: "Consistent with the longer-term (Permian) production profile that we've outlined we got a big base business that does have decline underneath it. And so you're going to expect us to add some additional rigs as we move into '24""
X Link 2023-04-30T20:29Z [----] followers, [---] engagements
"3/ Lastly: "We're adding a rig in the #Haynesville. We talked about that for a number of years building up to that activity. Gas prices are going to be volatile. And frankly we need to get developing that resource." $acdc $nine"
X Link 2023-04-30T20:29Z [----] followers, [---] engagements
"Finally made it to $RIG's transcript: "We believe that as a result day rates will continue to trend upward especially for the higher specification ultra-deep water. In fact by the end of the year we expect leading-edge rates to exceed $500000 per day"🙏 $oih $val $ne"
X Link 2023-05-02T18:18Z [----] followers, [----] engagements
"$oih $xle $pump #oott 1/ Some insights from the earnings call of ProPetro which along with $LBRT and $ACDC is among the badly beaten pressure pumping stocks"
X Link 2023-05-04T20:00Z [----] followers, [----] engagements
"$oih Looking at the $bkr #rigcount the Haynesville "swing gas producer" is down [---] rig but the Permian is -5🤔I remain bullish $lbrt $pump"
X Link 2023-05-06T16:18Z [----] followers, [---] engagements
"Updated frac spreads chart; [---] week on week but still tracking well the [----] levels $oih $lbrt $pump $acdc $cfw.to $xle #oott"
X Link 2023-05-06T16:21Z [----] followers, [---] engagements
"$RIG Transocean Equinox has found work in Australia; based on the report the #dayrate comes to $457000 👏 It's in addition to mobilization fees but Norway to Australia journey ain't short $oih $xle $ne $val https://www.offshore-energy.biz/major-operator-books-transoceans-idle-rig-for-work-off-australia/ https://www.offshore-energy.biz/major-operator-books-transoceans-idle-rig-for-work-off-australia/"
X Link 2023-05-10T20:53Z [----] followers, [----] engagements
"Another day another offshore contract. This time for $subcy backlog $750m customer undisclosed. Long-cycle 🐂 market $oih $xle $ois https://www.subsea7.com/en/media/company-news/2023/Subsea7_awarded_major_contract.html https://www.subsea7.com/en/media/company-news/2023/Subsea7_awarded_major_contract.html"
X Link 2023-05-13T21:29Z [----] followers, [---] engagements
"Well you had plenty of time to make up your mind and lock in some long-term contracts while the #rig market was still soft; now it's become you snooze you lose🤷♂ $eqnr $rig $val $ne $oih #eft https://www.upstreamonline.com/exclusive/norway-losing-more-offshore-drilling-rigs-to-overseas-exploration-hotspots/2-1-1447637 https://www.upstreamonline.com/exclusive/norway-losing-more-offshore-drilling-rigs-to-overseas-exploration-hotspots/2-1-1447637"
X Link 2023-05-14T21:48Z [----] followers, [----] engagements
"🐂outlook from $ACDC: "continue to see tightness in the market" "majority of workable capacity is held by a small group of disciplined players" customers seek premium assets customers didn't ramp up at [---] oil/10 gas so not much to cut back now "industry remains sold out""
X Link 2023-05-15T21:20Z [----] followers, [---] engagements
"However last week JPM cut $ACDC $18 to $15 on "above average exposure to the spot market private E&Ps and natural gas plays" All [--] are non-issues or smaller issues for $PUMP and $LBRT: All [--] are undervalued but $pump $lbrt safer IMO"
X Link 2023-05-15T21:20Z [----] followers, [---] engagements
"$rig $ne $val $borr $oih Somewhat misleading article citing Evercore: "With both floaters and jackups averaging near 90% marketed utilization we expect contracting activity to remain light" Well you can't sell the same rig twice so high utilization = fewer new contracts"
X Link 2023-05-16T15:33Z [----] followers, [--] engagements
"$wmt: "We continue to gain market share in the grocery category including with higher income and younger shoppers" Looks the "roaring 20s" version [---] will end up at Walmart🤷♂ #inflation #recession #economy #YOLO"
X Link 2023-05-18T14:04Z [----] followers, [--] engagements
"Great infographic from BofA. Mind you these are revenue multiples not earnings. For comparison even the "getting expensive" $XOM and $CVX trade around 10x fwd P/E $xle $xop #eft #oott"
X Link 2023-05-19T13:13Z [----] followers, [---] engagements
"After a big drop last week the $bkr gas #rigcount is flat this week; #natgas itself is also up. Surprise drop in oil rigs though with the biggest losses coming from the Permian and Eagle Ford $lbrt $pump $nbr $oih"
X Link 2023-05-19T17:12Z [----] followers, [--] engagements
"$cfw.to: "there's a chance there will be some underutilized fleets from our competitors that are looking for a home. .but we're well established with our customer base and feel fairly confident that the pricing will stay at least flat" $lbrt $pump $nex $acdc $oih"
X Link 2023-05-20T16:21Z [----] followers, [---] engagements
"3/ One company Ovintiv $ovv has a significant effect on the capex averages (50% YoY)"
X Link 2023-05-21T20:56Z [----] followers, [--] engagements
"$CHRD acquires Williston basin assets from $XOM; price appears to be $62500 per flowing barrel but the acreage is likely the driver"
X Link 2023-05-23T17:26Z [----] followers, [--] engagements
"$borr "We reaffirm our previously communicated guidance of adjusted EBITDA of $360 million to $400 million for 2023" = [--] EV/EBITDA but also: "further increases in q3 and q4 as our two remaining stacked rigs are being activated" $oih $val $ne #eft #oott"
X Link 2023-05-23T20:44Z [----] followers, [----] engagements
"Positive outlook from Seadrill: "Industry analysis projects that offshore capex will increase by about 10% to 15% this year with further growth to follow in [----] and 2025" $sdrl $rig $ne $val $oih"
X Link 2023-05-24T18:22Z [----] followers, [--] engagements
"After $nvda this morning I'm hopeful the market notices $slb's use of "AI" in its marketing materials and sends $oih stocks to the moon too😂 $xle #eft #oott https://www.bloomberg.com/press-releases/2022-04-29/schlumberger-expands-global-ai-innovation-network-with-opening-of-artificial-intelligence-center-in-europe-l2klurwp https://www.bloomberg.com/press-releases/2022-04-29/schlumberger-expands-global-ai-innovation-network-with-opening-of-artificial-intelligence-center-in-europe-l2klurwp"
X Link 2023-05-25T14:05Z [----] followers, [---] engagements
"$oih $rig $ne $val No dayrate reported but the long 5-year contract for the [--] Gen Evolution is indicative of a bull market. Of its [--] rigs Stena now only has the Stena Spey semi available (from August) and that asset is from 1983"
X Link 2023-05-31T20:14Z [----] followers, [--] engagements
"$shllf $borr $oih Shelf Drilling points out that the available jack-up #rigs are pretty much back down to [----] levels. The difference: We had [---] JUs under construction in [----] that would add to rig supply vs. only [--] now #oott"
X Link 2023-06-01T17:39Z [----] followers, [----] engagements
"Recent comments from OFS major $slb: "EBITDA and revenue CAGRs in this cycle will exceed those achieved in the prior growth cycle of 2009-2014" Offshore seen as the biggest driver with 2025e capex more than 30% above [----] $oih $ois $borr $rig"
