Can someone explain to me how $apts doesn’t cut their dividend again or dilute shareholders given the massive amount of preferrreds that are senior to common equity 🤔

Any updated thoughts on #MMAC Dave Waters? It’s discount to book value is a head scratcher...particularly given its renewables focus

While US thermal coal is clearly in a secular decline it’s tough to short those exposed given the cheap valuations 👇🏽

LOVE this cover! But the content—so many issues... Let me just pick a few.

Wow, truly perverse….will be interesting to see how investors like Norges and Allianz who have coal restrictions view this for public US utilities…hopefully a carbon capture plant as described below would still count toward investment exclusion

Moneyandtacos Agreed - like most things, people boiling down a bunch of stuff into a singular score is not useful. But the disclosures, especially across comps and sectors can be useful to drive areas for further diligence (sometimes)

Any E&P who thinks Scope 3 emissions isn’t their negative externality is bound to make poor capital allocation decisions

Wonder what Engine No. 1 thinks about this

So when folks make this dumb argument, 1) how much did they expect US oil production to rise in a few short months and 2) wouldn’t OPEC just have cut production in response anyways? Oil prices aren’t solely set by US production

FIFA is corrupt as 💩

Mission accomplished??

TVA had rolling blackouts last week. They are ~3% wind & solar. They ended energy efficiency programs & added gas plants to try to cope w/ extremes. It didn't work. "Adding more fossil fuels to the grid won’t prevent blackouts." #txlege #energytwitter wpln.org/post/tva-bet-o…

Is there a link to this chart? Thanks in advance

Related to . point, even if you assume megapacks at lathrop are shipped internationally, the global markets share assumption for one plant seems like a stretch x.com/natbullard/sta…