Category: OWTW

OWTW
CapEx Team

Oil is the New Tobacco – OWTW

We highlighted before the decline in capex by (predominantly Western) oil and gas companies. Take a look at this chart, which shows just how steep this drop is: The irony of the situation is this lack of spending on replacing reserves is paving the way for a repeat of the

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OWTW
CapEx Team

The Curse of the IPO – OWTW

📉   THE CURSE OF THE IPO One of the best contrarian indicators are major IPOs (or ETF listings) in a particular sector. Looking back, the recent Coinbase IPO appears to perfectly fit that bill. Here’s Bloomberg on the topic: Throughout history, initial public offerings have taken place at peaks of

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copper is the new oil
OWTW
CapEx Team

COPPER IS THE NEW OIL – OWTW

🛢️ DATA COPPER IS THE NEW OIL It turns out copper, not data, is the new oil: This prompted us to dust off an old Insider Weekly issue from March 2020, where we highlighted the asymmetry that copper — and a host of other resource markets — offered at the time. Energy, copper,

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OWTW
CapEx Team

The ESG Joke – OWTW

How come the iShares ESG USA Index (ESGU) has a 2.5% weighting to oil and gas stocks? And how come that weighting is more or less the same as the S&P 500? It’s almost as if we’re being played. While this might get us termed “climate deniers” or whatever the label

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