X Link 2023-06-07T13:32Z [----] followers, [----] engagements
"$oih $xle $slb $bkr $ois $rig $borr We've heard much talk lately about the reversal in U.S. rig counts and #OFS stocks have retracted quite a bit. However the growth in the international rig count (land + offshore) remains uninterrupted: (1/7)"
X Link 2023-06-11T19:24Z [----] followers, [----] engagements
"(7/7) The market shows little appreciation for differing fundamentals within the energy sector. $SLB for example also fell on the U.S. shale gas woes despite 80% international revenue. IMO $70 oil may also favor active investing in the sector more than $120 does"
X Link 2023-06-11T19:24Z [----] followers, [---] engagements
"Good day for $nex $lbrt $pump $acdc so far: It is a green day for #oil but there may be something to the WSJ $pten $nex merger story too. Industry consolidation = greater pricing power"
X Link 2023-06-13T16:16Z [----] followers, [---] engagements
"As the Fed keeps rates higher for longer the implied borrowing cost for E&P companies will stay high too; monetary policy also restricts oil production growth as more cash flow will be directed to debt reduction to avoid expensive refinancing $xle $xop $mro $ar $pxd $oxy $apa"
X Link 2023-06-14T19:38Z [----] followers, [----] engagements
"$pump $lbrt $nex $acdc $oih Rig count is down again but frac spreads are up second week in a row after a several week slide:"
X Link 2023-06-17T12:25Z [----] followers, [---] engagements
"Nice article/no paywall: "the industry is largely sold out" "marketed utilization for 7th-generation drillships at 95%" "6th-generation drillships have also increased to the low 90%" $oih $rig $borr $val $ne $sdrl"
X Link 2023-06-18T17:29Z [----] followers, [--] engagements
"Another day another FID. First oil expected [----] with "18 wells drilled in the initial phase"/ [--] total. Who is going to drill them $rig $val $ne $sdrl $oih Offshore unfazed by $70 🛢"
X Link 2023-06-21T16:11Z [----] followers, [--] engagements
"$TALO #carboncapture #energytransition #oott: - CCS has triggered a US GoM land grab - [--] companies Cox $XOM and Talos hold 47% of the active shallow-water acreage - a $TALO merger announcement with UK's Harbour Energy "could trigger competing bids from global IOCs"🤞"
X Link 2023-06-21T21:49Z [----] followers, [---] engagements
"I don't know if H2 '23 will show some rebalancing out of tech into value/energy/materials but if it does it would probably be because (1) the economy doesn't crater as bad as credit impulse folks predict; and (2) inflation proves more persistent than they think $xle"
X Link 2023-06-25T14:30Z [----] followers, [---] engagements
"New investor presentation from $SDRL posted yesterday. Good stuff and validates the strong fundamentals setup for offshore drillers $rig $ne $val $borr $oih #oott"
X Link 2023-06-27T17:30Z [----] followers, [----] engagements
"Onshore service providers $pump $lbrt $nex remain the cheapest in the $oih group. They are discounted even to their pressure pumping competitor $acdc despite the latter having higher leverage/more exposure to private E&Ps that are more likely to cut down activity #oott"
X Link 2023-06-29T17:17Z [----] followers, [---] engagements
"$pump $lbrt $nbr $nine $hal $oih $xle The Dallas Fed Q2 Energy Survey came out recently. It doesn't look as bearish for onshore oilfield services. (1/n) https://www.dallasfed.org/research/surveys/des https://www.dallasfed.org/research/surveys/des"
X Link 2023-06-29T18:11Z [----] followers, [----] engagements
"Notwithstanding that research shop #oil forecasts have been a bit of a lagging indicator Brent at $83 would still be +12% from here. $80 may be the sweet spot for stocks with long-cycle/offshore exposure; FIDs keep rolling while shale stays in check $xle $oih $slb"
X Link 2023-06-30T12:08Z [----] followers, [----] engagements
"$oih $rig $borr $slb One pillar of the #offshore thesis is that shipyards backlogged with #LNG carriers can't build new rigs or OSVs. I put this chart together based on S&P's latest LNG shipping database. With an active fleet of [---] there are [---] () carriers on order"
X Link 2023-07-03T10:38Z [----] followers, [----] engagements
"$rig $ne $borr $oih $slb Nice data points from $VAL too. Implied dayrate for the semisub $360k; two premium jack-ups scored $150k and $180k respectively. https://www.offshore-mag.com/drilling-completion/article/14295982/valaris-nets-gom-australia-drilling-contracts https://www.offshore-mag.com/drilling-completion/article/14295982/valaris-nets-gom-australia-drilling-contracts"
X Link 2023-07-06T16:52Z [----] followers, [----] engagements
"$nbr $pten $lbrt $pump $nine $oih Bottom Maybe so as it looks today onshore OFS finally out of the doghouse"
X Link 2023-07-07T18:54Z [----] followers, [----] engagements
"Over the last year oilfield services $oih have outperformed E&P $xle $xop; we seem to be at the start of a long capex cycle driven by state-owned producers like $pbr or $adnoc so this trend may continue. Consider adding some #ofs to diversify your energy portfolio"
X Link 2023-07-11T17:29Z [----] followers, [----] engagements
"$slb $hal $bkr $nbr Iraq wants to get to [--] mbd. Other than corruption they have huge cost advantage over US shale so it makes sense. Iraq has very high government take so the way to benefit is via $oih stocks. Upstream capex = OFS revenue #oott"
X Link 2023-07-12T13:58Z [----] followers, [--] engagements
"Good example of shale's woes. IHS thinks $ovv was down to [---] years of premium inventory before the recent acquisitions it made. Apart from $pxd and a few others for shale its all uphill from here. More opportunity in services $oih and offshore"
X Link 2023-07-13T20:26Z [----] followers, [----] engagements
"$lbrt $pump $nex $pten $cfw.to $acdc $oih Lowest frac spread count remains [---] from June [--] for now; latest data point from July [--] is 263"
X Link 2023-07-16T18:22Z [----] followers, [----] engagements
"Upcoming $OIH earnings this week: $BKR 7/19/2023 $HAL 7/19/2023 $LBRT 7/19/2023 $SLB 7/21/2023"
X Link 2023-07-17T02:18Z [----] followers, [--] engagements
"Fixture update: Odfjell Drilling's Deepsea Atlantic signed up for [--] months/ $290 million contract net of mobilization fees. Dayrate comes to $420000. Deepsea Atlantic is a 6th gen HE semi built in [----] $oih $rig $ne $val $xle"
X Link 2023-07-20T23:07Z [----] followers, [----] engagements
"Good morning ☀ Not the cold stacked reactivation ultra-bulls probably wanted to hear about but [--] year lead time sounds quite bullish. Dayrate 480k. Ship identity TBD later but it will be a 7G. $rig $ne $val $oih $xle"
X Link 2023-07-20T23:07Z [----] followers, [---] engagements
"OFS major and industry bellwether $BKR reported today: - softness in N. America offset by strength in offshore and international - strong LNG equipment orders - N. America weakness limited to privates; public E&Ps still sticking to annual capex plans $oih $nine $rig $pump"
X Link 2023-07-19T18:33Z [----] followers, [----] engagements
