Apr. 7 at 2:13 PM
Fun Fact: global ST oil reserves = 23 days
Complete global reserves = 84 days
Actually when you think about how fragile existence as we know it is, it’s not such a fun thought.
We got a glimpse during Covid how quickly the cogs can grind to a halt but the thought of having less than 3mos reserves of the one resource the entire house of cards is built upon is crazy.
We’re no where near there 🤞but…..
I probably should’ve waited until today to add names but oh well; I can weather the ST volatility with
$ARHS
I probably should wait until tomorrow to add
$PGY but oh well; stated a small position.
Cautiously going risk on with select names.
Passing on
$PGEN as I can’t see how the revenue over 12mos will justify the MCap which is already
$1B+ Their P/S is 2X that of
$IBRX
Nothing else on my watchlist is compelling enough to rush into new risk at this point but I’m always scanning for new LT value growth names with w/prices temp. dislocated from ratios/fundamentals.
Hello
$WU