Fluidsdoc
Fluidsdoc
I am an oilfield veteran of 38+ years. Retired from Schlumberger since 2015. My background is drilling and completion fluids. I have authored a number of technical papers on completion topics.
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avatarFluidsdoc
2022-06-08

BP: A Primal Scream At Corporate Wokeness

BP continues to throw money down wind farm and other green energy "rabbit holes." Its oil and gas reserves are declining and will continue to do so. The company's primary source of revenue at present. They have no firm dates for showing a profit in green energy nor any roadmap as to how this will happen. We think there are better opportunities in the E&P space. WE RATE BP A SELL AT CURRENT PRICES (primal scream). Introduction I haven't followed BP$BP PLC(BP)$ (NYSE:BP) closely for a while, as I didn't consider them investable. A couple of years ago I became concerned they were losing mission focus-making money, in search of green energy virtue signaling, and lacked commitment in returning capital to their shareholders. I am running an investment-hi
BP: A Primal Scream At Corporate Wokeness
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2023-03-09

Enbridge: Jagged Little Debt Pill (Rating Downgrade)

IntroductionEverything is on the energy side of the stock supermarket sale these days. You could almost throw a dart at a list of energy stocks and come away with a winner. Hold your horses, and take your finger off that "unfollow" button...Isaid, "almost." The downdraft in producers I sort of get in the face of oil and gas price declines. The same for the OFS companies. But, the fact the toll-taking midstream sector is down 20-30% suggests that factors other than the business fundamentals are in play. In this article we will look at one factor in particular that may be sending investors scurrying for cover. It's a new era and debt is a four-letter word.Enbridge Inc. (NYSE:ENB) is a solid dividend payer with a strong track record of paying a fairly stable highyielding dividend-through good
Enbridge: Jagged Little Debt Pill (Rating Downgrade)
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2023-02-21

Imperial Oil: Holding For A Better Price

SummaryImperial Oil is a large diversified Canadian heavy oil producer.The valuations are attractive but we rate it a hold at present prices.A dip toward $40 USD would put it in the buy zone.All prices in CAD unless noted.PhototreatIntroductionImperial Oil (NYSE:IMO) is a Canadian heavy oil producer with upstream and downstream operations. Demand for the low gravity oil it produces has boosted revenues and profits over the last couple of years. Recently there has been weakness across the board in oil names, thanks to a 25% pull back in WTI and Brent has had the same effect on IMO, and this presents an opportunity to buy this company at a discounted valuation.Price chart for IMO (Seeking Alpha)It also is taking steps toward entering the low carbon fuels business with alarge investmentn
Imperial Oil: Holding For A Better Price
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2022-09-23

Tetra Technologies: There's A 'SandStorm' On The Horizon

· TETRA Technologies, Inc. is undervalued in the current market weakness. · In this article, we will discuss just one lever the company has to pull in the Water and Flowback services segment. · We think TTI stock remains a buy at current levels subject to individual risk tolerance. IntroductionTETRA Technologies, Inc.$Tetra(TTI)$ (NYSE:TTI) has a number of levers to pull in the OFS space that promote sustained and growing revenues and margins based on technology and service. We think the true value TTI brings to clients is not yet fully appreciated by the market in the current softness in oil-related equities.The company's Water and Flowback Services segment is engaged in a rapidly growing business managing key aspects of surface w
Tetra Technologies: There's A 'SandStorm' On The Horizon
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2022-10-06

Hard Truths For The Oil Bears

The era of easy, low-priced energy has come to an end. Production trends from key oil producing areas are not positive. We are and have been bullish on oil and gas stocks and think the rally is still in its early phase. Oil oriented ETFs such as the USO and BNO may be avenues for participating in any gains made in crude prices. IntroductionThe last couple of weeks of September were a rough period in the energy market if you were long oil or related equities. That's probably the understatement of the year. Nearly every negative sentiment-recession, Fed tightening, dollar strength, Chinademand, inventory builds, or what amounts to the entire oil priceCloset of Anxieties, came to pass during this period. Oil-WTI took a tumble below $80 for the first time since Jan 11th of this year, closing F
Hard Truths For The Oil Bears
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2022-10-28

