Below are the energy-related companies against which I own puts; energy was very good to me a number of weeks ago, and I’m back for a second helping.
Resurrecting Energy
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Trying To Avoid Tops
Crude’s Lofty Perch
Check out how crude oil has failed its triangle breakout and is now neatly beneath a price gap. I’d say the rest of 2022 will be, on the whole, lower for energy prices……..in sharp contrast to what, oh, every other human on the planet is contending, particularly the good chaps at investment banks.
Waves of Gas
A week or two ago, I overlaid the sine wave from SlopeCharts onto the chart of natural gas. Interesting how it seems to be working so far! This suggests much lower prices in the months ahead.
Total Energy Failure
I think TNRev and I were the only two people on the planet Earth who were bearish on energy as of June 8th. I did GREAT with my puts except for one thing. I sold most of them! God damn me! My CPE and COP puts are triple-digit percentage winners now, and I look wistfully at MRO, MUR, DVN, and other beauties. Suffice it to say that in about a year that dolt Cramer will notice it’s a bear market in energy. We were first.