"$HAL's comments align with $BKR: - strength in international +7% QoQ - NAM slightly down -2% QoQ but most slowdown among small customers/spot market - "service intensity" - NAM producers will need more work "even to stand still" $oih $pump $borr https://twitter.com/_EnergyRealist/status/1681734018704785426 OFS major and industry bellwether $BKR reported today: - softness in N. America offset by strength in offshore and international - strong LNG equipment orders - N. America weakness limited to privates; public E&Ps still sticking to annual capex plans $oih $nine $rig $pump"
X Link 2023-07-19T19:54Z [----] followers, [----] engagements
"U.S. E&P's walking the talk on capital discipline. Bonuses now tied to FCF and lowering costs cf. volume growth [--] years ago. $apa $cop $dvn $fang $mro $hes $pxd $ovv $xle $xop #oott"
X Link 2023-07-20T14:25Z [----] followers, [----] engagements
"Ok so $TSM down -5% because it lowers guidance and now says revenue may be down -10% YoY $NVDA is a $TSM client so this should also imply $NVDA activity is slowing too. What am I missing here🤔"
X Link 2023-07-21T03:15Z [----] followers, [----] engagements
"$SLB down today because revenue of $8.1b missed by $0.1b Yet: Int'l +5% seq +21% YoY NAM +3% seq +14% YoY Yes Q3 NAM revenue "will be slightly down" but SLB still guiding to 15% revenue/20% EBITDA growth - international/offshore more than make up for NAM $oih $xle"
X Link 2023-07-21T17:40Z [----] followers, [---] engagements
"Much #deepwater bullishness from $SLB's earnings too: - global FIDs +90% from 2016-2019 - $200b to deepwater next [--] years $oih $rig $borr $ois $xle"
X Link 2023-07-21T17:50Z [----] followers, [----] engagements
"$SLB's Olivier LePeuch also saying 85% of offshore FIDs have $50 oil breakeven. Three reasons the breakeven has come down: (1) technology integration (2) better customer prioritization (3) tieback opportunities to existing infrastructure $oih $borr $rig $ois $bkr"
X Link 2023-07-21T18:37Z [----] followers, 10.3K engagements
"$oih $pump $nex $pten $hal Primary Vision frac spreads +11 WoW [---] from 7/15/22. As $LBRT CEO commented spreads should lag rigs by a quarter. Using 2.5x rule of thumb [---] U.S. land rigs imply [---] frac fleets. Offshore #ofs is a safer proposition but onshore not dead either"
X Link 2023-07-22T14:31Z [----] followers, [---] engagements
"From the $CHX call: "The big expense in offshore particularly in the drilling and well construction side they are all going to translate eventually for us in strong growth in offshore" Looking beyond rigs/OSVs/subsea offshore will also need production chemicals $oih"
X Link 2023-07-25T20:14Z [----] followers, [---] engagements
"Gas producer $RRC on OFS costs: Generally better (from customer perspective) but higher end equipment like frac e-fleets expected to remain tight $lbrt $pump $nex $pten $oih"
X Link 2023-07-25T20:42Z [----] followers, [---] engagements
"$oih $rig $ne $val $smhi Everyone loves rigs but $HLX suggests the next big thing may be decommissioning: "We're talking about well over [----] structures that need to be removed. And there's only [--] remaining heavy lift assets in the Gulf of Mexico" '23 EBITDA = 2x '22"
X Link 2023-08-06T21:48Z [----] followers, [----] engagements
"So $CVX plans to develop [----] net new wells in the Permian over the next 5-years seemingly outpacing its '22 rate. But I thought everyone would stop drilling because regional banks recession and China😄 $nbr $pds $pten $oih"
X Link 2023-08-01T08:13Z [----] followers, [---] engagements
"Steel was a textbook example of a cyclical business. Yet "recession" wasn't mentioned even once on the U.S. Steel call. $X CEO instead called out "government spending" as a tailwind. Perhaps whoever coined the "fiscal dominance" term is onto something"
X Link 2023-07-30T19:07Z [----] followers, [---] engagements
"$VAL DS-7 is getting reactivated. Dayrate comes to [------] but can't figure out yet if that includes reactivation capex; if you know please comment $rig $ne $oih"
X Link 2023-07-31T13:36Z [----] followers, [--] engagements
"Was that a jab at Valaris lol $rig $val $oih"
X Link 2023-08-01T18:55Z [----] followers, [----] engagements
"$NE also looking toward reactivations but threading more cautiously than $VAL. Interesting back-of-the-envelope math on newbuilds too - looks that until dayrates hit 650k there's no need to worry about a top $oih $rig $xle"
X Link 2023-08-03T20:43Z [----] followers, [---] engagements
"Even more relevant than oil price for $xle companies may be what they make out of it; post-GFC $xom generated lower returns despite high prices until 2014; there are now signs the oil price to ROCE relationship is reverting to the higher trendline from the pre-GFC era #oott"
X Link 2023-08-06T14:50Z [----] followers, [----] engagements
"$DO says will be "disciplined" about reactivating the stacked Onyx or purchasing a stranded newbuild. Macro view agrees with $rig $ne $val and good to know they track subsea tree orders as leading indicator. Need to pay more attention to $fti 👍"
X Link 2023-08-08T19:09Z [----] followers, [----] engagements
"CEO of wind giant rsted $DNNGY starts his earnings call by basically asking governments to foot the bill for the industry's increased costs. Tells you everything you need to know about the value drivers in the renewables business model #energy #energytransition #greenflation"
X Link 2023-08-11T19:35Z [----] followers, [----] engagements
"$lbrt $pump $nex $acdc $cfw.to $step.to $oih Primary Vision frac spreads +5 for Aug. 11th week; continue to flatline"
X Link 2023-08-12T15:41Z [----] followers, [----] engagements
"$APA is one of the larger public independents which are said to have better shale inventory. So it's illuminating to see how high breakevens are even for these big players once you get past the 1st quintile; 2nd quintile already at $60 #oott Source: s&p"
X Link 2023-08-14T19:18Z [----] followers, [---] engagements
"So $100 million for [---] days for $SFL's Hercules rig = $500000 dayrate right Round numbers make math easy😂 Hercules having to do a Canada-Namibia-Canada roundtrip also speaks to market tightness $rig $ne $val $oih https://www.offshore-energy.biz/semi-sub-rig-bags-another-drilling-assignment-off-canada/ https://www.offshore-energy.biz/semi-sub-rig-bags-another-drilling-assignment-off-canada/"
X Link 2023-08-15T18:37Z [----] followers, [----] engagements
"$bhp $fcx $copx $cper UBS updated commodity price forecast. Bullish #oil and #copper. On copper: "Low inventories constant supply disappointments and structural demand drivers have been offsetting forces to weaker global manufacturing and disappointing #China data""
X Link 2023-08-19T15:14Z [----] followers, [---] engagements
"$xop $apa $cop $dvn $fang $mro $ovv $pxd Interesting view on "capital discipline" - production outlook up FCF yield down & large US independents not cutting capex. If this goes on $oih service cos that promise strong [----] may be right. Source: S&P"
X Link 2023-08-23T20:18Z [----] followers, [---] engagements
"@Archbizhop1 I trimmed the onshore plays $lbrt $pump $nbr after the big run ups but haven't sold anything offshore. Planning to hold until [----] :)"
X Link 2023-08-24T19:59Z [----] followers, [---] engagements
