Struggling to understand how anyone can believe anything Trump says at this point. These stories wouldn’t even go into a parody.

Reach Subsea: Priced for decline, positioned for inflection open.substack.com/pub/norwaystoc… $REACH.OL

Petrobras is wrapping up a rig tender for pre-salt giant Búzios as 3 new 225k bpd FPSOs arrive in '27 w/ an efficiency program driving down costs across the portfolio. With Atlantic export access and wells outperforming earlier vintages, this is a deepwater oil story to watch 🇧🇷

Stephen Leeb on Oil, Gold and the End of the Petrodollar open.substack.com/pub/norwaystoc… #oil #gold #petrodollar #macro

Watchlist Update: AutoStore – the Amazon puzzle is coming together open.substack.com/pub/norwaystoc… $AUTO.OL

For the first time since the war started, WTI oil has settled above the $100-a-barrel threshold. It’s the first triple-digit settlement since 2022, when it closed above that level for >80 trading days. To match that, WTI would need to remain >$100 everyday until late July.

The threat of NATO’s break-up, easing sanctions on Russia, a massive energy crisis in Europe, halting aid for Ukraine and blocking the loan for Kyiv by Orbán - it all looks like Putin’s dream plan.

DATED BRENT OIL PRICE REACHES $141.37 PER BARREL, THE HIGHEST SINCE 2008.

Watchlist Update: Constellation Secures the Cash Flow Phase open.substack.com/pub/norwaystoc… $COSH.OL #rig #energy

+11.62% in March – best month so far. Gullinbursti now +58.46% since launch. New additions: $VEND.OL & $COSH.OL $DNO.OL leading the pack. Full breakdown 👇 open.substack.com/pub/norwaystoc…