$40, page-91

you give me too much credit

my only question is what will be the next catalyst for $40.

oil price and LNG prices are decades high, production are on target

but commodities being commodities come in cycle, we know demand inelastic to a certain extent, but oil also used for manufacturing and demand will come down if the fed get what they want. At a certain point, will break the camels back, no matter how inelastic one assumes

I think in the near term, the only thing that will take it post $35 is a meaningful selldown in assets or share buyback.

compared to the market in general, even if it trade sideways it’s not a bad investment delivering 10% yield

I wouldn’t add or sell at this stage, will only add if it get washed out with the market.