"@Archbizhop1 $rig and $borr are two of my big ones; both are correcting so may offer another buying opportunity. Had big hopes for $ois but looks they messed up a bit last quarter. Strong interest in $smhi but hoping for better entry point. Good luck :)"
X Link 2023-08-24T20:12Z [----] followers, [---] engagements
"The value is overseas and among smaller caps; though with US small caps the ratios may reflect concerns over inventory depth $xle $psce E&P Valuations Comparisions #WTI #Oil #NatGas https://t.co/dfI29uqlo4 E&P Valuations Comparisions #WTI #Oil #NatGas https://t.co/dfI29uqlo4"
X Link 2023-08-25T16:40Z [----] followers, [---] engagements
"$subcy $talo Interesting. Talos has an ambitious GoM agenda and with the offshore services market tightening a partnership with Subsea [--] may make sense. https://www.offshore-energy.biz/subsea-7-scoops-up-gulf-of-mexico-work-with-talos/ https://www.offshore-energy.biz/subsea-7-scoops-up-gulf-of-mexico-work-with-talos/"
X Link 2023-08-25T18:54Z [----] followers, [---] engagements
"Good for $acdc I suppose. More importantly - not everything in the "commodities" sector is a commodity. They wouldn't be suing each other over patents otherwise $oih"
X Link 2023-08-26T16:05Z [----] followers, [---] engagements
"$BORR announced new contracts for JUs Prospector [--] and Natt. Average implied dayrate 160k. Previously Natt was under a contract extension that yielded 84k per day. The re-rating in shallow water continues similar to deepwater $oih $val $ne $rig"
X Link 2023-08-29T12:01Z [----] followers, [----] engagements
"On the deepwater front Transocean put up a new presentation today. Nice slide showing rig demand is projected to grow even at $40 oil; offshore services are turning from the most vulnerable segment of the energy space into the most resilient one $rig $val $ne $sdrl $oih"
X Link 2023-08-29T18:26Z [----] followers, [----] engagements
"Btw $BORR's Norve jack-up is also in Gabon working for BW Energy $bwery $egy $xle $oih Gabon's [---] kbd aren't a big deal globally but VAALCO energy is down -12% premarket 😯 $egy $xle https://t.co/v2VT5B97ZP via @WSJ Gabon's [---] kbd aren't a big deal globally but VAALCO energy is down -12% premarket 😯 $egy $xle https://t.co/v2VT5B97ZP via @WSJ"
X Link 2023-08-30T12:14Z [----] followers, [----] engagements
"If you missed it ESG darling and wind giant Orsted $DNNGY which lost 25% of its market cap this Tuesday basically told y'all to buy offshore services $OIH: "The company is facing delays from suppliers mainly from companies that build the offshore foundations as well as from a specialist installation vessel" 🤣 https://www.wsj.com/business/earnings/orsted-could-book-impairments-of-up-to-2-34-bln-on-us-portfolio-dd8dc226 https://www.wsj.com/business/earnings/orsted-could-book-impairments-of-up-to-2-34-bln-on-us-portfolio-dd8dc226"
X Link 2023-08-31T21:39Z [----] followers, [---] engagements
"$oih US rigs were essentially flat but Primary Vision frac spreads have now hit the 5-year minimum. However the fracking stocks $pump $lbrt $nex $cfw.to have fully erased spring's losses suggesting the bottom is near. Only the more levered/more exposed to privates $acdc hasn't. Baker Hughes: Oil Gas rigs drop [--] #oott #crudeoil Baker Hughes: Oil Gas rigs drop [--] #oott #crudeoil"
X Link 2023-09-03T15:15Z [----] followers, [----] engagements
"The ECB inflation survey: 1) Still getting harder for fossil fuels to get loans 2) Inflation high and may become stagflation 3) Ok so is 1) causing 2) No Inflation is due to climate and green energy will be disinflationary🤦 Dream on $xle $oih"
X Link 2023-09-03T15:47Z [----] followers, [----] engagements
"Just wanted to clarify that Transocean's registration filing announced today relates to insider Perestroika's exercise of its conversion option under the '27 exchangeable bonds back in April. This is old news and the dilution had already happened $rig https://seekingalpha.com/news/4008879-transocean-says-selling-stockholder-offering-826m-shares https://seekingalpha.com/news/4008879-transocean-says-selling-stockholder-offering-826m-shares"
X Link 2023-09-04T18:21Z [----] followers, [----] engagements
"$oih $xle The ratio of the PHLX Oil Service Sector Index to the S&P Oil & Gas Exploration & Production one may have bottomed in Oct. '22 but is still super low historically. How does this square with the R/P declines major producers have seen Services stocks remain undervalued"
X Link 2023-09-09T12:20Z [----] followers, [----] engagements
"$xle Eurasia Group: -Saudi oil cuts fiscally driven not political -11.7mbd @$70 approx equals 9mbd @$90 (duh) Why does it matter Because the political narrative implies Saudi is losing cash to prop oil prices. They're not. This means they can stay at [--] mbd for much longer"
X Link 2023-09-12T18:20Z [----] followers, [---] engagements
"$oih $val Dayrate of $410000 not earth-shattering but this seems to be just filling a gap in the schedule from 3/24 to 5/24. Sadly from 6/24 the DS-15 will go down to $254000 under previously exercised option"
X Link 2023-09-13T13:26Z [----] followers, [---] engagements
"$xle $xop $oih This is S&P's estimate of the "buyback period" for some of the best-known US shale producers. While there are pockets of value like $MRO at $65 oil things look quite bad for most. High-cost $VTLE would need [--] years to buy back its stock😂"
X Link 2023-09-16T14:45Z [----] followers, [----] engagements
"BofA 2010s vs. 2020s investment themes: deflation - inflation stocks & bonds - cash & commodities financial assets - real assets The common denominator for most of these is of course energy $xle $oih"
X Link 2023-09-17T17:40Z [----] followers, [--] engagements
"As long as this trend continues so will inflation and those who own fossil fuel assets will see even higher rents #greenflation #eft"
X Link 2023-09-20T13:11Z [----] followers, [----] engagements
"BofA seeing higher inflows into emerging market funds $ewz"
X Link 2023-09-24T00:30Z [----] followers, [----] engagements
"View from $LBRT executive: - shale production per ft and per well has peaked - yet the economics is still improving due to cost efficiencies Sounds like recipe for greater services demand though I acknowledge they're probably talking their book $oih $pump $cfw.to $acdc"
X Link 2023-09-24T14:41Z [----] followers, [----] engagements
"$xle $xop $ar $dvn $mro $fang $pxd US producers hedging update - both oil and gas hedges are at 5-year lows; this time everyone is positioned for the upside"
X Link 2023-09-26T18:11Z [----] followers, [----] engagements
"Just a reminder that $EC went ex-div today. Yes the dividend is almost that big"
X Link 2023-09-26T18:23Z [---] followers, [----] engagements
"Wen $RIG credit rating upgrade Per Moody's when EBITDA/interest coverage hits 2x. Last Q it was 1.3x and we can get there by late '24 even assuming no debt reduction/conversions. S&P issued upgrade but still CCC+; positive outlook but they also don't expect more upgrades NTM"
X Link 2023-09-27T20:32Z [----] followers, [----] engagements
"$xle $xop The OPEC+ cuts have clearly succeeded in boosting oil prices but have also increased spare capacity. The latter part is likely why oil equities have not responded as strongly so far. Charts source: Moody's"
