Postcards: When It Comes to Oil, “There’s Always Money in the Midstream”

I learned well from a terrific oil analyst that the best place to invest in energy sits in the dead center of the supply chain. Welcome, everyone, to the Midstream.

Market Update: With liquidity rising, markets shook off the worst trading day of the year from Tuesday. Volatility again collapsed, and bond prices dipped. The one thing that did catch my attention is that mortgage rates are moving higher, which is a problem not just in the housing market - but it will rear its head as more companies look to refinance existing commercial real estate debt. We’re raising our stops and focusing more on the month ahead. In good news, the latest member of our Model Portfolio - Tower Semiconductor (TSEM) surged 12.4% after earnings today. Shares are up 12% since our recommendation on February 1. If you missed out, don’t worry. We’ll have another name for you on March 1.

Dear Fellow Expat:

My second job in financial publishing was as an editor for Dr. Kent Moors.

Kent was one of the best global energy analysts I’d ever met.

He had a keen understanding of international politics. He knew all the key players. He attended conferences with Middle Eastern royalty and…