What are you buying today?

[dipod]

30 minutes ago, gfp said:

 

Why those over the August 2027 22-strike warrants?  You wanted more leverage?

How do I buy those? Although I honestly don't think I've ever bought warrants in my investing journey. My broker is not the best (very limited options, Chase).

[sleepydragon]

1 hour ago, gfp said:

 

Why those over the August 2027 22-strike warrants?  You wanted more leverage?

Curious what’s  people view about buying the warrant instead of the stock? I am thinking if OXY increases dividends over time, stock is a better buy. Or else, warrant is clearly better due to the leverage it offered.

 

[hardcorevalue]

why are you all buying Oxy instead of something better like CNQ?

[Paarslaars]

Or IPCO

 

I am guessing there is an appeal to investing alongside Buffet.

[Luke]

26 minutes ago, Paarslaars said:

Or IPCO

 

I am guessing there is an appeal to investing alongside Buffet.

Is it the Carbon Capture business? 

[Spekulatius]

30 minutes ago, Paarslaars said:

Or IPCO

 

I am guessing there is an appeal to investing alongside Buffet.

Everyone in the oil sector looks very expensive when compared to PBR/ PBR-A. I think I am just about to get another 38c in dividends.

Edited August 24, 2024 by Spekulatius

[LC]

I own IPCO, PBR-A, EC, OXY warrants, some Valaris warrants, Gear energy

 

I have no expertise in the industry, so it's a bit of a basket approach, but boiled down it's something like:

The Canadian stuff is for capital gains

The S. American stuff is for dividends

The warrants are for trading.

[Dave86ch]

15 hours ago, Spekulatius said:

Everyone in the oil sector looks very expensive when compared to PBR/ PBR-A. I think I am just about to get another 38c in dividends.

I was just checking with perplexity.

 

 

 

[Kizion]

43 minutes ago, Dave86ch said:

I was just checking with perplexity.

 

 

 

Depends if you prefer US, CA or BR assets. Latter one seems to be significantly discounted for their geographical risks. 
 

How does CNQ compare to OXY in terms of reserves? 

[Spekulatius]

3 hours ago, Kizion said:

Depends if you prefer US, CA or BR assets. Latter one seems to be significantly discounted for their geographical risks. 
 

How does CNQ compare to OXY in terms of reserves? 

It is not a geographical risk, it is a political risk. People remember when PBR was almost bankrupted by Dilma’s way of running it, which is why it is discounted that much. By the way, I think Canada also has some political risk the way they treat their energy companies.

[Dinar]

4 hours ago, Spekulatius said:

It is not a geographical risk, it is a political risk. People remember when PBR was almost bankrupted by Dilma’s way of running it, which is why it is discounted that much. By the way, I think Canada also has some political risk the way they treat their energy companies.

I agree with you, however if you look at Kamala Harris' platform, she calls for billions of tax increases on oil and gas firms on top of regular corporate tax increases.  

[Dalal.Holdings]

1 hour ago, Dinar said:

I agree with you, however if you look at Kamala Harris' platform, she calls for billions of tax increases on oil and gas firms on top of regular corporate tax increases.  

 

There's the legislative branch in the U.S. standing in the way of every Presidential candidate's most outlandish promises

[Munger_Disciple]

1 hour ago, Dinar said:

I agree with you, however if you look at Kamala Harris' platform, she calls for billions of tax increases on oil and gas firms on top of regular corporate tax increases.  

 

And 44% tax on realized and unrealized capital gains, not sure if it is even constitutional. 

Edited August 25, 2024 by Munger_Disciple

[DooDiligence]

I never could get comfortable with PBR after watching them work. I made a small bet on Eike Batista thinking an upstart OGX could put a dent in PBR. I got Tubarăo tanked for my trouble. PBR seems to have done a good job of cleaning up operations. Congrats to longs. Nothing like a good car wash.

[Dinar]

46 minutes ago, Munger_Disciple said:

 

And 44% tax on realized and unrealized capital gains, not sure if it is even constitutional. 

Once you factor in state and local income tax and inflation, it will be closer to 90%

[brobro777]

Bought some VRSN 

[Saluki]

Still adding a little GOOG each day and when I get close to my past high water mark where I was comfortable with the position sizing, I will start trimming when it goes above that.

 

Just got approved for options for options and I bought a few calls on ATEX, to dip my toes in.  I have a 1.5% equity position, and I don't want to put more cash into it, but it seems to overreact to good news, so I think this is a way to get some exposure and participate in the pipeline which keeps getting bigger, even though signed contracts are not happening as quickly as I'd like.  

 

Trimmed a little STNG and TAYD.  

[ANP301191]

Anglo American - picking up shares under 2250 whenever I can.

[Dave86ch]

Added to 9988 Alibaba

[Malmqky]

basket of Chinese e-commerce - JD, PDD, BABA, .05% position each.

 

I figure I'll add if these continue to fall, would be comfortable making each a 1% position.

[Luke]

I bought a natural resource company with limited reserves at 6x 2024 EV/Net income in China with the Ticker PDD. 

[Luke]

19 hours ago, Malmqky said:

basket of Chinese e-commerce - JD, PDD, BABA, .05% position each.

 

I figure I'll add if these continue to fall, would be comfortable making each a 1% position.

Nice! Those are really great mining businesses at single digit earnings that are paying dividends and buybacks, one should do moderately okay here I think. 

Edited August 28, 2024 by Luke

[Luke]

[n.r98]

Lottery posn in NEON... alr up >10%... wish i made it bigger hahahah but actually, v interesting patent case behind fwiw

[Luke]

I bought more PDD, i was happy at 99 USD, now we are at 98 USD. Will i have to buy again tomorrow at 79 USD?