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Scott's avatar

Much appreciate the great work you have always been doing!

The motivation of why Farallon (aka. the investment manager of CHONS and the concert GBPO) has been consistently selling seems to be a continuous puzzle. Looks to me all the info we have about "Farallon's debt fund not allowed to hold equity so they are selling for non-fundamental reasons" has been guesswork, which has been proved wrong several times (about why Farallon "stopped" selling. The latest TR-1 disclosure looks like Farallon's selling is "unstoppable".

Curious if you have any smoking guns in that regard.

Thanks.

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Rayhan M's avatar

This is really, really interesting stuff. Lately, been spending a lot of time in midstream Oil and Gas as I like the value proposition there amongst increased consolidation like you mentioned. PANR looks like a good R/R here.

What do you think about increasing allocation to an Oil/Gas ETF? I like the capital cycle dynamics at the moment, but I don't believe that the situation around ESG will get any worse – these companies are hated by the public and policymakers, and seem like the typical "sin stocks".

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