Posts Tagged: Energy Investing
Jim Murchie – December 13, 2023

COP Plea The 28th meeting of the U.N. Climate Change Conference of the Parties known as COP28 ends today. Like most other people who have a life (or are trying to) I don’t follow the proceedings closely but will read the articles in the major press outlets. Two recent ones struck me for their asymmetry. https://www.linkedin.com/posts/jim-murchie-4565b510_cop-plea-the-28th-meeting-of-the-un-climate-activity-7140448946488811520-Iaqg?utm_source=share&utm_medium=member_desktop

Read More
Energy Transition Motivational Speaking

Lately, I have read countless articles seeking to explain the motives behind why the big oil companies are buying up smaller competitors and why clean energy project cancellations are a failure of government policy to motivate a rapid energy transition. The line on oil companies is that they must be motivated by bullish oil demand[…]

Read More
Jim Murchie – November 13, 2023

Green Energy Investors See Red By now most investors have some inkling that all is not well for the stocks of clean and alternative energy producers.  While there are plenty of disappointing earnings reports and growth guidance, the equity values, taken as a whole, are down far more than the earnings.  What gives? https://www.linkedin.com/posts/jim-murchie-4565b510_energyinvesting-activemanagement-activity-7129886172037697536-QtGi?utm_source=share&utm_medium=member_desktop

Read More
The People’s Republic of Texas

We have written in the past how the extreme – and opposite – energy policy positions taken by California and Texas have led to severe electric reliability issues in both states.  California taking a “climate-is-all-that-matters” approach and Texas taking a “free-markets-solve-all-problems” approach.  Evidence shows that the best run systems use competitive markets to drive down[…]

Read More
Why Problems With Renewables Have Hurt the Utility Sector

The September sell-off in utilities was due to concerns about profitability of renewable development, not interest rates. Renewable developers (not utilities) are facing cost pressures from supply chain, labor and financing costs. Offshore wind has been hit hardest and the East Coast projects have cost increases of 50% leading to write-offs and cancellations. Onshore wind[…]

Read More
The War on Drugs and Carbon

By now, it’s not controversial to say that fighting a war on illicit drug supply rather than demand has been a failure.  It hasn’t reduced addiction and it has increased crime, violence, incarceration, etc.  Moreover, when the war on supply pushes up the cost to consumers, an alternative appears in the form of prescription opioids.[…]

Read More
Eva Pao – May 17, 2023

The incredibly influential proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis provide institutional investors with vote recommendations regarding proxy voting proposals, traditionally in governance and executive compensation. Lately, they have veered into weighing in on ESG proposals where they seem to have adopted a decidedly political, less fact-based view in their recommendations. A[…]

Read More
Eva Pao – February 4, 2023

People like to come up with stories to explain stock price performance. Good stories if the stock is up and bearish stories if the stock is down. One common story is to dig up and dust off an industry metric to explain valuation differences among similar companies. Reserve Life Index (“reserve life” or RLI) is the number of[…]

Read More
Does Anyone Remember the Green New Deal?

The Green New Deal was put forth on Feb 7, 2019, as House Resolution 109. It wasn’t just about clean energy. It was also about environmental justice, income inequality, job creation, access to health care, affordable housing, etc. (www.congress.gov) While it was widely criticized as being too broad and lacking specifics, it was my view[…]

Read More
No Farms, No Food; No Energy, No GDP

As we wrap up 2022 and look forward to 2023, talk of an oncoming recession is all around us.  This would normally be a concerning outlook for the cyclical energy industry, but this energy up-cycle is not driven by strong demand.  It is instead driven by a lack of supply. In the past, geopolitical events[…]

Read More

By selecting essential cookies, our site will allow basic cookies in order to functionally operate the website during your visit. They may not be disabled and your experience may be limited.

CLOSE