Sweet

Let’s not forget the oil price predictions at $120 a barrel. Only BoA was calling for it lower.

Yes I think you are right.

^ China is for sure a bear case too. Overall though, I do think higher for longer mantra is about right. Will energy companies reprice in at higher multiples, yes, but I think probably not as much as people might expect. I do think energy has a much longer runway than the mainstream view, Larry Fink says 70 years - not sure about that long but certainly multiple decades.

What if it never returns to those averages @dealraker ? Many view fossil fuels as a dying industry, and with the rise of environmental investing, a lot less are interested in it. I don’t agree with any of that, but others do, and that is a headwind.

@Blugolds11 an argument could be made for sedation I agree. However that needs to be a separate stand along trial judged on its own merits. I also agree this isn’t about politics either, Alex Jones is just a nut job.

The bear case, if you can call it that, is the world has plenty of oil, either through production or inventory buffer. Some of the bullish narratives do appear over done.

Combined with turning radiators off, and not using electricity at peak times. I read that one company was paying their customers to not use electricity late at night to reduce peak load.

Words definitely and rightly have consequences, and often the area isn’t clear, but incitement is punishable. I don’t know much about Alex Jones, so if you want to tell what specifically he has said that deserves jail time I’m all ears.

Did Alex Jones blackmail someone (which is illegal) and then that person killed themselves? I don’t follow the comparison if he didn’t. I can understand the Canadian example. Regarding the sum of money, I know it’s as much about deterrence but it’s still wrong in my view. There are two wrongs, and I find it shocking that otherwise sane people are advocating for punishment amounting to $1.5 billion. I don’t find anything Alex Jones does shocking because he is a nut job to be ignored. Can you not see how the former is more worrying lol?

What actions specifically deserved jail time?

He is repugnant, but $1.5 billion in damages? That is crazy. It’s more crazy than he is… and he is batshit crazy.

Coincidence that this is a few days before the OPEC+ meeting? Doubt it.

Haven’t we had a recession already? If I was to guess, no recession in 2023 in the US. Widespread recession in Europe.

Thanks Greg, unfortunately I have no idea how I would even go about pricing the above. If I was to have a go at valuation, I would probably approach it like a stock or bond, figure out cashflows and think what it might be worth. What is the rough valuation for interests sake?

Thank you @realassetsvalue

Dam, what is inflation running at in SF? How is hanging a net $400 million.

Never owned a REIT, never had a reason to, but some of these yields are compelling. As a complete novice, is there anything I should be looking out for as I learn about this sector? Started to get curious after reading this article: https://www.marketwatch.com/story/20-dividend-stocks-with-high-yields-that-have-become-more-attractive-right-now-11669731365?mod=home-page

Canadian housing market is nuts. I know a couple that dropped over a million on a house. I was gobsmacked. If it corrects a lot of people are going to be a lot poorer.

After a while I just ignored the rules baring common sense rules like wearing masks in shops. No way in I was going to listen to anyone who said I couldn’t visit family.

In the UK there was a period of lockdown where you couldn’t leave the house except for a legitimate reason. I personally got hassled by a the police when I was out for a walk one evening. They were embarrassed, you could tell, but they were under orders too. In theory I was within my legal rights to be outside, but the point is many cheered this on.

Yep, it’s quite something. We had two years of that.

Depends how and where it is disposed of SD. In Switzerland, 45 years worth of spent fuel is sitting in this facility: That’s the entire waste from 45 years in view I understand.

Yeh, we want to keep that nuclear waste, it’s potentially very valuable in the future.

France is into nuclear, think 70% of electricity is, or was, from nuclear power.

I watched a video / read an article by a British investor (can’t remember name) which stayed with me. He said that in his experience gold wasn’t a particularly good inflation hedge but did well in times of crisis, in-particular a banking crisis.