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Ben Cahill is director for energy markets and policy at the Center for Energy and Environmental Systems Analysis at the University of Texas. Mr. Cahill analyzes the present state of the oil and gas industry. Those who find rational critiques of the current administration offensive may want to skip this article.
despite sector support for trump and the gop, american energy seems determined not to lose money this time in support of nonsense strategies. they are actually hearing 'drill , idiots, drill'.
I still don't own E & P. I am in midstream, with 6.44% of portfolio, currently. And ET just lately bought a huge office building in Houston. Are they outgrowing their current Dallas HQ? It certainly must be a BIG slug of money involved. But the price was not published. https://realtynewsreport.com/starwood-sells-41-story-skyscraper-to-energy-firm/ "...But Energy Transfer is no investor wanting to buy low and sell high in a few years. The Dallas-based energy firm, which operates a 130,000-mile pipeline network crisscrossing the nation, is expected to occupy the 5555 San Felipe building for the long-term..."
I bought a few additional shares at a recent low of $14.99, and it's back up to $17.27 tonight. It is claimed that market oil prices don't matter, but ET owns a stake in Sunoco, which DOES get affected, directly. The divvy is healthy. During covid, it was cut, but I did not own it then. Oil demand may become range-bound or fall with a trade war. But ET is scrambling to keep up with offers to fuel new AI-connected Data Centers, and the Lake Charles facility now has a green light. (LNG.)
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they are actually hearing 'drill , idiots, drill'.
https://realtynewsreport.com/starwood-sells-41-story-skyscraper-to-energy-firm/
"...But Energy Transfer is no investor wanting to buy low and sell high in a few years. The Dallas-based energy firm, which operates a 130,000-mile pipeline network crisscrossing the nation, is expected to occupy the 5555 San Felipe building for the long-term..."
I bought a few additional shares at a recent low of $14.99, and it's back up to $17.27 tonight. It is claimed that market oil prices don't matter, but ET owns a stake in Sunoco, which DOES get affected, directly. The divvy is healthy. During covid, it was cut, but I did not own it then. Oil demand may become range-bound or fall with a trade war. But ET is scrambling to keep up with offers to fuel new AI-connected Data Centers, and the Lake Charles facility now has a green light. (LNG.)