X Link 2023-09-29T21:00Z [----] followers, [---] engagements
"$chk $crk $gpor $swn A simple reason why US #natgas production has been so resilient is that it's still profitable. Efficiencies and hedges yield higher margins than in past years with low prices. Bodes well for onshore $oih esp. with more #LNG capacity coming. Source: s&p #Natgas trades near $3/MMBtu following the rollover to the pricier Nov contract and as cooler weather awaits in early October. Stocks rose [--] bcf to [----] bcf last week 6% above the 5-yr avg. #natty https://t.co/2Mya4TvRla #Natgas trades near $3/MMBtu following the rollover to the pricier Nov contract and as cooler weather"
X Link 2023-09-29T21:34Z [----] followers, [----] engagements
"#LNG The pipeline of regasification projects in Europe remains strong with potentially +40% capacity expansion compared to pre-war. One of the the $OIH names with exposure to the trend is $BKR as equipment supplier through its gas tech business (inherited from $GE)"
X Link 2023-09-30T20:13Z [----] followers, [---] engagements
"Buy $XLE and #EmergingMarkets sell $XLK: [--]. US gov't spend as % of GDP at WW2 levels [--]. Deflationary assets still close to ATHs [--]. Real to financials assets RV close to 100yr lows [--]. US to global equities close to 70yr highs Charts: $BAC's weekly "flow show""
X Link 2023-09-30T20:37Z [----] followers, [--] engagements
"$EC "Colombia's government will pay state-run oil company Ecopetrol more than 8T pesos ($2B) for its contribution to the Fuel Price Stabilization Fund corresponding to Q3" Gov't still paying its dues"
X Link 2023-10-02T20:15Z [----] followers, [---] engagements
"Shelf Drilling $SHLLF also bags two contracts offshore Nigeria; implied dayrate $130000 Not as impressive as $BORR but neither are the rigs mentioned https://www.offshore-mag.com/rigs/article/14299812/two-shelf-rigs-awarded-work-offshore-nigeria $borr $oih Borr Drilling gets LOI for the Idun rig; implied dayrate $170000 https://t.co/IW3r4x7sbJ https://www.offshore-mag.com/rigs/article/14299812/two-shelf-rigs-awarded-work-offshore-nigeria $borr $oih Borr Drilling gets LOI for the Idun rig; implied dayrate $170000 https://t.co/IW3r4x7sbJ"
X Link 2023-10-05T16:19Z [----] followers, [---] engagements
"Borr Drilling has also uploaded a new presentation. Not much new content but there's a good chart visualizing fleet age for the JU players. You could maybe say $BORR is the $RIG of jack-ups 😉"
X Link 2023-10-05T16:27Z [----] followers, [----] engagements
"Besides offering int'l and offshore oilfield services exposure on the upstream side $BKR as equipment supplier is also a play on the growing $LNG infrastructure ADNOC awarded a contract to Baker Hughes for the supply of all-electric compression systems for the liquefaction of natural gas. #EnergyConnects #ADIPEC2023 #ADNOC #energynews #OOTT #EnergyTransition @ADNOCGroup @bakerhughesco @ADIPECOfficial https://t.co/5CVdZOAzTw ADNOC awarded a contract to Baker Hughes for the supply of all-electric compression systems for the liquefaction of natural gas. #EnergyConnects #ADIPEC2023 #ADNOC"
X Link 2023-10-05T20:02Z [----] followers, [---] engagements
"$PXD indeed has one of the best portfolios among large US independents; however considering stock price I prob like $FANG $MRO better. Let's see what $XOM does. A deal should be positive for multiples across the whole peer group $xle $xop $oih"
X Link 2023-10-06T18:39Z [----] followers, [----] engagements
"If you thought #deepwater #oil had long lead times developing a #copper mine takes on average [--] years per S&P's study. $NGLOY's Quellaveco which reported first production in [----] was discovered in the 60s #EnergyTransition #decarbonization #metals #mining $icln $dnngy $vwdry $copx $oih Another one bites the dust: "Headwinds facing the industry including record inflation supply chain disruptions and sharp interest rate hikes" Best #energytransition investments = metals/mining/offshore services https://t.co/iGh0QwGlJq $icln $dnngy $vwdry $copx $oih Another one bites the dust: "Headwinds facing"
X Link 2023-10-07T19:52Z [----] followers, [----] engagements
"$copx $fcx $bhp This is still little appreciated by #energytransition advocates despite even the IEA drawing attention to it. I see #copper as one of the best hedges for an oil $xle portfolio - in case the "transition" magically works out after all"
X Link 2023-10-12T15:22Z [----] followers, [---] engagements
"A nice #deepwater find by $KOS and partners $OXY $EQNR; the US GoM keeps giving for [--] years now. Supportive for #offshore $OIH"
X Link 2023-10-13T18:31Z [----] followers, [----] engagements
"$oih $xle $bkr The absolute #rigcount numbers are obviously on different scale but as percent: Land -20% YoY Offshore +57% YoY Oil prices are the same for everyone but US GoM players seemingly find it more profitable to drill than their shale peers. Baker Hughes Rig Count Moves 10/13 total oil gas +3 #oott #crudeoil Baker Hughes Rig Count Moves 10/13 total oil gas +3 #oott #crudeoil"
X Link 2023-10-13T18:51Z [----] followers, [----] engagements
"$DNNGY keeps sinking lower. Rising interest rates materials inflation and deglobalization are deflating the green bubble. #energytransition #greenflation #copper #windenergy Shares in rsted fell the most in more than a month after New York regulators ruled against a cost adjustment for offshore wind farms. #EnergyConnects #energynews #news #OOTT #windpower https://t.co/pKT6vNDGYN Shares in rsted fell the most in more than a month after New York regulators ruled against a cost adjustment for offshore wind farms. #EnergyConnects #energynews #news #OOTT #windpower https://t.co/pKT6vNDGYN"
X Link 2023-10-13T19:37Z [----] followers, [---] engagements
"$oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still cheap-ish cf. $HAL at 12.3x Calfrac an outlier - is a Toronto listing such a penalty 🤷♂"
X Link 2023-10-15T23:02Z [----] followers, [----] engagements
"$bhp $rio $vale "Iron ore futures rose Monday following the most recent stimulus moves by China's government" "The most-traded January iron ore on China's Dalian Commodity Exchange ended daytime trading +2.8%/highest since Sep. 25""
X Link 2023-10-16T17:51Z [----] followers, [----] engagements
"$XOM the largest energy company trades at 12x forward earnings vs 78x for $TSLA. This is because Tesla is a "growth" stock 🤷♂"
X Link 2023-10-19T18:56Z [---] followers, [---] engagements
"Got #copper "The world has to add or replace [----] million miles of transmission lines by 2040" = doubling the current electric grid per the IEA $bhp $fcx $hbm $copx"
X Link 2023-10-19T19:33Z [----] followers, [---] engagements
"Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on"
X Link 2023-10-20T17:49Z [----] followers, [----] engagements
"Another "fun" fact: $SLB Q3 FCF $1.04B $TSLA Q3 FCF $848M $SLB enterprise value $96B $TSLA enterprise value $677B () $xle and $oih still have a long way to go. Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on. https://t.co/7jGIm6PZ24 Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on."
