RE:More NuttallWhen asked about TOU he said he thought investors would be unwinding positiions in TOU and moving to ARX because of TOU's poor performance this year and he chalked it up to variable dividend payouts and said what TOU should be doing is buying back stock.
The last part is just a preference on shareholder returns and you're going to have to pick whether you side with Mike Rose or Eric Nuttal.
TOU YTD +14%
ARX YTD +36%
It looks like a choice of whether you want to be paid now or later to me.
GLTA ARX BULLS
retiredcf wrote: AI and oil.(A Commentary)
21/11/2024
Almost no interconnection. Main uses for oil are not for power generation. Natural gas and, long-term, nuclear tie into AI. The buildout of AI and data centres is real.
In the US, power demand was flat for 14 years; this is the first year with an incline. If demand in the US is expected to grow by 25% by 2040, where will the power come from? What about nuclear? Well, it makes a lot of sense, but you'd have to build 126 reactors, and that will be over decades. Wind and solar sources are not practical. That leaves natural gas.
Many people see nat gas as a bridge. But we're not bridging to anything; natural gas is going to carry the baseload for many years to come. That's why people are getting more bullish on it.
Eric Nuttall