RT @great_martis: Hi 👋

People want to call bubble on tankers while ignoring the capital cycle present in the AI infrastructure trade. Truly remarkable. Capital cycle wins everytime. Economics 101 work.

$NE has secured a 5-7 month contract for the GreatWhite (which is to be renamed) with BP commending in Q2 2027 directly preceding the AkerBP contract. DR $320K plus $5M mob fee. Great contracting! Looks like the "Norwayisation" of the rig is going well for NE. $RIG $VAL $ODL

But I thought oil was being phased out and demand is peaking??? Unless…. $VLO $XOM #OOTT

Building conviction is not something you "do" it is something you gain and then earn each day. With that said what really drives the investment case for $TDW and why is it sustainable? We aim to answer that in a one pager found below, enjoy. open.substack.com/pub/100xco…

I can’t tell if posts like this are engagement bate or true investigative work. Either way from everything I’m seeing the market is sleep walking into a massive crisis I just don’t know why no one cares or when they will

You’re not

$ACIC Loving the price action in American Coastal prior to a major inflection over the next 18 months. We project end of year book value of $8.25 per share implying 1.2x book value for a business that generates 65% combined ratios, is paying out large special dividends, buying back stock and is ran by one of the most capable management teams I have ever come across.

I was legitimately just talking to my partner about this yesterday. We felt the market is totally sleep walking into crisis because it hasn’t “shown up” yet in anything except pump prices. I said that one day we will wake up and just be short critical materials like motor oil and the world will be shocked. I don’t want to be right about the severity of this crisis but everything points to massive shortages of critical raw materials through 2026 and into 2027. While fintwit looks at investment opportunities there will be millions of people short basic nutrition on top of what looks like a mother of all El Niños this year. Buckle up, praying I’m wrong. $AZO $XLE $SPY

Oil goes up on fears of Iran conflict continuing and bottlenecks getting worse - oil exposed STOCKS will trade down because demand destruction and recession. Oil goes DOWN because of an Axios article and Truth Socials from Trump saying they have an agreement and oil exposed STOCKS also go down because of oil. Understand? Thanks for playing.

barnacles are bullish $DRAM and AI stocks

$72.50 $BRK.A is paying 1.2x tangible book value for Taylor Morrison when many of the mid sized builders sell for meaningful discounts to TBV. On the other hand $BRK.A buys OxyChem for $9.7B all cash. For a group of FinTwit folks who claim to be Buffet purists it seems you have not spent much time looking at what Berkshire has actually been buying over the last 3-5 years.

$BRK.A buying a home builder. Brad Jacobs enters home building to roll up. If there is any signal its that we are fishing in the right ponds with $FPH, $BLDR and other home building/services companies.

Further consolidation of drilling tonnage

advisors.robotti.com/wp-cont… It’s no secret that we have an immense respect for @BobRobotti and Marty Whitman and base a lot of our fundamental thinking tailored to the same Graham valuation principles. With that said, when Bob speaks we pay attention. Check out their most recent letter above. Securities mentioned are listed below. $TDW $LXU $BLDR $SUBC

LATEST strategic asset allocation in Family Offices ⇒ 2019-2025 ⇒ plans for 2026 UBS Global Family Office Report 2026

“Due to AI” has become the new “due to Covid”