X Link 2023-10-20T17:54Z [----] followers, [----] engagements
"$bkr $oih $rig $borr More importantly the net +2 US rigs are GoM offshore Baker Hughes rig count 10/20/2023 Oil +1 Gas +1 #oott #CrudeOil Baker Hughes rig count 10/20/2023 Oil +1 Gas +1 #oott #CrudeOil"
X Link 2023-10-20T18:02Z [----] followers, [---] engagements
"$SLB standing by its offshore thesis: "The supportive macro environment is also leading operators to make long cycle investments offshore where advances in efficiency have significantly improved project economics. We have visibility into FIDs extending well beyond 2025" Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY - EBITDA + 18% YoY (operating leverage) - EBITDA margin at 25% now The $OIH bull market marches on. https://t.co/7jGIm6PZ24 Overall pretty good report from $SLB despite the negative market reaction today: - Revenue +11% YoY -"
X Link 2023-10-21T17:59Z [----] followers, [----] engagements
"Did $LBRT also just get bullish on #nuclear CEO ended the call by mentioning a $10m investment in Oklo a SMR player that is going public via the $ALCC SPAC of OpenAI founder Sam Altman. Curious move from a frac company 🤔"
X Link 2023-10-22T19:03Z [----] followers, [---] engagements
"Oh my. The largest/highest multiple independents $PXD and $HES have been bought now. $XOM and $CVX don't seem interested in shitcos. So some of the shale SMIDs may never "re-rate" 🙄 https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23/ https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23/"
X Link 2023-10-23T10:44Z [----] followers, [---] engagements
"Moody's rated $BORR's proposed $1.5b notes B3 (B-) while S&P is mulling BB- but preliminary. Both cite the industry strength but S&P also sees less "energy transition risk" in shallow water due to shorter payback times. Their words not mine. BB- would be huge let's see"
X Link 2023-10-24T12:31Z [----] followers, 11.1K engagements
"Good earnings + guidance from $HLX despite EPS "miss": revenue +44% EBITDA +123%. Offshore $OIH is a growth sector: "The underlying macro drivers of the offshore energy service market continue to be constructive and supportive of a sustainable long-term investment cycle""
X Link 2023-10-24T20:00Z [----] followers, [---] engagements
"$bkr $oih $slb $hal Baker Hughes beats earnings. Orders and EBITDA both growing faster than revenue. Strong demand for LNG equipment on the IET side; the OFS highlights include #offshore contracts in Angola and the North Sea"
X Link 2023-10-26T18:19Z [----] followers, [---] engagements
"$pds $oih $nbr Precision Drilling rig hours are -10% from Q3'22 but revenue is +4%. Does this look like collapsing OFS pricing Tailwinds from Canada ("strongest fundamentals in a decade") and now only 5x '24 earnings. Not sure technical bottom is in but def getting oversold"
X Link 2023-10-26T18:43Z [----] followers, [----] engagements
"$pds $esi.to $pten $nbr $hp $oih Oil rigs are now up [--] consecutive weeks. Assuming we have bottomed which land driller is the best value Ensign appears to have most upside but also the highest leverage. Nabors is down the most YTD. Estimates source: Refinitiv"
X Link 2023-10-27T17:21Z [----] followers, [---] engagements
""According to Westwood there are already 10-year tenders for drillships in the market""
X Link 2023-10-27T18:19Z [----] followers, [----] engagements
"$step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows $oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still cheap-ish cf. $HAL at 12.3x Calfrac an outlier - is a Toronto listing such a penalty 🤷♂ https://t.co/odhliwQXRm $oih Frac spreads +8% the last [--] weeks but still down YoY. Fwd P/Es on '24 earnings: $LBRT 6.4x $PUMP 6.7x $ACDC 6.4x $CFW.TO 3.6x $PTEN 7.1x Not deep value like Mar/Apr/May but still"
X Link 2023-10-28T21:10Z [----] followers, [----] engagements
"$step.to $cfw.to $pump $lbrt $acdc $oih Valuations looking good heading into '24 but the deepest value now seems to be with the Canadian Calfrac and STEP. I particularly like Calfrac with their exposure to Argentina - rare for a small player to have international footprint. $step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows https://t.co/oBkU1o0V4S $step.to $cfw.to $pump $lbrt $acdc $oih Frac spreads continue closing the gap on '22 and are now +13% off the lows https://t.co/oBkU1o0V4S"
X Link 2023-10-28T21:21Z [----] followers, [----] engagements
"$pds $pd.to $oih Precision Drilling feeling bullish: "Natural gas drilling is growing to meet the imminent needs of LNG Canada and heavy oil drilling has rebounded to levels not experienced since 2014""
X Link 2023-10-30T12:12Z [----] followers, [----] engagements
"$DNNGY Another day another impairment - and another 25% slide within a single trading session for #ESG darling and wind giant rsted #energytransition #greenflation"
X Link 2023-11-01T19:25Z [----] followers, [---] engagements
"Which energy sub-group offers the best investment value right now Some thoughts below (long post). Overall the year has been flattish for the sector: $XLE YTD total return +1.8% $OIH as services benchmark +10.3% $SPY so far at +14.9% However on forward P/E basis energy stocks remain among the cheapest in the market though now banking or select beaten down names like $T $VZ $WBA or $MO offer comparable multiples. This suggests some further revaluation for energy is possible but there is also quite some disparity in valuations within the sector as can be seen from the "value map." On the E&P"
X Link 2023-11-04T16:55Z [----] followers, [----] engagements
"$amlp $kmi $et $epd The US "pipeline politics" also lead to paradoxes: - New England having to import LNG - Marcellus takeaway constrained leaving the higher cost Haynesville as "swing producer" Ultimately all this is inflationary. Midstream stocks can be an inflation hedge. Interstate pipeline construction in US drops 97% to record low from [----] to [----] due to a combination of red and green tape. As @FT writes several projects to move gas which is abundant in many states following the shale revolution from one state to another are being blocked. https://t.co/sDcYVU2rhs Interstate pipeline"
X Link 2023-11-05T16:03Z [----] followers, [----] engagements
"Not good Q from $ACDC. The YTD gap to $LBRT has now widened to [--] percentage points There is more natgas exposure more leverage but also: QoQ revenue: $ACDC -19% $LBRT +2% QoQ EBITDA: $ACDC -18% $LBRT + 3% Same macro but some companies optimize their resources better. $step.to $cfw.to $pump $lbrt $acdc $oih Valuations looking good heading into '24 but the deepest value now seems to be with the Canadian Calfrac and STEP. I particularly like Calfrac with their exposure to Argentina - rare for a small player to have international footprint. https://t.co/9aN2PzfyRl $step.to $cfw.to $pump $lbrt"
X Link 2023-11-09T20:44Z [----] followers, [----] engagements
"@Archbizhop1 EBITDA margins aren't that different 27% $LBRT v. 25% $ACDC. But ProFrac's topline drop is def out of line with rest of the peer group"
X Link 2023-11-09T21:38Z [----] followers, [---] engagements
"As the $BKR #rigcount keeps dropping and making headlines it gets clearer we have separate storylines emerging underneath: US YoY -22% Canada = flat LNG Canada Coastal GasLink TMX should make for a busy '24. Who benefits The usual suspects $esi.to $pd.to $cfw.to $step.to"
X Link 2023-11-10T19:09Z [----] followers, [---] engagements
"@Vmaxpax South Africa"
X Link 2023-11-10T21:06Z [----] followers, [--] engagements
