Savvy Trades and Investments

[Bobwins]

Energy stocks doing well this week after OPEC declared 2 million bpd reduction in quotas. Biden added another 10 million barrel release from SPR but that's not going to do much longer term. And SPR releases of 1 million per day are supposed to be replaced at some point in time. So additional SPR purchases loom off in the distance.

I have moved towards much larger energy companies as they are well financed and profitable with low p/e's.

Current favorites are MTDR with Permian production, improving balance sheet and p/e of 6.
VET is a canadian producer with production of oil and gas in US, Canada and Europe. European ngas production has resulted in a bonanza of free cashflow but lately market has focused on excess profits tax in Europe and has sold off the stock. Still think it has good fundamentals, cheap and increasing ngas due to closing of previous purchase. P/E 6

CTRA Coterra is the result of a recent merger of Cabot and Cimarex. As a result, you get Permian oil, Marcellus gas with ngas being the primary product. Another low p/e of 7 and increasing dividends to shareholders.