Core Insights - The article emphasizes the author's extensive experience in personal investing, particularly focusing on small to mid-sized midstream companies and broader topics such as energy transition and macroeconomic questions [1] Group 1: Investment Focus - The author identifies as a value investor, recommending companies that are expected to yield high returns over a 3-8 year time horizon [1] - There is an intention to broaden the scope of articles to include other sectors as value returns become more prevalent [1] Group 2: Market Analysis - The article discusses significant themes in the energy sector, including the timing of peak shale production [1]

Exxon Mobil announced Tuesday that its Fife ethylene plant (FEP) in Scotland will shut down in February 2026, citing a combination of high supply costs, weak market conditions, and the challenging UK ... ...

End of the Year: Let’s Look at Taxes, Metals and EnergyAsk any locomotive engineer. You definitely want to stop the train too soon versus too late.Or in other words, don’t be this guy:Santa Fe locomotive overshoot, Los Angeles, January 1948. Courtesy martinturnbull.com.No question about it; we’ve had a good year in 2025. Gold, silver, platinum are up. Most other metals as well. Many miners are up, and many have seen spectacular gains. And while I don’t spend much time covering tech vaporware like AI and suc ...

壳牌《2025能源安全情景分析》中的三种情景均表明：由于油气田自然衰减速度是未来需求潜在降幅的 2~3倍，未来数十年仍需维持每年约6000亿美元的上游投资。 人工智能也受到关注。市场人士指出，对能源行业来说，人工智能似乎是一股"普涨潮水"，本应带动所 有能源领域发展。在这个变革空前的时代，为筑牢能源安全屏障，全球政策制定者与企业纷纷采取"全 面布局"的能源策略，即便要搁置清洁能源承诺也在所不惜。各国政府火速批准新项目，全力提升能源 产量，试图消除迫在眉睫的能源短缺。 不过，人工智能热潮为国际石油巨头带来的资金流入，尚不足以抵消行业当前面临的短期阻力。《经济 学人》指出："自去年年初以来，标普500指数成分股(美国大型企业)的总回报率(含股息)达46%；相比 之下，包括雪佛龙、埃克森美孚等巨头在内的美国石油天然气企业，总回报率仅为14%。"人工智能热 潮短期内还无法让企业受益。但即使如此，油气企业仍在投资人工智能的消费能源需求。 油气企业也有利用新产能对冲自然衰减的需求。目前，埃克森美孚及欧洲巨头们正采取长期策略，即通 过投资新油气供应来抵消现有油气田加速衰减带来的产量下滑。国际能源署上月也有重大立场转变：在 ...

Core Insights - Strategy Inc. disclosed a significant Bitcoin purchase of $835.6 million for the week ending Nov. 16, acquiring 8,178 BTC at an average price of $102,171 per coin [1][5][7] - Tom Lee suggested that Strategy Inc. could become one of the largest companies globally if Bitcoin reaches seven figures, emphasizing that the company's valuation is primarily based on its Bitcoin holdings rather than net income [2][4] - The company holds a total of 649,870 BTC, purchased at a total cost of $48.37 billion, with a blended average price of $74,433 [8] Company Valuation and Market Position - Tom Lee compared Strategy Inc. to Exxon Mobil Corp., stating that it could replace Exxon in market lore due to its Bitcoin holdings [3] - The company's aggressive Bitcoin accumulation strategy follows a volatile period in the cryptocurrency market, with all net proceeds from preferred stock sales directed towards Bitcoin purchases [8] Stock Performance and Market Sentiment - Despite the large Bitcoin purchase, Strategy Inc. shares are experiencing intense selling pressure, trading near $200 after breaking several major support levels [11] - The stock has shown a consistent pattern of lower highs and lower lows since August, indicating a bearish trend [12] - Key support levels are identified at $195, with potential for a deeper fall if this level is breached [14]

The largest companies have contributed disproportionately to S&P 500 gains. An easy way to measure that is by comparing the S&P 500's performance to the S&P 500 Equal Weight Index, which effectively weights each S&P 500 component at 0.2% of the index. So, instead of Nvidia having over 350 times more influence than a company like Clorox in the S&P 500, their stock prices would have the same impact in the S&P 500 Equal Weight Index.This means that investor sentiment and earnings growth can drastically impact ...

Core Insights - Morgan Stanley's total market value of holdings reached $1.65 trillion for Q3 2025, up 7.1% from $1.54 trillion in the previous quarter [1][2] - The firm added 400 new stocks, increased holdings in 3,542 stocks, reduced holdings in 3,456 stocks, and completely sold out of 328 stocks during the quarter [1][2] - The top ten holdings accounted for 21.93% of the total market value [1][2] Holdings Overview - The top five holdings included Microsoft (MSFT) with 120.24 million shares valued at approximately $62.28 billion (3.77% of the portfolio), Nvidia (NVDA) with 323 million shares valued at $60.26 billion (3.65%), Apple (AAPL) with 229 million shares valued at $58.34 billion (3.53%), Amazon (AMZN) with 163 million shares valued at $35.76 billion (2.16%), and Google (GOOGL) with 122 million shares valued at $29.64 billion (1.79%) [3][4] Trading Activity - The top five purchases by percentage change in the portfolio were Invesco QQQ Trust (QQQ), SPDR S&P 500 ETF (SPY), Invesco MSCI USA ETF (PBUS), Vanguard S&P 500 ETF (VOO), and Johnson & Johnson (JNJ) [5][6] - The top five sales included Visa (V), Meta Platforms (META), Accenture (ACN), Costco (COST), and Salesforce (CRM) [5][6] Sector Movements - Morgan Stanley increased its positions in major energy companies ExxonMobil (XOM) and Chevron (CVX) during Q3, despite concerns over supply surplus [7]

（来源：聚烯烃人） 来自美国第三季度的业绩显示，对于大多数大宗化学品和多元化化学品生产商而言，市场状况仍然充满 挑战。聚合物生产商报告了近期需求改善的一线希望，同时也强调了长期供过于求和成本削减的问题。 聚烯烃市场表现 聚烯烃生产商 LyondellBasell和ExxonMobil均表示，聚乙烯 (PE) 销售坚挺和乙烯成本较低是其实现连续 盈利增长的原因。 LyondellBasell 报告调整后的净收入为 3.3 亿美元，高于第二季度的 2.02 亿美元。 LyondellBasell 表示，美国一体化聚乙烯利润率因成本降低而连续改善，但聚丙烯利润率和销量仍 然疲软。然而，该公司补充道，美国和欧洲的 PE 销量已开始复苏，全球聚烯烃需求增长正在回 归长期趋势。同时乐观地认为，高成本产能的加速合理化将减轻中国新工厂带来的影响。 来源：市场资讯 | Company | Sales | Change* | Net income | Change* | | --- | --- | --- | --- | --- | | LyondellBasell | $7,730 | -10% | -$890 | NM | ...

KKR is providing Chandra Asri with $750 million for its acquisition of Exxon Mobil’s Esso-branded retail fuel stations in Singapore https://t.co/ctx1oEcSRB ...

Key Points Investing in the energy sector is volatile by nature and prone to big price swings in oil and gas prices. To minimize that impact, investors should consider owning large, diversified, global energy producers that provide the most stable results. A predictable and growing income stream is also an important consideration for long-term success in the sector. 10 stocks we like better than ExxonMobil › One of the most important things investors considering a stake in the energy sector need ...