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6/3/2025
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This week-end, OPEC decides how much to increase its July oil output. OPEC has recently increased monthly production by larger (3x) than expected amounts. The official story: OPEC is punishing a rogue member for pumping too much oil (thus keeping prices down) … by pumping even more oil and pushing prices even lower. A small mention: OPEC wants to increase market share. Reuters now reports that OPEC is discussing pushing its July output even higher than 411,000 bpd.
The real casualty will be the US shale oil industry, a rival of OPEC and long in its cross-hairs. US shale becomes increasingly unprofitable at prices below 60. A story link below discusses production and pricing. Sentiment: long energy, bearish. JMO. DYODD.
A pivotal OPEC+ decision this weekend could tank crude-oil prices by 10%
https://www.marketwatch.com/story/a-pivotal-opec-decision-this-weekend-could-tank-crude-oil-prices-by-10-d389a6ff?mod=home_ln
OPEC+ agrees July oil output hike of 411,000 bpd.
Thanks!
Does J. Powell know about this deflationary news?
Wake up Jay…and start cutting those rates!
I picked up RMT yesterday, which is a CEF investing in small cap value stocks. Quarterly yield of about 8.7%. Selling at -13% discount and a -1 year Z score. DYODD
instead of index options, like qqqx, they are writing on the individual stocks in their portfolio, which has a similar flavor to the Berkshire portfolio
I recently started a position in the Target 15 Berkshire Select Income ETF from VistaShares, ticker (OMAH). The fund mirrors the top 20 holdings of BRK.B and adds an options strategy to generate income. The fund seeks to achieve 15% annual income paid out monthly.
https://www.vistashares.com/etf/omah/
Seems like an interesting way to invest like the Buffet crew and earn some income along the way. OMAH is down about 4% since its inception in early March while paying out ~2.5% in dividends. Next ex-date is in a few days.
OMAH has been on my watch list since its inception. I like their portfolio a lot and the idea of writing options for added income. (I almost did an impulse buy.)
I clicked around the OMAH website but could not find a specific explanation of what they are actually doing other than generally “writing options.” Many other cc ETFs (except JEPI) are more forthcoming in disclosing what kind of options they are writing (ATM, OTM) and how much of their portfolio they are overwriting. I’ll continue watching OMAH until it has a longer a track record. JMO. DYODD.
instead of index options, like qqqx, they are writing on the individual stocks in their portfolio, which has a similar flavor to the Berkshire portfolio