R. Patrick Kent (RPK)
@RPKInvestor
Portfolio Manager, Hedgeye Asset Management | Co-Founder & Pres, Biophysical Economics Inst | 25+ years Investment Experience | CFA, CMT | Bass Player & BJJ
497 Following 3.1K Followers
I'm sorry to inform you that the comps haven't even gotten difficult yet.
Buy Treasury bond, repo it, short future against it, buy more bonds, repeat ad infinitum... or at least until you are levered 30:1. All works great unless repo rates jump. See 2020-2021 for examples of this.
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Seems meaningful...
Morning! Game 177 of the 2026 season. Go.
I think we might be in the "find out" portion of the program.
Kind of important if this is directionally accurate. @HedgeyeTech @HedgeyeComm
The energy return on energy investment of coal + carbon capture is worse than renewable energy adjusted for the quality of the energy. Full stop. And now renewable bids are coming in at the MARGINAL cost of firing EXISTING fossil fuel capacity. Game over.
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