About this episode
This is a free preview of a paid episode. To hear more, visit www.kontrariankorner.comI originally had a podcast guest lined up for yesterday, but work roped him in, so he will be coming on next week. There wasn’t anything groundbreaking from Sable Offshore’s $SOC 10-Q, but there were a couple things worth mentioning in there. I also went into a couple other things with oil, and a couple pieces on broader markets that I found interesting.Podcast Summary* Thoughts on the 10-Q (nothing earth shattering), mainly that they have enough cash to get things started up without further dilution.* Why I’m not worried about the 10 day waiting period that comes after OSFM signoff, and some of the nuances there.* Short interest ticking up at the end of July.* ZeroHedge: How Oil Production Might Help California Meet Its Environmental Goals* Ranting on the recent IEA forecast.* A quick update on Cenovus’ bid for MEG Energy.* Jorge Arjona’s Thread on Oil (a good Twitter account to follow).* Thoughts on what assumptions are baked into market valuations* AI and the massive capex spend, and why I don’t think it will be that much different from previous spending booms.* Tariffs and the restructuring of the economy, and why economists might need to revisit some of their assumptions.Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