Devon Energy: Stick Around, The Fun's Just Begun

Devon Energy will report earnings November 1. We think Devon's Q3 earnings will be solid YoY, but less than Q2. This could create weakness in the stock for a time. A Call strategy addresses that possibility. Long term, we think DVN has farther to run and discuss why. Investors looking for continued growth and substantial income may find the company attractive.   IntroductionDevon Energy Corporation$Devon(DVN)$ has been one of our best-performing investments over the last couple of years. It is currently sitting just above its June 2022 high, with premarket indications that it will continue this push in today's trading.This is at a point where investors could be justified in trimming their positions and playing with the "House's Money
Devon Energy: Stick Around, The Fun's Just Begun
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2022-11-12

Tetra Technologies: 2 Birds, 1 Stone

 In this article, we discuss TETRA Technologies' Q3 2022 earnings report. We also dig into the weeds on their lithium extraction and water desalination businesses. We are maintaining a buy on Tetra Technologies below $4.00 and reiterating a target of $8.00 as the industry gains steam in 2023. IntroductionTETRA Technologies, Inc.$Tetra(TTI)$ disappointed the market with its Q3 2022 earnings release. The market didn't take it kindly and took the company down a peg. A big peg, as in like 18.22% in a single day. Wow. The market is a bit of a nervous nellie, and when the conference call began, TTI stock began to sink like a stone, cracking $4.00 before rebounding a bit.In this article, we will identify the key areas that led to the selloff and
Tetra Technologies: 2 Birds, 1 Stone
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2022-09-23

Tetra Technologies: There's A 'SandStorm' On The Horizon

· TETRA Technologies, Inc. is undervalued in the current market weakness. · In this article, we will discuss just one lever the company has to pull in the Water and Flowback services segment. · We think TTI stock remains a buy at current levels subject to individual risk tolerance. IntroductionTETRA Technologies, Inc.$Tetra(TTI)$ (NYSE:TTI) has a number of levers to pull in the OFS space that promote sustained and growing revenues and margins based on technology and service. We think the true value TTI brings to clients is not yet fully appreciated by the market in the current softness in oil-related equities.The company's Water and Flowback Services segment is engaged in a rapidly growing business managing key aspects of surface w
Tetra Technologies: There's A 'SandStorm' On The Horizon
avatarFluidsdoc
2022-08-25

Occidental Petroleum: The Oracle Busts A Move

Occidental Petroleum is gaining from investor interest following news of Buffett's FERC approval to increase his stake to 50%. We don't think Occidental Petroleum will stop there and detail reasons why in this article. Occidental Petroleum remains attractive for new investors at current levels for continued gains from a reversal of the oil price weakness and a potential future Buffett bid to take them private. IntroductionI hope you can read one more article about Occidental Petroleum Corporation$Occidental(OXY)$. I will understand if you can't, they've been coming fast and furious. How about if I promise not to waste your time. I think Ihave some takes on this deal that you haven't seen before. I hope you will keep reading!Occidental Petroleum has be
Occidental Petroleum: The Oracle Busts A Move
avatarFluidsdoc
2022-06-21

Should investors use the upcoming stock split to build a position?

Stock splits affect a company's share price, but not its overall value. Lower share prices help retail investors avoid concentrating too much money in one company. Alphabet remains a market leader in digital advertising. Stock splits are all the rage in 2022.Amazon$Amazon.com(AMZN)$  just completed its first split in more than a decade;Tesla$Tesla Motors(TSLA)$ plans a 3-for-1 split later this year. And Google parent Alphabet$Alphabet(GOOG)$ $Alphabet(GOOGL)$ will execute a 20-for-1 split on July 1.Although stock splits don't affect a company's fundamentals or overall market cap, they can impact how investors feel about a
Should investors use the upcoming stock split to build a position?

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