Hello
As my friend used to always say…“strange things happen under the midnight sun”…and with all the geopolitical noise going on, it is tough to block all the news stories out.
We focused on other areas this week and we start with a short interview with Adam Rozencwaig of G&R who have been so good on the commodity space.
Tom Lee was on CNBC mid-week and he is always helpful explain the ebbs and flows on the markets.
I hope I am 99 and still able to cleverly craft an op-ed or two. Charlie Munger is 99 and all investors should take advantage of everything he writes.
Morningstar produced a commentary this week telling real estate buyers to not rush into buying. At the same time, CBC explains the unaffordability issues we have here in Victoria. I keep hearing about the challenges that small businesses are having finding employees and so many being forced to close as well. Without efficient mass transit and the high costs to rent, the numbers just do not work for so many.
There is a move with the municipal councils in Victoria and Vancouver to move to electric. I attached a story from Stewart Muir and a colleague and TNC News a piece yesterday. John Lee Pettimore also posted a recent on some stats.
I was reminded by a top energy infrastructure analyst that cities need to calculate the total infrastructure costs to do this in all the neighborhoods.
He also said that Site C will come in many years behind schedule at about $20Billion to produce 1,000 megawatts….while a proper natural gas powered plant would be about $3B to produce 3,000
(so he said…can the taxpayers pay for any more Muskrat Falls and Site C?) More on this in the coming weeks.
Bloomberg showcased the issues with whales on the east coast of the US and some say it has to do with the offshore wind farms there.
There was a proper tribute to the Queen at the BAFTA evening as Helen Mirren’s speech was as eloquent and classy as the Queen who we miss so much.
Finally and for some fun, take a look at what a hard working toddler is doing in Quesnel. Thomas Pethick has quite the future and I wish all young people worked this hard.
David
Number 1 - G&R
Why Investors Need to Watch Oil Prices in 2023
During this 6-minute conversation, Adam touched based on:
- Why investors need to watch oil prices – (2023 is looking to be very bullish)
- Strong Asian demand as China reopens
- Companies returning money to shareholders, and not Investing It
People aren’t thinking about oil (even though 2023 is looking to be very bullish), says Adam Rozencwajg. He discusses the of China/US relations, noting that this is strong Asian demand as China reopens. He also examines corporate share repurchases and goes over why investors need to watch oil prices in 2023. He talks about how companies are returning money to shareholders, and not investing it. Tune in to find out more about the stock market today.
Why Investors Need to Watch Oil Prices in 2023
During this 6-minute conversation, Adam touched based on:
- Why investors need to watch oil prices – (2023 is looking to be very bullish)
- Strong Asian demand as China reopens
- Companies returning money to shareholders, and not Investing It
People aren’t thinking about oil (even though 2023 is looking to be very bullish), says Adam Rozencwajg. He discusses the of China/US relations, noting that this is strong Asian demand as China reopens. He also examines corporate share repurchases and goes over why investors need to watch oil prices in 2023. He talks about how companies are returning money to shareholders, and not investing it. Tune in to find out more about the stock market today.
Number 2 - Investors should expect some payback, says Fundstrat’s Tom Lee
Late February is typically sloppy… inflation is coming down.
Tom Lee, Fundstrat co-founder, joins ‘Squawk on the Street’ to discuss why investors should expect some payback, how inflation will impact the market and economy, and more.
Number 3 - Why America Should Ban Crypto
Wall St Journal op-ed by Charlie Munger
It isn’t currency. It’s a gambling contract with a nearly 100% edge for the house
Number 4 – Canadians: Don’t Rush To Buy a House
A few key factors need to settle down before you decide to buy a new home.
https://www.morningstar.ca/ca/news/231397/canadians-dont-rush-to-buy-a-house.aspx
Number 6 - City gas ban sets back climate action
Tackling climate change is a team effort. Kicking the gas grid off the team is an expensive, symbolic move that could even be counterproductive to the city’s renewable energy goals.
To make sound climate policy decisions, we need to separate concerns about fossil natural-gas fuel carried by the gas infrastructure and the role it is ideally suited to play in a future renewable-energy system.
This is why the outcome we now have holds back, rather than promotes, the deployment of renewable energy that is critical to meeting the city’s 100% renewable-energy goals. Victoria’s latest policy deserves a second look when a new city council takes office next month.
Gas stoves account for just 0.4% of total U.S. gas use. The D. Energy published its annual estimate for residential energy costs. It found that on a per-BTU basis, electricity costs about 3.5 times more than natural gas. It’s about making you energy poor, not saving the planet.
https://twitter.com/johnleepettim13/status/1627693841640824832?s=46&t=-70o5MPHG3r1txkWikX3ew
Number 7 - Why ‘Made in China’ Is Becoming ‘Made in Mexico’
Some Chinese companies manufacturing goods for the U.S. are shifting production closer to their biggest market.
https://www.nytimes.com/2023/02/21/podcasts/the-daily/us-mexico-trade-china.html
Number 10 - Tiny B.C. toddler becomes viral TikTok sensation working in his parents’ store
https://globalnews.ca/news/9490029/bc-toddler-viral-tiktok-quesnel-water-jugs/
A pint-sized toddler in a small B.C. city has captured the attention of millions around the world. Thomas Pethick is only 15 months old but he already loves to help out in his parents’ water utility company in Quesnel.
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
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