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Oil up around 9 bux since the election.

Buying ET, MRO and NAT (Energy Transfer, Marathon Oil and Nordic American Tankers) at tomorrow's open.

Biden policies will squeeze supplies by killing pipelines and drilling leases on federal lands.

Less oil on the spot markets means higher prices for available supplies... I hope.

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32 minutes ago, Jimmy Hoffa said:

Took a position in AMC @ 4.65.

Biden isn't going to let down his Hollywood pals after getting their contributions and support. They don't like streaming and want the theaters reopened. 

long-term it's a terrible investment... you can still buy the debt for 40 cents on the dollar instead

amc's market cap is now TWICE AS MUCH as before covid!  how can a company have almost 0 revenue for a year, lose almost every negotiation with landlords and studios, take out a ton of debt at 15% interest rates, and be worth twice as much?

they have serious long-term issues, the streaming windows have now shrunk to 0, disney/hbomax/etc are going to keep releasing major films at home instead to jam more subscribers... look at wwe network, that totally killed their ppv business but they didn't care

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they really smart thing amc did was announce they weren't going bankrupt yesterday pre-market, and then sold ANOTHER 50 million shares into the market yesterday

 

but for some perspective, over the 5 year period from 2015-2019, pre covid, and pre streaming wars, and with box office breaking records, amc managed to lose $3.15/share

 

they survive but they sure as hell won't thrive

 

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