"ESG dumpster fire Orsted's CFO and COO have been sacked. Yet it's not the CFO's fault the free money era ended. Nor the COO's that cost inflation is up. $DNNGY should go back to it's original business model when it was known as Danish Oil & Nat Gas. https://www.rechargenews.com/wind/orsted-finance-chief-and-coo-out-after-4bn-us-offshore-wind-debacle/2-1-1553985 https://www.rechargenews.com/wind/orsted-finance-chief-and-coo-out-after-4bn-us-offshore-wind-debacle/2-1-1553985"
X Link 2023-11-14T14:53Z [----] followers, [----] engagements
"$BORR up +5% today. Of course the whole market's going nuts because of the inflation print but $VAL is only +0.5% so far as comparison. So maybe this carries some signal for Borr's earnings release on Thursday. We'll find out soon 🤷♂"
X Link 2023-11-14T16:22Z [----] followers, [----] engagements
"Valuations in the offshore drilling group aren't really that disparate. From high to low EV/est. [----] EBITDA: $RIG - 6.8x $BORR - 4.8x $NE - 4.7x $VAL - 4.5x $SDRL.OL - 4.4x $DO - 4.4x $DDRIL.OL - 2.1x Most are in a tight 4-5x range. Transocean is an outlier on the upper end but this multiple can come down quickly with reactivations from its massive cold-stacked pile = option value. Dolphin seemingly an outlier on the lower end but let's acknowledge they had [--] rigs + [--] now acquired from Transocean: Paul Lloyd (1990) Transocean Leader (1987) So their 2x multiple probably reflects the less than"
X Link 2023-11-15T12:38Z [----] followers, [----] engagements
"$NBR issuing $550m in [----] notes to refinance its [----] ones; longer maturities at expense of likely higher interest rate. The notes earned B+ from Fitch: - US weakness but strong international activity - Comparable risk to $PDS overall - Very conservative $CL assumption of $57/bbl post-2026 These notes will likely outperform but unfortunately it's 144a placement"
X Link 2023-11-15T20:19Z [----] followers, [----] engagements
"Bought $ESI.TO yesterday. ATB's Waqar Syed has '$C7 target ('$C8 five days ago) cf. '$C2 price now. Not as bullish as Mr. Syed (hoping "only" for 40-50% gain) but at 3x '24 EBITDA and reasonable credit spread not sure much downside left. Good things coming in next year 🙏"
X Link 2023-11-17T13:16Z [----] followers, [---] engagements
"$esi.to $pd.to $cfw.to $bkr Small uptick in U.S. rigs but still down a lot from year ago; Canada YoY looking good on the other hand basically flat"
X Link 2023-11-17T19:11Z [----] followers, [---] engagements
"With all #DeepWater bullishness in my feed it was quite a shocker to see retail dumped drillers last month (S&P's capital flows analysis): At the end of the day I guess the big bad "white space" did scare away folks 🤷♂ Noteworthy though institutional investors bought quite a bit: I'd say in this case the institutional guys are showing they may very well be the "smart money" 😉 $borr $val $rig $ne $do $sdrl $oih #oott #eft"
X Link 2023-11-21T18:42Z [----] followers, [----] engagements
"$bhp $fcx $xle $dnngy "Slow EV sales growth and project cancellations in the renewable sector are impacting copper demand" That's exactly why #copper is a "hedge" for a fossil fuel portfolio. The #EnergyTransition may play out in different ways. https://oilprice.com/Metals/Commodities/Offshore-Wind-Project-Cancellations-Add-to-Copper-Demand-Concerns.html https://oilprice.com/Metals/Commodities/Offshore-Wind-Project-Cancellations-Add-to-Copper-Demand-Concerns.html"
X Link 2023-11-21T19:01Z [----] followers, [---] engagements
"$CFW.TO $STEP.TO $LBRT $PUMP $PTEN $ACDC $OIH FRAC UPDATE 11/26/2023 While U.S. land rigs were +3 last week to [---] the frac spread count has been more impressive. Frac spreads are now +15% off the Sep. [--] bottom: The frac spreads to rigs ratio started [----] below the historical ranges but will likely end the year close to the historical highs: Some of it may be the changing technical landscape with longer wells/greater completion intensity and some the continued DUCs depletion. The bottom line is completions companies didn't do terribly. With the latest data point at [---] active spreads I'm"
X Link 2023-11-26T21:31Z [----] followers, [----] engagements
"$borr $ddril.ol $ne $nol.ol $odl.ol $shllf $sdrl $rig $val $oih Floater rig demand-supply bridge from Arctic Securities' mildly bearish "prolonged mid-cycle"/"roll over risk" report (couple weeks dated but probably still relevant). Looks they see [----] supporting [---] rigs (drillships + semis) with [---] rigs potentially competing for this work = 90% marketed utilization. Interestingly to get to [---] supply the bridge analysis assumes Transocean would re-activate [--] drillships + Henry Goodrich. Yet RIG is the only ticker rated "hold" by Arctic; everyone else is a "buy." I get RIG is more expensive"
X Link 2023-11-28T20:35Z [----] followers, 10.8K engagements
"@churnerofmarket I watch the debt market too and RIG looks improving from that perspective; $6 is a pretty good deal imo. When you could buy for $3 the refinancing was very far from certain"
X Link 2023-11-29T03:41Z [----] followers, [---] engagements
"$ESI.TO $OIH Ensign Energy has announced the anticipated redemption of its April '24 notes: - with recent changes to the RCF maturities are effectively pushed out to October '26 - est. 8% interest rate for [----] - lower than the redeemed notes - more debt reduction on the way"
X Link 2023-12-01T12:53Z [----] followers, [---] engagements
"Reports out that #copper miners $copx have agreed lower treatment charges with smelters for the first time in [--] years. This is associated with tightening concentrate supply. Copper futures are +10% from the October lows"
X Link 2023-12-04T13:06Z [----] followers, [---] engagements
"Other than First Quantum's Panama issues Chinese imports have been good despite the weak economy. It may have to do with adding record [---] GW renewables capacity this year cf. [--] GW by and [--] GW in Bullish for the "oil-copper barbell" 👌"
X Link 2023-12-04T13:13Z [----] followers, [---] engagements
"Petronas and PTTEP adding [--] bboe discoveries in Malaysia this year; [--] exploration wells drilled highest since [----]. NOC capex = tailwind for offshore OFS; [--] of $BORR's [--] JUs are also in SE Asia"
X Link 2023-12-04T18:29Z [----] followers, [----] engagements
"SHALE PRODUCTION GROWTH AND PRIVATES I was a bit skeptical we can just attribute all the surprise in shale production growth to private E&Ps but a research note from S&P seems to support this thesis too. Further this growth has been super concentrated - just [--] privates (out of 11000) apparently added [------] bpd relative to Dec. 2019: So for the lack of "capital discipline" you can blame: - Endeavor - Mewbourne - Kaiser Francis - CrownQuest But since they don't have investor relations departments they won't care much. It is rumored the PE funds behind these operators are looking to exit so"
X Link 2023-12-05T17:26Z [----] followers, 55.9K engagements
"$PG among the worst performers today due to a Gillette related write-off. It looks "the best a man can get" nowadays is just another GAAP impairment 🤷♂"
X Link 2023-12-05T19:08Z [----] followers, [---] engagements
"I see many comments drawing bearish conclusions from the #Venezuela #Guyana dispute and even links to $XOM $CVX weakness. Yet why was the Israel-Gaza conflict bullish for #oil but this is bearish Guyana = major exporter; Biden relies now on Venezuela barrels to keep a lid on prices. If anything serious happens down there (I am sincerely hoping it doesn't escalate) this will be bullish for oil not bearish. So the 6-handle on oil probably says it's just a show put on for domestic Venezuelan politics"
X Link 2023-12-07T21:19Z [----] followers, [----] engagements
