Dropping Midstream Oil and Gas Stocks
Feb 15, 2025
After some consideration, I've decided to remove the remaining five oil and gas stocks in the Green Screen—specifically, the midstream providers, which handle the transportation and storage of oil and gas between extraction sites and processing or sales points. The appeal of this sector is its volume-based contracts, which provide stability compared to the volatile prices of oil and gas, along with switching costs and, for larger pipeline-based firms, network effects. However, scaling these businesses is extremely capital-intensive, and returns on investment are merely average at best. Additionally, while there has been some renewed focus on fossil fuels, the long-term future of energy clearly lies in solar and other renewables. I'd rather skate to where the puck is going than where it is now.
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Watch List
| CRWD | 113.61% |
| NTNX | 44.26% |
| VEEV | 13.93% |
| SNOW | 50.86% |
| WDAY | -9.43% |
| ENLT | -10.81% |
| WEAV | -27.40% |
| SE | 36.62% |
| SPSC | 12.33% |
| RDDT | 14.74% |
| APPF | 13.92% |
| CMG | 39.56% |
| INTU | 44.44% |
| PSTG | 12.28% |
vs. Fair Value Estimates
Buy List
| TBBB | -35.38% |
| SEMR | -40.13% |
| ZETA | -39.20% |
| GOOG | -45.72% |
| ASR | -29.43% |
| HRMY | -55.45% |
| GLBE | -28.96% |
| YOU | -36.62% |
| MELI | -29.05% |
| ADBE | -39.09% |
vs. Fair Value Estimates
Hold List
| PINS | -14.33% |
| ASML | -13.33% |
| VTEX | 3.36% |
| TSM | -24.34% |
| NYAX | -24.98% |
| MSFT | -13.80% |
| ODD | 9.51% |
| FLYW | -16.08% |
| CELH | 32.77% |
| TOST | 38.47% |
| CPNG | 6.04% |
| HIMS | 40.46% |
| PAYC | -6.84% |
| MNDY | 18.12% |
| ZS | 81.90% |
| V | -2.80% |
| ADSK | 5.86% |
| NOW | 19.40% |
| ABNB | -23.85% |
| FTNT | -0.17% |
| TEAM | -15.16% |
vs. Fair Value Estimates