"The EIA product inventory data may have disappointed but we have a slightly bullish ARA report today. Only gasoil (diesel) is a build; draws across all others $xle"
X Link 2023-12-07T21:22Z [----] followers, [---] engagements
"$xle $oih Saudi Arabia already projected to swing into budget deficit this year. They'll finance through debt but interest rates are still high. Doesn't look like the best time for an oil price war does it 🤔 Chart via Eurasia Group:"
X Link 2023-12-08T14:04Z [----] followers, [---] engagements
"Frac spreads now +14% from their recent bottom and continue closing the gap to [----] $lbrt $pump $acdc $cfw.to $step.to $oih"
X Link 2023-12-10T17:32Z [----] followers, [----] engagements
"Copper S/D tightening further after Anglo-American lowers guidance: "Macquarie now expects #copper market surpluses of [------] and [------] tons for [----] and [----] respectively down from previous forecasts of [------] and [------] tons" $copx $fcx $bhp"
X Link 2023-12-11T21:42Z [----] followers, [---] engagements
"@Energy_Tidbits Some fat fingers at $BKR"
X Link 2023-12-16T19:18Z [----] followers, [---] engagements
"@NorthmanTrader At this point Kamala Harris as spokesperson may be an upgrade"
X Link 2023-12-18T20:58Z [----] followers, [---] engagements
"As all eyes are on US ShaleCos' growth one area where [----] production will be flat or may even decline is China despite CNPC and Sinopec outspending $XOM and $SHEL. China dominates demand discussions but is also the 6th largest producer $xle $oih"
X Link 2023-12-20T14:08Z [----] followers, [---] engagements
"ATB Capital's Christmas gift to Ensign Energy $ESI.TO shareholders was a PT cut from C$7.00 to C$5.00 🤷♂ That is still more than 100% upside though from C$2.23 today so it doesn't seem there's a qualitative change in the thesis. Average PT across analysts is now C$4.54"
X Link 2023-12-26T17:52Z [--] followers, [---] engagements
"The central bank rate cuts tally looking to break out as peak rate hikes are clearly behind us now #inflation #FederalReserve #economy #EconTwitter"
X Link 2023-12-27T15:04Z [----] followers, [---] engagements
"#oil #oilprice #oott #eft $xle $oih Summary of the [----] oil price forecasts from major banks and research firms. Average WTI = $80. Will throw out too my "sophisticated" number of $77 WTI = latest spot price at $74 + 5% dollar debasement 😬"
X Link 2023-12-28T15:11Z [----] followers, [----] engagements
"$oih $rig $ne $val $sdrl $borr Retail sold drillships again in November. What's up people 😲 Meanwhile institutions bought though less MoM. More noteworthy that institutions did so as they dumped other energy. Conclusion: Institutional guys don't read Pareto 😂"
X Link 2023-12-28T18:50Z [----] followers, [----] engagements
"$oih $xle $nbr $esi.to $rig $borr S&P's Upstream Insights updates its capex forecast; 2023-2027 CAGR: onshore +1% offshore + 7.2% This implies offshore +40% in [--] years; also for 1% revenue growth EBITDA will prob grow 1.5% due to operating leverage"
X Link 2024-01-07T17:24Z [----] followers, [----] engagements
"Onshore basically flat but some of the multiples are so low they effectively price negative growth"
X Link 2024-01-07T17:24Z [----] followers, [---] engagements
"@BrianGitt @ArjunNMurti Fully agree with the energy thesis but this chart doesn't prove anything. Energy % is down because $AAPL $AMZN few others have huge mkt caps. Let's say they're overvalued and correct down to some fair value. Energy % now up but energy stocks haven't moved at all"
X Link 2024-01-08T11:11Z [----] followers, [---] engagements
"$RIG's capital markets day deck is up a few nice slides: Meanwhile BofA "goes Pareto" on the company and cuts PT to $5.5 down from $6.0 🤷♂"
X Link 2024-01-11T18:59Z [----] followers, [----] engagements
"Lots of dis-inflationary data today but it looks the Red Sea issues may quickly reverse that 🤔"
X Link 2024-01-12T15:59Z [----] followers, [---] engagements
"First time in Las Palmas and I didn't realize it was an open-air rig museum. From L to R: [--]. $NE's stacked Pacific Meltem & Scirocco [--]. $VAL's DS-7 supposedly being re-activated [--]. DS-11 stacked [--]. $NE's Faye Kozack - I assume just enjoying the "white space" No $RIG's"
X Link 2024-01-13T20:57Z [----] followers, [----] engagements
"@MugsLuck It was hazy day so my pics aren't the best quality but there is def some activity going on the ds-7"
X Link 2024-01-13T21:09Z [--] followers, [---] engagements
"$xle $xop $oih Aramco's CEO at Davos: - oil demand at [---] million bbl/d in '24 - spare capacity 3.5% - "Good growth and demand is very healthy in China" Yes he's talking his book but similar messaging from other actors"
X Link 2024-01-17T13:31Z [----] followers, [----] engagements
"IMHO the $RIG selloff isn't about RIG as the entire $XLE/ $OIH sector including giants like $XOM and $SLB is getting pummeled. RIG is simply higher beta. I took a look just now at RIG's credit spreads YTD: 1) 7.45% 15-Apr-27 unsecured notes OAS tightened by [--] bps 2) 7.00% 01-Jun-28 sr. unsecured notes OAS tighter by [--] bps 3) 7.50% 15-Apr-31 sr. unsecured notes OAS wider by [--] bps 4) 9.35% 15-Dec-41 sr. unsecured notes OAS tighter by [--] bps The debt and equity markets don't appear to be speaking in one voice. Notes: a) OAS = option-adjusted spread as practically all these issues are callable;"
X Link 2024-01-17T14:37Z [----] followers, 11K engagements
"@tradeoilstocks I bought my $CVE lottery ticker in the 14s today 🤞"
X Link 2024-01-17T20:41Z [----] followers, [---] engagements
"@vinceloyola @wander_investor It can grow 20000% but it's from a tiny base. Many foreigners hang out in Roma and Polanco and think that is representative of the whole country"
X Link 2024-01-18T16:00Z [----] followers, [--] engagements
"So basically $SLB gapped up on the solid earnings but quickly got faded; OFS "optimism" doesn't carry the same weight as $TSMC's semi-conductor optimism 🤷♂"
X Link 2024-01-19T20:15Z [----] followers, [----] engagements
"So Benchmark downgrades $NBR. I fully agree the $OIH strength is in international/offshore and likely Canada but they rated Nabors a "buy" in July when it was $108. This week at $74 though it is a "hold" 🤔"
X Link 2024-01-19T22:36Z [----] followers, [----] engagements
"1/ Digesting $SLB's must-listen earnings call: The international capex cycle continues: This is why you need OFS stocks. Energy security/NOC driven growth isn't bullish for ShaleCos or #COM plays. Super bullish for OFS though"
X Link 2024-01-20T14:53Z [----] followers, 13.9K engagements
"Just heads up Grok is short $RIG 😂 Interesting source too @MugsLuck"
X Link 2024-01-20T20:33Z [----] followers, [----] engagements
"Susquehanna raises $SLB target from $72 to $77 but Barclays cuts from $77 to $74. Stifel up $63 to $64. Sentiment improvement for the drillers will have to start from the OFS majors"
X Link 2024-01-22T13:33Z [----] followers, [---] engagements
"$oih $rig $ne $val $do $sdrl $borr Retail's sentiment to drillers improved last month per S&P's capital flows tracking but December was again a net outflow. Institutional investors remain net buyers and inflows were on par with November"
X Link 2024-01-22T18:34Z [----] followers, [----] engagements
"TD's recent research note on $NEM sees gold down to $1750 (nominal) by 2028: This is what analysts and $XME seem to price in. With all the financialization/fiscal deficits there is way too much complacency about where #gold #oil and other commodities will exit the decade"
X Link 2024-01-23T05:51Z [----] followers, [---] engagements
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